Content from L.S. Howard
UK Broker Towergate Contributes to $31M Gallagher Lawsuit Settlement
The lawsuit filed by Arthur J. Gallagher against the former CEO of its international brokerage operation, David Ross, who defected to Towergate earlier in the year – has been settled for a payment ...
S&P: Cat Bond Market Set for More Double-Digit Growth
The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the increase in covered perils and the broadening of event definitions, according to a report ...
Public-Private Catastrophe Plan Could Boost UK’s Cyber Risk Resilience: Study
A public-private, cyber-catastrophe reinsurance arrangement would improve the UK's resilience against the growing threat of cyber risks in this interconnected world, according to a recently-released ...
Long-Term Stability of Reinsurance Market Questioned
The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading ...
Economic Losses From Natural Disasters Could Hit $750 Billion Annually in 15 Years: AIR Study
Economic losses from global natural catastrophes likely will triple over the next 15 years, unless steps are taken to reduce bad development choices, according to preliminary results of a catastrophe ...
The Changing of the Guard: Comparing the Old and New
Property/casualty insurance carriers say they won't be looking for carbon copies of the incumbent CEO when they seek out his or her potential replacement, but they're not looking for someone very ...
Carrier Demands Changing for Re Brokers, Says Aon Benfield’s Christian
The brokerage industry has changed "utterly and fundamentally" over the past 30 years from a risk transfer function to much more of an advisory role, according to Dominic Christian, executive ...
NAIC Working Group Recommends Bermuda as Qualified Jurisdiction
A working group of the National Association of Insurance Commissioners (NAIC) has recommended the Bermuda Monetary Authority (BMA) for approval as a "qualified jurisdiction" under the NAIC's ...