Content from L.S. Howard
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
The rollout of the Lloyd's cyber war exclusions has received considerable criticism for the chaos and confusion caused in the weeks leading up to the March 31 effective date. But there are some ...
Swiss Re Returns to Q1 Profit, Driven by Adequate Pricing, Higher Investment Results
Swiss Re swung back to a first-quarter profit, reporting net income of $643 million compared with a loss of $248 million for the prior-year period. "Profitability improved in all our main businesses, ...
MGA Aspect Labs Opens for Business, Backed by Everest Re and AmTrust
Aspect Labs Ltd., the London-based managing general agent, has officially opened its doors for business, targeting small to mid-market risks that are not big enough for Lloyd's of London. Initially ...
High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022: Swiss Re
High inflation alone led to an increase in property/casualty claims of 5-7.5 percent across five key markets in 2022, according to Swiss Re research. "In 2023, we expect that inflation should lead to ...
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re
Natural disasters in 2022 brought global economic losses of $275 billion, of which insurance covered 45 percent, or $125 billion, according to Swiss Re's latest sigma report. Claims from Hurricane ...
Insured Losses From New Zealand Floods Estimated at $1.02B, With Profit Hit Expected
The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent Zurich-based organization ...
Lloyd’s 2022 Underwriting Results ‘Strong’ Despite Bottom-Line Red Ink
Lloyd's reported an interim full-year 2022 loss before tax of $947.6 million (£800 million ) as a result of investment losses of approximately $3.6 billion (£3 billion). This compares to a profit ...
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Trium Cyber is the industry's first Lloyd's-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full-stack surplus lines insurer has joined the ranks of ...