Brexit begins to change dynamics but London company market delivers 16% premium rise

Brexit begins to change dynamics but London company market delivers 16% premium rise

Brexit begins to change dynamics but London company market delivers 16% premium rise

No dominant post-Brexit hub is emerging for London company firms, as the market delivered a 16% premium jump in 2017 and its statistics begin to reflect changing dynamics bought about by the UK’s EU exit, according to a report by the International Underwriting Association (IUA)…

US property/casualty insurers double income for first half of 2018

US property/casualty insurers double income for first half of 2018

US property/casualty insurers double income for first half of 2018

The first half of 2018 has seen private US property/casualty insurers more than double their net income, according to ISO and the Property Casualty Insurers Association of America (PCI). The insurers saw their net income after taxes increase to $34bn in the first half of 2018 from $15.5bn in the first half of 2017, with the help of lower catastrophe…

London market insurers’ profits under pressure says Fitch, as rates stay flat

London market insurers’ profits under pressure says Fitch, as rates stay flat

London market insurers’ profits under pressure says Fitch, as rates stay flat

The profitability of London market insurers is expected to remain under pressure in 2018, according to Fitch Ratings, due to the “difficult pricing environment”. The ratings agency said that pricing in the London market remains under pressure due to excess capacity fuelling competition, despite rate increases following H2-17 catastrophe losses. At the same time, expense ratios remain high and reserve…

Willis Towers Watson appoints western Europe head of FINEX

Willis Towers Watson appoints western Europe head of FINEX

Willis Towers Watson appoints western Europe head of FINEX

Willis Towers Watson has appointed Elke Vagenende as head of western Europe for FINEX, its financial, executive and professional risks unit. Ms Vagenende joins Willis after six years at AGCS, most recently as head of market management. In her new role, Ms Vagenende will be based in London, working closely with global FINEX specialists and risk advisers across western Europe.…

Global programme technology solutions launched by Brokerslink

Global programme technology solutions launched by Brokerslink

Global programme technology solutions launched by Brokerslink

Brokerslink has launched two new technology solutions designed to support independent brokers in delivering competitive global insurance programmes. The solutions will facilitate the management and delivery of multinational insurance programmes and further enhance business opportunities for Brokerslink’s network of independent brokers and their multinational clients in more than 100 countries. The first solution is a multinational client management tool called…

Latin American and Caribbean economies growing but must manage risks, says World Bank

Latin American and Caribbean economies growing but must manage risks, says World Bank

Latin American and Caribbean economies growing but must manage risks, says World Bank

The economies of Latin America and the Caribbean are growing again after a number of difficult years, but the fragile recovery highlights the need to increase efforts to build resilience and manage risks, according to a new report from the World Bank. The report, From Known Unknowns to Black Swans: How to Manage Risk in Latin America and the Caribbean,…

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