Insurance & Reinsurance
Willis: “Aggregate losses for Q3 likely to reach US$100bn”
Bill Dubinksy, Head of ILS at WTW says the securities are delivering disaster relief “where it is vitally needed” […]
Lloyd’s/London Market
Insurance & Reinsurance
2017 hurricanes & wildfires: Reinsurance reinstatements could run out by year end, says CMS
Simon Kilgour, CMS: “In the pressure to maximise reinsurance recoveries some disputes about erosion of limits and reinstatement are possible.“ […]
InsureTech
Lloyd’s push for primary drone legislation in UK
The Lloyd’s Market Association suggested that the introduction of primary legislation would be necessary in order to align the regulation of drone operation with those of manned aircraft […]
Insurance & Reinsurance
Qatar Re rolls out Adsensa document analysis software
Rather than physically reviewing a 90-page policy line by line, Match instantly highlights a clause or word added or removed, allowing underwriters to apply their judgement to the renewal […]
Lloyd's/London Market
Adsensa enhances MRC Capture
Software provider Adsensa has introduced a newly enhanced MRC Capture solution, helping underwriters streamline operations and enhance data quality to reduce overall workload and improve productivity. […]
Legal
Could ADR have protected Lloyd’s in battle against the Rolling Stones?
The way disputes are resolved has changed significantly in recent years, and as the Rolling Stones case highlights, clients and lawyers should think carefully about their options before jumping straight into court proceedings. […]
Global insurance trends
London in danger of slipping back in global insurance league table says LMG Chairman
At its best this market provides a unique and unrivalled service to our customers. We provide solutions to their problems in a way that no other insurance centre or capital market can do. We provide help when they most need it. But there is increasing evidence that London’s position in the global industry is slipping. So I want to use the unique cross-market vehicle that LMG is to understand why that is, to understand our customers’ needs better and then do something about the issues we have. […]
Global insurance trends
Lloyd’s emerging market expansion given thumbs up
The Lloyd’s insurance market’s planned expansion into emerging markets is a net positive, even though writing insurance outside of established markets carries additional risks, according to Fitch Ratings.
Fitch said it expects the economic development of emerging market economies to boost demand for insurance and reinsurance. Lloyd’s already writes 25% of its business outside of Europe and North America, with the growth of insurance premiums outpacing that of developed markets. […]