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Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change
Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed, broker Aon reveals that more than 60% of 2020's ...
Independent Brokers Will Remain Competitive by Adding Value to the Insurance Transaction
The COVID-19 crisis has highlighted the need for brokers to add value to the insurance transaction, according to Toby Esser, chairman of AFL Insurance Brokers, a London-based independent broker. ...
What Distinguishes This Market? Here’s Lockton Re Leaders’ Insights
Lockton Re's Tim Gardner, global CEO, and Ross Howard, global chairman, have been through their share of hard markets. Like many in the reinsurance business, they agree no two hard markets are ...
How Insurance Industry Might Respond if a Pandemic Is an Act of Terror
Imagine a scenario where COVID-19 was manufactured in a lab and was released as an act of terror. Tracey Gibbons, senior vice present, Underwriting, at Third Point Re, considers this possibility ...
Prediction: Coronavirus Will Have Severe Impact on Social Inflation
Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has ...
What Is the No. 1 Emerging Litigation Risk? ‘Forever Chemicals,’ Says Praedicat
The top emerging litigation risk identified for the year ahead is PFAS, the so-called "forever chemicals" used in a wide variety of products such as Teflon, Scotchgard, food containers, firefighting ...
Casualty Re ‘Rational’ Despite Likely COVID Whiplash on Social Inflation
A COVID-driven deflation in lawsuit trends is giving reinsurance brokers ammunition to achieve better outcomes for their clients in a hardening casualty reinsurance market, according to an Aon ...
Casualty Reinsurance Demand Rises in North America Despite Hardening Primary Rates: Willis Re
Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance is increasing, said Chirag Shah, executive vice ...