LMG confident of UK captive consultation this year
The London Market Group (LMG) is confident that the UK will open its long-awaited consultation on an onshore captive regime…
Reinsurers call for casualty rate hikes and overhaul of claims practices
Reinsurers are calling for further casualty rate increases and a renewed focus on claims settlement practices to counter the effects…
Awbury plans Lloyd’s credit risk syndicate for 2025
A new Lloyd’s syndicate focused on credit risks will be able to commence underwriting from January next year after securing…
Francine insured losses less than $2bn: Moody’s
Insured losses from Hurricane Francine, which hit the Gulf coast of the US earlier this month, are estimated at between…
US commercial property rates record first decrease in 27 quarters
US commercial property insurance rates entered negative territory for the first time in 27 quarters, with a second-quarter average rate…
Reinsurance buyers look for rate relief on property cat exposures
Commercial reinsurance property rates have peaked as new capacity entered the market over the past year following sharp price hikes…
