ID Comment: Lloyd's must ensure Hancock's departure does not blow its reforms off course
Jon Hancock has played a pivotal role in transforming Lloyd's over the past three years. The momentum must be maintained
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Reinsurers expect ‘significant disruption’ amid need for rate hikes in Florida
Summer renewals in Florida are expected to see double-digit corrections following substantial loss creep
Miami sees carrier exodus in which smaller players spy opportunity
High-profile exits have called Miami’s status as a Latin American hub into question, but other firms with an appetite for the region are already stepping into the void
Marine insurers expect spike in engine damage claims after sulphur cap roll-out
Iumi warns introduction of fuel sulphur content cap is likely to mean hull and machinery insurers see increase in claims
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Insurance Day Podcast: The Future at Lloyd’s
Insurance Day’s London Market Forum examined Lloyd's modernisation, market culture, innovation and insurtech. In this podcast, Lorenzo Spoerry and Scott Vincent discuss the key talking points from the event
London Market Forum: Syndicates must continue drive for price adequacy
Lloyd’s is expected to unveil next phase of Blueprint One early next year
The Future at Lloyd's
ID Comment: Lloyd's must ensure Hancock's departure does not blow its reforms off course
Jon Hancock has played a pivotal role in transforming Lloyd's over the past three years. The momentum must be maintained
Lloyd’s lead-follow pilot targets marine hull and casualty binders
Pilot to begin by early second quarter with market consultation on proposed standards in coming weeks
Loss Updates
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Australian bushfire bill to escalate as denial of access claims emerge
Claims volumes expected to soar in coming weeks amid favourable conditions for bushfires
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Recent wind events to have ‘meaningful’ impact on pricing: AM Best
Combined losses from Faxai and Hagibis could lead to “acceleration” of pricing at January 1
Broking and Distribution
Aon tipped to report highest growth in Q4
Staff departures mean that MMC could report the slowest growth rates among the Big Three brokers
January Highlights
Five lessons from 1/1 that will shape the reinsurance market in 2020
A divergent set of outcomes from the January renewals has highlighted many of the underlying trends that will shape the re/insurance year ahead
PPL invites tenders for complex risk platform
Accenture and Capgemini among six companies invited to submit proposals
Regulars
Deeper insight into market trends
Insurance Day’s regular sections, providing clarity on market trends and insight into their implications
ID Comment
ID Comment Company News
ID Comment: Lloyd’s toughened cyber stance brings renewed challenges for 2020
Cyber represents a challenge and opportunity for the market in the year ahead
ID Comment: Victor syndicate launch highlights benefits of distribution scale in core US market
Syndicate 2288 is targeting 'underserved' clients in catastrophe-exposed areas of the US
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Reform of private-public pools is essential to retain trust in insurance
Transforming the operating models of public-private enterprises is is vital to the credibility of the re/insurance industry as a whole
Stockwatch
Stockwatch Company News
Beazley shares surge on profit and rates turnaround
Scor stock falls 4.6% after Covea turns attention to Partner Re
StockWatch: WTW shares rise 4% as brokers defy market wobble
Tesla bet backfires for Einhorn as Greenlight Capital Re slips nearly 7%
StockWatch: Beazley shares tipped to rise 26%
Lloyd’s giant is top performer in strong week for insurance stocks
StockWatch: Argo revival continues
But Lloyd’s firms continue poor start to 2020
Hot Topics
Making complex issues simple
Focusing on what matters to the market, understanding the forces that are shaping the industry
Lloyd's: Meeting the challenges
Lloyds Company News
Lloyd's reveals most syndicates met e-placement targets in Q4 2019
Pembroke and Ark were the best performers, while Vibe, Canopius, and SA Meacock & Co were among the laggards
'Insurers must address risks from regulatory confusion around CBD'
The fast-growing CBD market in the UK presents a significant opportunity for insurers, but it also poses some unique risks as the regulation of the market is way behind developments on the ground
Besso Re appoints new head
Lloyd’s broker sees opportunities in fac
Lloyd’s reforms, Brexit top LMA's objectives for 2020
This year will be one of 'enormous change' for the Lloyd's market, Sheila Cameron has warned
Digitalisation
Digitalisation Company News
There is a dark side to the insurtech dream
Insurtech failures are not without consequence. Besides the lost investment, many of these insurtechs had paying customers, sold technology licences and some will have sold policies
Insurtech investment hits all-time high in 2019
Of the 10 insurtech unicorns in existence, five were created in 2019
Smooth mover: Nordic insurer If P&C on innovation
If P&C is using new technologies to provide a 'smooth' experience for its mass market and corporate customers
Charles Taylor InsureTech chief exits
Jason Sahota leaves after more than four years in the role
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