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Lloyd’s expense ratio falls and rates rise as turnaround takes hold

A lower underwriting result belies improving fundamentals after unprofitable lines fall away.

Rachel Dalton, September 18, 2019
Tropical Storm Imelda ‘likely to produce flash floods’ in Houston

Houston is uniquely vulnerable to flooding and was devastated by Hurricane Harvey in 2017.

Bernard Goyder, September 17, 2019
Watford Re lines up capacity behind XPT commercial auto programs

XPT describes the business written as “the best of the high-risk accounts”.

Bernard Goyder, September 17, 2019
Automation alone will not cut marine claims: AGCS consultant

A group of marine experts warned that new technology is not a panacea for insurers and shipowners seeking to cut costs.

John Hewitt Jones, September 17, 2019
Axa XL recruits Moeller for US political risk practice

Edward Moeller has returned to the market after a stint with the federal government.

Bernard Goyder, September 17, 2019
Munich Re-backed InsurTech Vouch raises $24.5mn

Vouch has raised money from Silicon Valley Bank to sell insurance to other startups.

Bernard Goyder, September 17, 2019
Cargo premiums failing to match exposure: Iumi

Broad cargo coverage is failing to match premium volume, Munich Re’s Sean Dalton said at Iumi’s conference.

Christopher Munro, September 17, 2019
Arch and Marsh launch ‘first of its kind’ digital asset cover

The Blue Vault product covers digital “keys”, providing limits of up to $150mn.

Anna Sagar, September 17, 2019
Loss-hit mining market ‘hardening but not yet hard’: Willis

Operators could be forced to increase retentions or reduce their programme limits.

Samuel Casey, September 17, 2019
D&O: Data shows risk appetite shift accelerating

The level of restructuring of coverage in the quarter and the breakdown of price increases by month point to a change in risk appetite.

Inside P&C team, September 17, 2019

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