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Markets

Outlook 2018: Five predictions for the London market in 2018

It's not all about rates. There are some more fundamental issues for the market to address. 

London Lloyds Technology

Specialty

Set Alert for Insurance Day Markets :: Specialty

Latest From Specialty

Aviation lessor appeal will not reopen all risk versus war risk question

Leave to appeal given on several technical points concerning the scope and wording of the war cover

London Lloyds

AI may increase productivity rather than replace jobs

Artificial intelligence is producing efficiency gains but is no substitute for human expertise, argues WTW’s Laura Doddington

Technology Property

Bridgehaven expands into Europe with Arrow partnership

Partnership marks the insurer’s first step into the European delegated underwriting market

Specialty Europe

Political risk market responds to increasing world tumult

Demand for political risk insurance cover continues to rise amid the Middle East crisis and US protectionist policies, but Russia’s invasion of Ukraine has made underwriters more cautious

North America International

Deploy AI ‘mindfully’ for maximum benefit: Markel’s Lawton-Bryce

While AI may lead to efficiency gains, the technology’s hasty adoption can disrupt operations and demoralise employees, warns Markel International’s chief operating officer, Carys Lawton-Bryce

London International

Trump’s war risk insurance scheme is going nowhere

‘Lot of talk but not a great deal of action,’ market sources say, with reinsurance facility understood to have no known users 

Strait of Hormuz crisis United States
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Reinsurance

Set Alert for Insurance Day Markets :: Reinsurance

Reinsurance demand up 10% at April 1: Aon

Reinsurance capital reaches record level of $785bn

Reinsurance Renewals

Reinsurance pricing continues to soften at April 1

Pricing on Japanese cat XL programmes falls by up to 20%, as Middle East conflict had little impact on renewals, Howden Re reports

International Japan

AM Best keeps stable outlook on London market

London market should see profits in 2026 despite softening in some lines

Strait of Hormuz crisis Property

Mission Underwriters launches Latin America platform

Miami-based operation will develop specialised facultative reinsurance programmes, initially targeting property, financial lines and specialty segments

South America Distribution

Data centre risks could strain insurer capacity, Swiss Re warns

Re/insurers can only support 'a fraction' of limit required for hypsercaler build costs 

United States Property

Axis confirms Kirk as chief financial officer

Former Enstar executive Matthew Kirk succeeds Peter Vogt

Bermuda Axis Capital
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Property, Casualty & Legacy

Set Alert for Insurance Day Markets :: Property, Casualty and Legacy

AI may increase productivity rather than replace jobs

Artificial intelligence is producing efficiency gains but is no substitute for human expertise, argues WTW’s Laura Doddington

Technology Property

Political risk market responds to increasing world tumult

Demand for political risk insurance cover continues to rise amid the Middle East crisis and US protectionist policies, but Russia’s invasion of Ukraine has made underwriters more cautious

North America International

Santam appoints Tatlock to lead Lloyd's property

Nigel Tatlock will be responsible for building a global property book that includes US and international markets

London Lloyds

Acrisure completes acquisition of property MGA Vave

Deal adds Vave to Acrisure Underwriting’s platform of 12 MGAs operating in the US insurance market

United States Property

Embedded insurance has taken hold in the motor market

Well designed arrangements, supported by clear contracts and strong governance, will be key to making embedded automotive insurance work in a compliant and sustainable way

Legal focus Europe

CatIQ lowers Canada ice storm loss estimate to C$466m

Loss aggregator's final tally is lower than fourth estimate of C$490m

Canada Losses
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