Reinsurance
Reinsurers told they cannot ‘run from risk’
Reinsurers have been urged by Aon to “lean into risk” to protect the relevance of the broader insurance industry.
Twenty firms face off for Lloyd’s Lab spots
The Lloyd’s Lab pitch day for its 13th cohort saw 20 firms go head-to-head for one of 10 spots in the market’s 10-week fast track programme for “fresh ideas” to challenge the insurance industry.
Lloyd’s CEO predicts no changes to current pricing cycle
Lloyd’s CEO John Neal has said he expects current insurance pricing conditions to persist, dismissing suggestions of imminent widespread softening of rates.
CoreLogic’s Garret Gray on what the future holds for insurance
The president of global insurance solutions at CoreLogic, Garret Gray, gives Saxon East the lowdown on INTRConnect Europe and what the future potentially holds for the insurance industry.
Zurich creates climate alliance after ditching NZIA
Zurich has created the Zurich Climate Resilience Alliance, 17 months after exiting the United Nations Net Zero Insurance Alliance.
Marsh’s carbon offering; Howden buys broker; Aventum’s AI assistant
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Hiscox outlines growth plan for rest of 2024
Marine, energy and retail markets were identified as having great potential to further bolster Hiscox’s profits in the latter half of this year.
Big Interview: Andy Bord, Flood Re
On his last day as Flood Re CEO, Andy Bord catches up with Emma Ann Hughes on how the scheme will end in 2039, his pride around Build Back Better, plus why Labour’s promise to build more homes must be accompanied by a robust planning framework.
Cut-through clauses: a two-speed, double-edged tool
Cut-through clauses are a complex concept with many potential pitfalls with which those in the reinsurance industry may regularly need to engage, according to Emmanuèle Lutfalla and Nour Jonot, partner and associate respectively at the Paris office of…
Fronting insurers and traditional carriers vie for MGAs’ favour
Managing general agents may be able to reap more of the reward of their underwriting activity by partnering with fronting insurers rather than traditional carriers, Bridgehaven CEO Paul Jewell has said.
Diary of an Insurer: Peach Pi’s Nick Dinsdale
Nick Dinsdale, director of underwriting for NPAI and Peach Pi, loves interacting with his new team, won’t let road repair carnage prevent his daughter from playing for Chelsea FC Girls, and adds a bit of market experience to his organisation’s reinsurer…
Why are there few female insurance leaders over the age of 50?
Carmen Powell, interim managing director of ISC Group, examines why the upper echelons of insurance feature few women aged 50-plus and what it will take to attract and retain more in top jobs.
Hiscox share price surges amid sale speculation
Hiscox’s share price surged by more than 14% on Monday (8 July) following a report of a possible sale of the insurer.
Big Interview: Louise O’Shea, CFC
Louise O’Shea, group CEO of CFC, sits down with Insurance Post to discuss where the business is heading following its change of management and what the ‘next cyber’ might be.
Broker earnings boosted by 11.3% in 2023
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around $168bn (£132bn) in 2023, up from about $151bn in 2022 on a constant currency basis, according to research by Insuramore.
Insurance’s problem with a shrinking pool of arbitrators
Mark Everiss, partner in insurance and reinsurance at Eversheds Sutherland, explores the practicalities of, and difficulties in, finding a competent impartial tribunal of arbitrators to determine insurance and reinsurance disputes.
How is insurance stepping up amid election uncertainty?
With a record number of elections in 2024 set to introduce substantial unpredictability into an already volatile risk environment, Edmund Tirbutt examines how insurance is engendering resilience amidst unrelenting geoeconomic uncertainty.
Tribunal slams ‘connected’ leasehold insurance arrangement
A tribunal has ruled that leaseholders in a block of flats were overcharged by 145% after it had “not been presented with one item of documentary evidence to suggest that the insurance premiums for the building are competitive”.
Flood Re hopes flood resilience garden will improve awareness
Unveiled at the RHS Chelsea Flower Show, the Flood Resilient Garden aims to demonstrate that homeowners don’t have to compromise on their gardens regarding flood resilience.
Insurance’s wealthiest figures revealed
Douw Steyn, founder of BGL Group, the parent of Compare the Market, has climbed 23 places to make it to 58th position on this year’s Sunday Times Rich List.
Power List: Ones to watch in insurance in 2024
Here are the ones to watch who narrowly missed out on a place in this year’s Insurance Post Power List, but based on their role, career to date and growing influence look set to feature in future rankings.
Simon Matson, Gallagher
Simon Matson, executive vice president of Gallagher Global Brokerage, is a familiar face in the general insurance industry.
Insurance influencer argues AI scares the ‘antiquated’ industry
The insurance industry is terrified of AI, which could delay its adoption in the insurance industry, according to Instagram insurance influencer TheHardMarket.
Flood Re makes changes to ‘address evolving landscape’
Flood Re has today announced changes to key scheme parameters, with the aim of ensuring the continued availability and affordability of flood insurance.