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Latest Lloyd's & London Market News

Broker adoption of PPL rising sharply

Continued growth sees a sharp uptick as momentum for the system grows.

Ed Broking names new CEO

Andrew Draycott has been a member of Ed’s executive team since the company’s launch in 2016.

EY: P&C growth forecast weak, but all is not lost

Partnering further with InsurTechs and expanding their products’ value proposition are two recommendations for insurers.

VIBE Re launched with new CEO

Richard Milner leaves Axis Re to join VIBE as CEO of new reinsurance unit.

Beazley takes hit from California wildfires

Losses from last month will cost the re/insurer around $40m in net claims.

Global Risk Index 2019: Cyber threat growing for cities

Cities have $577bn of GDP at risk from nat cats, cyber attacks and civil conflicts in 2019, Cambridge Centre study reveals.

Marsh: prices continue to rise

Global pricing for insurers went up for the fourth consecutive quarter in Q3 2018.

London market 2019 outlook negative: Fitch Ratings

Fitch Ratings sets the UK non-life and London market outlook for 2019 to negative, although it’s not all bad news.

Cyber now key concern for D&O stakeholders

Cyber and data loss have overtaken regulatory concerns as top priority facing senior managers with GDPR worries.

Comments

Editor's comment: What does the future have in store?

Reaction's editor Andrew Putwain reflects on his experiences in the market thus far.

Senior reporter comment: After Brexit - FREE

It’s no exaggeration to say that in London on the morning of Friday June 24, there was an outbreak of grief, heartbreak and tears, following the news that Brexit had triumphed in the referendum and the UK was set to leave the EU.

Editor's comment: Protectionism and Brexit - FREE

Protectionism is about the worst enemy that re/insurance faces, aside from Armageddon at the hands of war or natural catastrophe.

Garry Booth comment: Future shock warning - FREE

Some of what Alvin Toffler, author of influential book Future Shock, said about society could be applied to the insurance industry’s state of mind.

Editor's comment: Reinsurers' sleight of hand - FREE

The cheating phase of reserve releases is well underway, but reinsurers' underlying RoEs are reaching new lows, David Benyon, editor of Reactions, writes.

Garry Booth comment: Benmosche bio on AIG - FREE

If Carl Icahn is looking for holiday reading he might consider ordering the recently released autobiography of the late Bob Benmosche, writes Garry Booth, Reactions' contributing editor.

Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

Garry Booth on 35 years of Reactions: 1981 and all that

Reactions’ launch in April 1981 was probably one of the most exciting things to have happened in the market for years, such was the slow pace of life in the reinsurance business at the time.

Editor's comment: Thirty five years of hurt

Welcome to the 35th birthday issue of Reactions magazine.

Interviews

Interview: Chris Cotterell of Safeonline

One of the first brokers to build a book of cyber business, Chris Cotterell explains that the cyber market has come full circle.

Insurers are wasting unstructured data - CSC, Xchanging

Unstructured and underused data may be a gold mine for re/insurers according to CSC and Xchanging.

Xceedance targets a new outsourcing model

Xceedance CEO Arun Valakrishnan highlights the wealth of Indian tech talent that re/insurance businesses are failing to employ.

Willis Re’s John Cavanagh: Time to buy more reinsurance

Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.

Nick Cook interview: The new face of BMS

BMS has undergone a comprehensive revamp – strategically and financially – since June last year. One year on, Reactions talks with BMS Group CEO Nick Cook to find out more about the ambitious five year strategy the broker is implementing.

Mike Krefta on Hiscox Re's changing strategy

Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.

Regime change: Pool Re's Julian Enoizi

Pool Re CEO Julian Enoizi spoke to Reactions about the new deal struck with the Treasury and the changes he is now driving through to modernise the UK'?s terrorism risk reinsurance pool.

Profiles: Top women in re/insurance

Profiles: Contrary to the diverse consumer base insurance serves, most industry C-suites are dominated by white, older men. Reactions speaks to some of the industry’s most renowned women as well as what can be done to get more women in the industry.

Interview: Novae - Off the to-buy list

Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.

Latest Issue

November 2018

 

In this month's Reactions

  • Mike McGavick interview
  • Baden Baden roundup
  • SIRC roundup
  • PCI roundup
  • Reactions North American Conference 
  • Reactions North American Awards
  • Aerospace 1/1 renewals
  • Solar power reinsurance

CLICK HERE TO READ THE LATEST ISSUE

 

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