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Hot Topics

Brexit

Set Alert for Insurance Day Hot Topics :: Brexit

Continental marine brokers overcoming Brexit disruption: Alta Signa

Loss of Bayesian will have market effect beyond super-yacht niche, Francesco Dubbioso, MGA's head of technical underwriting, marine, says

Brexit Europe

PRA publishes post-Brexit policy for foreign insurer branches

New guidelines give more detail on how regulator will examine reinsurance arrangements

United Kingdom Regulation

Viewpoint: Solvency reform, the secondary growth objective and UK electoral risk

An impending election in the UK might introduce risk to ongoing solvency reform and delay the secondary growth that has been promised

United Kingdom Regulation
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Broker Facilities

Set Alert for Insurance Day Hot Topics :: Broker Facilities

Marsh launches Cyber Echo Encore facility

Broker adds London company market capacity to enhance its original Lloyd’s-backed Cyber Echo facility

London Cyber

Aon expands Client Treaty facility

Global broker secures three new capacity providers to flagship facility, which will now offer 28.5% co-insurance across core lines of business

Aon London

Marsh adds $25m capacity to Echo cyber facility

Broker’s excess cyber facility now has capacity of $125m

Marsh Cyber
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Cyber

Set Alert for Insurance Day Hot Topics :: Cyber

Middle East war threatens marine, aviation and cyber lines: Morningstar DBRS

Accumulation of risk exposures across war, cyber, travel, and political risk lines could place ‘meaningful capital pressure’ on many insurers, rating agency warns

Middle East and Africa Specialty

M&S and Co-op cyber attacks could cost up to £440m: CMC

Cyber Monitoring Centre classifies attacks as a category 2 systemic event, in first live assessment

United Kingdom Cyber

US cyber direct premiums fall amid declining rates

Little change in cyber risk exposure between 2023 and 2024 as direct written premiums dip 2.3% to $7.08bn

United States Specialty
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Market Modernisation

Set Alert for Insurance Day Hot Topics :: Market Modernisation

Miller launches smart follow facility for property risks

MillerBoost will combine algorithmic and tracking capacity to support faster, data-driven decisions for property risks, broker says

Lloyds Property

Aon launches AI platform to modernise placement process

New artificial intelligence platform aims to provide clients and brokers with real-time insights into market behaviour, pricing and carrier appetite

Aon Broker

Shared data standards are crucial to London’s future

Liiba’s Chris Croft and PPL’s John Mason argue the London market needs to adopt a single data standard to retain its leading industry position

London Market Modernisation
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Resilience

Set Alert for Insurance Day Hot Topics :: Resilience

Executives worry firms are not ready for emerging risks

Technology and related concerns lead list of biggest worries

International Digitalisation

Insurers must help accelerate pre-arranged finance for disasters: Clarke

By 2050, only 20% of international crisis finance will be pre-arranged, which is 20 years too late, head of the Centre for Disaster Protection says

Big Interview Resilience

Insurers back $3.5bn ‘milestone’ development finance policy

Companies including Axa XL, Everest and Swiss Re back programme to provide billions of dollars of additional development finance to emerging economies

International Climate change
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Solvency II

Empowering underwriting with actuaries on the frontline

Through own risk solvency assessment reporting, insurers gain an understanding of exposures and capital positions, and actuaries can better assess unusual risks often misunderstood or oversimplified by standard models

Europe Solvency II

Captives in the spotlight around the world

There is increasing demand for captives globally, but the specific regulatory and market conditions in each country create a diverse and dynamic landscape

North America Europe

New risk environment calls for a holistic approach: Ferma president

Charlotte Hedemark stressed the increasing focus on building organisational resilience, not only mitigating risk

Europe Risk Management
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Insurtech

Set Alert for Insurance Day Hot Topics :: Insurtech

Africa Specialty Risks inks energy data partnership

Africa-focused group's collaboration with insurtech APP aims to strengthen energy underwriting capabilities and improve risk management processes

Middle East and Africa Energy

Former XL Group chief McGavick to chair insurtech

Mike McGavick joins AI tech company mea

Bermuda Insurtech

Latest Lloyd’s Lab entrants unveiled

New cohort of 11 firms include AI and climate-focused businesses

Insurtech Lloyds
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Diversity

Set Alert for Insurance Day Hot Topics :: Diversity

Scor, Axa and QBE affirm no change to DEI targets

US embassies have reportedly sent letters asking if corporates would comply with Trump administration’s DEI ban

Europe United States

Bridging the generational gap in claims

Workers from the Baby Boomer generation to Gen Z are working together in companies, but they enter the market with different knowledge bases, meaning the expectations of progression are different, as are their learning styles

Diversity Viewpoint

Lloyd’s workforce slowly growing more diverse

Women comprise 44% of Lloyd’s market workers, and hold 36% of leadership positions at Lloyd’s firms, corporation’s latest Market Policies and Practices survey finds

London Lloyds
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Monte Carlo

Set Alert for Insurance Day Hot Topics :: Monte Carlo

Rating agencies bullish on reinsurance as renewal talks start

Moody’s sees ‘mature hard market’, while S&P Global wants to see more sustained profits

International United States

Secondary perils set to be in focus in 1/1 catastrophe renewals as losses rise

Brokers are looking for new structures to deal with frequency losses, but risk models are a challenge

Reinsurance North America

Reinsurance may be ‘at the peak of the market’: Priebe

Signs of ‘moderation in pricing’, but strong profits are still expected, Guy Carpenter chair, David Priebe, says

International Monte Carlo
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Baden Baden

Set Alert for Insurance Day Hot Topics :: Baden Baden

Baden-Baden meeting returns to in-person format

Further details about organisation of event to be released in July

Europe Reinsurance

Focus: Clarity over coverage is critical as Covid-19 casts shadow over January renewals

With negotiations underway, the reinsurance market must develop a common language for Covid-19 type exposures

Baden Baden Focus

Focus: Trust is essential to navigate the hard market

By understanding the risk and realistically pricing for the exposure, a mutually beneficial relationship between reinsurer and cedant can be maintained

Focus Baden Baden
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Renewals

Rates, capital and legal reform: key takeaways from June 1 renewals

Reinsurance prices continue retreat from 2023 peak despite strong demand

United States Hurricane Season

Hull renewal season looking good for shipowners

Glut of new managing general agencies ready to undercut incumbents, market sources report

International Renewals

Secondary perils set to be in focus in 1/1 catastrophe renewals as losses rise

Brokers are looking for new structures to deal with frequency losses, but risk models are a challenge

Reinsurance North America
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Hurricane Season

Set Alert for Insurance Day Hot Topics :: Hurricane Season

Category three Erick becomes 2025 season’s first landfall in Mexico

Forecasters predict an above-average active eastern Pacific hurricane season

North America Hurricane Season

Aon receives approval for latest Florida hurricane model

Florida Commission on Hurricane Loss Projection Methodology certifies broker’s model for rate-making in the state

United States Property

Rates, capital and legal reform: key takeaways from June 1 renewals

Reinsurance prices continue retreat from 2023 peak despite strong demand

United States Hurricane Season
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