The Insurance Insider is relied upon by senior industry figures and investors for its insight & intelligence. Key trends are identified and analysed, tomorrow's news is broken today and the world's events and losses are dissected for what impact they will have on the industry, its balance sheets and share prices.
The London marine liability market is facing a full-limit $200mn loss after a gas explosion at a port in Corpus Christi killed five people in August 2020, Insurance Insider can reveal...
Close to £1bn ($1.4bn) of UK Covid-19 BI claims have now been settled in full by insurers, according to the latest monthly data from the...
Last year proved to be another eventful 12 months for (re)insurance, as the industry sought to navigate rapidly changing market dynamics influenced by “surprise” cat losses, the introduction of new start-ups and the failure of the biggest broker takeover in history...
As last year drew to a close, the (re)insurance world was looking ahead – focused on 1 January renewals and thinking about what 2022 might bring...
Fidelis CEO Richard Brindle has decried a “capitulation” in pricing in the catastrophe reinsurance market at 1 January, and argued that the impact of claims inflation...
Ongoing loss deterioration in the marine liability market made it impossible to secure rate reductions at the 1 January renewals, according to a report from Miller...
Large losses absorbed by the Lloyd’s market on the 2021 year of account as of the end of Q3 could be as much as £2.5bn, based on extrapolations from figures released by Names-backed syndicates...
Insured losses from European windstorms Arwen and Barra will be below EUR200mn($226.5mn) for each event, according to Perils...
Renewals of excess-of-loss casualty treaties will run late this year as reinsurers hold firm for rate increases in the face of rising inflation and look to further...
Bermuda-registered carriers increased their average gross and net probable maximum losses (PML) related to cat exposures in 2020, with net exposure growing faster than gross...
