Market News
London ILS Market Off to a Slow Start; Guernsey Believes It Can Help
Guernsey believes that it can work closely with London to help develop its insurance-linked securities (ILS) sector, following findings from a Guernsey roadshow that revealed the ILS business in London has been slow to take off. Read More
Florida Property Reinsurance Renewal Pricing Is Highly Competitive
The latest JLT Re research shows that low single-digit reinsurance rate increases for the June 1, 2018, Florida property-catastrophe renewal have not met early market expectations. Read More
Andrew Marcell To Lead AON's Reinsurance Solutions Business
AON has appointed Andrew Marcell as CEO of Reinsurance Solutions. He will be responsible for managing the existing operations and growth strategy of AON's Reinsurance Solutions business as it begins its brand transition from AON Benfield. Read More
Lloyd's Brussels To Commence Writing Business January 2019
Lloyd's recently received license approval from the National Bank of Belgium for Lloyd's Insurance Company S.A. (Lloyd's Brussels). This now means that Lloyd's Brussels will be able to write non-life risks from the European Economic Area, ensuring Lloyd's customers continued access to the market's specialist underwriting in time for Brexit. Read More
Incumbents versus Innovators: Insurtech Hybrid Investment Models Emerge
In its latest "Quarterly InsurTech Briefing," Willis Towers Watson reported that 66 insurtech investment deals in Q1 2018 marked a new high, as transaction sizes continued to increase and the line between insurtech funding by incumbent re/insurers and traditional venture capital was blurred by newer "hybrid" investment funds. Read More