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Hot Topics

Brexit

Set Alert for Insurance Day Hot Topics :: Brexit

PRA proposes changes to third-country insurer rules

Under proposed changes branches will be able to hold £600m in liabilities without becoming subsidiaries

United Kingdom Regulation

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
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Broker Facilities

Set Alert for Insurance Day Hot Topics :: Broker Facilities

Aon renews Client Treaty facility for 2026

Broker expands Lloyd’s cross-class facility to include facultative reinsurance clients and aviation and space offering

London Broker

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
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Cyber

Set Alert for Insurance Day Hot Topics :: Cyber

Cyber reinsurance pricing softens at 1/1

Abundant capacity and manageable loss environment further tilt supply-demand dynamics in favour of cedants

International Reinsurance

States call for creation of Maritime Cyber Code

A group of 38 countries and the biggest shipping industry bodies are backing a call for the IMO to develop a new Maritime Cyber Code to make the fight for cyber security more consistent

International Cyber

Cyber insurers ‘overly concerned’ about war: Markel’s Burgess

While some insurers have introduced exclusions for indirect cyber war exposures, Markel has decided to offer affirmative cover

London Cyber
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Market Modernisation

Set Alert for Insurance Day Hot Topics :: Market Modernisation

Beazley names Cross head of digital follow underwriting

Cross will be responsible for all algorithmic and digital distribution channels at London market heavyweight

London Beazley

Digitalisation efforts should focus on ‘quick wins’ in 2026: LMA

Lloyd’s Market Association urges the market to focus on smaller, peer-to-peer technology initiatives next year

Lloyds Market Modernisation

McGill and Aegis form digital partnership

Initiative uses algorithms to automate quote and bind process across multiple lines of business

London Broker
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Resilience

Set Alert for Insurance Day Hot Topics :: Resilience

Climate change demands a whole-of-society approach: Bacani

United Nations Environment Programme’s head of insurance describes how the House of Insurance at the climate talks in Belém will stand as a symbol of inclusiveness, resilience, sustainability, and hope

International Brazil

UN forum proposes insurance taskforce for climate talks

The Forum for Insurance Transition has presented its recommendations for the role re/insurers play in the transition to net zero

Climate change Resilience

Insurer pressure not driving climate adaptation

Three-fifths say they spend enough on climate mitigation

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

Insurtech funding flows stabilising

Global insurtech funding falls to $1.01bn in the third quarter of the year, as investors shift from 'high-risk bets to a more balanced approach', Gallagher Re says

International Insurtech

Munich Re shutters venture capital arm

German giant to merge Munich Re Ventures into asset management business MEAG

United States Munich Re

Coalition launches cyber product in France

Active insurance aims to help French policyholders identify, mitigate and respond to emerging cyber threats before they escalate into major attacks

Europe France
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Diversity

Set Alert for Insurance Day Hot Topics :: Diversity

LMA warns of declining female underwriting talent pipeline at Lloyd’s

Lloyd’s and LMA hold women’s underwriting summit as data shows just 18% of chief underwriting officers are female

Lloyds Diversity

Eiopa publishes new insurer board diversity guidelines

Solvency II diversity rules require gender balance plans

Europe Diversity

Turning neurodiversity conversation into action

Neurodivergence is a natural variation of the human brain, not an illness or deficit

Diversity Legal focus
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Monte Carlo

Set Alert for Insurance Day Hot Topics :: Monte Carlo

Westfield Specialty will grow where it can find talent: Kuhn

Specialty insurer recently entered accident and health and fine art and specie lines

United States Monte Carlo

Scor to launch global fac unit

Paris-based reinsurer sees ‘huge’ potential opportunity in facultative business

Europe Reinsurance

No nat cat peril is ‘uninsurable’: Karen Clark

Improved models are creating new opportunities to cover severe convective storms and wildfire, modelling expert says

International North America
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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

Casualty reinsurance renewals see modest price declines outside US

International casualty pricing down between 5% and 10% at January 1 amid ample capacity, brokers report, with market dynamics stable in US

International United States

Property catastrophe prices to fall 15% at 1/1: Moody’s

Some erosion in terms and conditions emerging as capital supply favours buyers, rating agency says

North America International

US property reinsurance quotes coming in 5% to 10% down: Acrisure Re's Piccione

US market is seeing large influx of capital, but underwriting discipline expected to remain firm, senior broking executive says 

United States Reinsurance
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Hurricane Season

Set Alert for Insurance Day Hot Topics :: Hurricane Season

Jamaican parametric protection extended to households

CCRIF SPC’s new parametric insurance product aims to safeguard vulnerable communities after storms, hurricanes and extreme rainfall events

Jamaica Climate change

Jamaica cat bond will pay out in full, World Bank says

Major modelling firms put insured losses between $1bn and $5bn

Jamaica Hurricane Season

Moody’s puts Melissa losses at $3bn to $5bn

Melissa 'truly a generational event for Jamaica'

Jamaica Hurricane Season
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