News in Focus

Undercurrents: Still “gas in the tank” for fronting carriers to increase MGA participation

In the latest article in The Insurer’s Undercurrents series, author William Pitt delves into the rapid expansion of the MGA sector, saying there’s still “gas in the tank” for fronting carriers to allocate more capacity to the sector.

MS Amlin’s Burke: Casualty push will help grow our Lloyd’s capacity to £2.5bn

MS Amlin is aiming to grow its Lloyd’s capacity by £500mn ($617mn) over the next five years as part of a broader London growth drive by parent Mitsui Sumitomo.

US insurers face losing attorney-client privilege over claims advice

Michael Young, partner at Reichardt Noce & Young, has warned that US insurers increasingly face the threat of losing their attorney-client privilege if their lawyers are perceived to have acted as claims professionals.

Ram: Coalition “fundamentally disagrees” that cyber risk is uninsurable

Coalition’s head of insurance Shawn Ram has pushed back on the perception that cyber risk is uninsurable, arguing that there is a “misunderstanding” of the class in some corners while also touting his firm’s ability to model cyber risk as a differentiator.

Emerald Bay bullish on writing over $130mn in 2024

Recently launched Emerald Bay Risk Solutions has big plans for its first year of operations, with the firm targeting over $130mn in GWP and up to 10 programs already in place to help the business “hit the ground running”.

CVP’s Jonathan Crystal: Current insurtech funding environment “a tale of two cities”

ManchesterStory’s Gross says current insurtech investor market approaching “normalisation”

Ascot’s Kirkby: Capacity returns to downstream energy sector despite losses

Root CEO Timm: Tech advantage becoming clear with strong results in recent quarters

OMERS Ventures’ Wechsler: Insurtech failures are “healthy part of the ecosystem”

Hippo’s McCathron: Insurtech ready to “go on offence” with sights set on H2 profitability

Lloyd’s Neal: Baltimore bridge “could be biggest marine industry loss”

Ledgebrook raises $24mn in AFV-led Series A to support E&S expansion

RenRe’s Manson: Industry is actively collaborating to address climate concerns

Teneo’s Kajiwara: Insurers should be aware that peaceful transition of power in the US is not guaranteed

Undercurrents: William Pitt on the battle for talent between MGAs and traditional carriers

SiriusPoint’s Egan rules out future MGA equity investments in “underwriting first” strategy

Axis’ Tizzio: Bermuda-Lloyd’s “similarities greater than the differences”

Dunleavy: Aspen has “strong ambition” to post top-quartile results

Tiernan: Lloyd’s aiming to build ecosystem to insure energy of the future

Pool Re’s Clementi: Industry must “face into systemic risk” in conjunction with government

Researcher warns insurers using GenAI and LLMs to beware “feedback loop of wrongness”

Pool Re’s Clementi calls for member backing on “top priority” treaty shift

BDA CEO Hart: Bermuda Risk Summit hits new heights

Bermuda’s Premier Burt: CIT plus reduction of existing taxes keeps Bermuda competitive

Arch’s Grandisson on the view from the “penthouse”

Piper Sandler’s Butler: Specialisation key to IPO success as investors seek to avoid volatility

Engle Martin’s Beene says TPA industry “booming” with MGA, E&S market explosion

Argo’s Corry: Casualty remains disciplined with continued rate increases needed

Axa XL’s Lee: Carriers remain cautious on E&S property despite profitable 2023

ISC’s Grossberg: MGA platform “would love to stay independent” ahead of sale process

B&W’s Danny Kaufman: Intermediary targeting mid-to-high teens growth in ’24

Coaction’s Ritz: No timeline on IPO as private ownership has fuelled turnaround

CRC’s Kessler on M&A: “We’re ready to get back into that game, big time”

RT’s Brenda Austenfeld: Fatigue rising among US property buyers

Pool Re’s Clementi: Industry must “face into systemic risk” in conjunction with government

Researcher warns insurers using GenAI and LLMs to beware “feedback loop of wrongness”

Pool Re’s Clementi calls for member backing on “top priority” treaty shift

BDA CEO Hart: Bermuda Risk Summit hits new heights

Bermuda’s Premier Burt: CIT plus reduction of existing taxes keeps Bermuda competitive

Arch’s Grandisson on the view from the “penthouse”

Piper Sandler’s Butler: Specialisation key to IPO success as investors seek to avoid volatility

Engle Martin’s Beene says TPA industry “booming” with MGA, E&S market explosion

Argo’s Corry: Casualty remains disciplined with continued rate increases needed

Axa XL’s Lee: Carriers remain cautious on E&S property despite profitable 2023

ISC’s Grossberg: MGA platform “would love to stay independent” ahead of sale process

B&W’s Danny Kaufman: Intermediary targeting mid-to-high teens growth in ’24

Coaction’s Ritz: No timeline on IPO as private ownership has fuelled turnaround

CRC’s Kessler on M&A: “We’re ready to get back into that game, big time”

RT’s Brenda Austenfeld: Fatigue rising among US property buyers

IAP’s Ursano predicts “up to 10” new reciprocal exchange launches amid high valuations

K2’s Rich: Cat bond pricing softer on new issuance, for now

Google Cloud’s Shokrai: Cloud is safer for insurers than on-prem infrastructure

Swiss Re’s Holzheu: Litigation financiers widening the US protection gap

Pondurance CEO: MDR tools critical to mitigating lag in breach response times

Michael Loney introduces Cyber Risk Insurer!

Cowbell’s Le and Thompson: Threat actors heightening their focus on “quality” of data

CyberCube’s Millaire: Cyber modelling transformed from being “interesting” to “useful”

Elpha Secure’s Malin: Rise in cyber ILS transactions illustrates need for more capacity

MOXFIVE CEO: Strong incident response means giving clients a sense of “control”

Researchers renew calls for a Cat 6 on the Saffir-Simpson wind scale

William Pitt: Cyber set to light touch points between underwriter and insured

JKJ’s Bretschneider: Greater “duty of care” awareness needed for email compromise

At-Bay’s Crocker: SMEs remain “target-rich environment” as insurtech touts MDR

NetDiligence highlights LatAm market at Miami Beach cyber risk conference

Surefire CEO: Recent surge in threat activity “helpful indicator” for potential cat event

K2 Cyber’s Hannes: New MGA starting with “blank slate” and power of existing platform

Fenix 24’s Renfrow and Grazman: Threat actors “not providing same level of service”

KBW’s Satkauskas: 2023 was “phenomenal” year for Europe’s reinsurers

PierFerd’s Panensky says newly-launched law firm offers “happiness” and “freedom”

Tokio Marine’s Ingerslev: 2022 lull in cyber threat activity was “anomaly”

Denèfle: One ship sinking will be all it takes for Red Sea rate spike

Q4 themes: favourable outcomes for personal lines, concerns around casualty

Tufts’ Wolff: Insurers grapple with getting cybersecurity right

Burford Capital’s Lundberg: Social inflation and nuclear verdicts are “sneaky and undemocratic” industry terms

Oxbow’s Versi: Carbon credit market to reach $1bn in premium by 2030

Swiss Re’s Haegeli: (Re)insurers finally “coming out of a period of financial repression”

Lloyd’s Keese & Potter: Deep-rooted challenges around attracting capital are not insurmountable

MRTL on weather derivatives: a quarter century old, but coming into their own

Lloyd’s CFO: London Bridge 2 capacity to surpass £1.5bn in 2024

Undercurrents: Still “gas in the tank” for fronting carriers to increase MGA participation

MS Amlin’s Burke: Casualty push will help grow our Lloyd’s capacity to £2.5bn

US insurers face losing attorney-client privilege over claims advice

Ram: Coalition “fundamentally disagrees” that cyber risk is uninsurable

Emerald Bay bullish on writing over $130mn in 2024

Undercurrents: Still “gas in the tank” for fronting carriers to increase MGA participation

MS Amlin’s Burke: Casualty push will help grow our Lloyd’s capacity to £2.5bn

US insurers face losing attorney-client privilege over claims advice

Ram: Coalition “fundamentally disagrees” that cyber risk is uninsurable

Emerald Bay bullish on writing over $130mn in 2024

Coalition’s Ram: Insurtech feels no pressure to maintain lofty but “warranted” valuation

Novatae’s Kerr: Bretton Wood deal will help us seize Lloyd’s opportunity

RenRe’s Walden: Casualty in an “interesting place” as uncertainty drives market reaction

BMS Re’s Curry: “Data rich” incumbents have an advantage in being able to leverage AI

InsurTech NY founders: Group aiming to provide “ecosystem” to foster community

Lessons from 1.4: Gallagher Re’s James Vickers on the outlook for reinsurers and buyers at upcoming renewals

Counterpart CEO Hackett: Leveraging AI is critical to picking up “signals” in claims data

Ascend’s Wynn: Payments insurtech seeing adoption driven by PE push for efficiency

FTI Consulting’s O’Brien: “Consolidation of consolidators” tops M&A theme barometer

GC’s Aronchick: Reinsurers more focused on driving UW value than equity returns

More Videos

CVP’s Jonathan Crystal: Current insurtech funding environment “a tale of two cities”

ManchesterStory’s Gross says current insurtech investor market approaching “normalisation”

Ascot’s Kirkby: Capacity returns to downstream energy sector despite losses

Root CEO Timm: Tech advantage becoming clear with strong results in recent quarters

OMERS Ventures’ Wechsler: Insurtech failures are “healthy part of the ecosystem”

Hippo’s McCathron: Insurtech ready to “go on offence” with sights set on H2 profitability

Lloyd’s Neal: Baltimore bridge “could be biggest marine industry loss”

Ledgebrook raises $24mn in AFV-led Series A to support E&S expansion

RenRe’s Manson: Industry is actively collaborating to address climate concerns

Teneo’s Kajiwara: Insurers should be aware that peaceful transition of power in the US is not guaranteed

Undercurrents: William Pitt on the battle for talent between MGAs and traditional carriers

SiriusPoint’s Egan rules out future MGA equity investments in “underwriting first” strategy

Axis’ Tizzio: Bermuda-Lloyd’s “similarities greater than the differences”

Dunleavy: Aspen has “strong ambition” to post top-quartile results

Tiernan: Lloyd’s aiming to build ecosystem to insure energy of the future

Pool Re’s Clementi: Industry must “face into systemic risk” in conjunction with government

Researcher warns insurers using GenAI and LLMs to beware “feedback loop of wrongness”

Pool Re’s Clementi calls for member backing on “top priority” treaty shift

BDA CEO Hart: Bermuda Risk Summit hits new heights

Bermuda’s Premier Burt: CIT plus reduction of existing taxes keeps Bermuda competitive

Arch’s Grandisson on the view from the “penthouse”

Piper Sandler’s Butler: Specialisation key to IPO success as investors seek to avoid volatility

Engle Martin’s Beene says TPA industry “booming” with MGA, E&S market explosion

Argo’s Corry: Casualty remains disciplined with continued rate increases needed

Axa XL’s Lee: Carriers remain cautious on E&S property despite profitable 2023

ISC’s Grossberg: MGA platform “would love to stay independent” ahead of sale process

B&W’s Danny Kaufman: Intermediary targeting mid-to-high teens growth in ’24

Coaction’s Ritz: No timeline on IPO as private ownership has fuelled turnaround

CRC’s Kessler on M&A: “We’re ready to get back into that game, big time”

RT’s Brenda Austenfeld: Fatigue rising among US property buyers

Pool Re’s Clementi: Industry must “face into systemic risk” in conjunction with government

Researcher warns insurers using GenAI and LLMs to beware “feedback loop of wrongness”

Pool Re’s Clementi calls for member backing on “top priority” treaty shift

BDA CEO Hart: Bermuda Risk Summit hits new heights

Bermuda’s Premier Burt: CIT plus reduction of existing taxes keeps Bermuda competitive

Arch’s Grandisson on the view from the “penthouse”

Piper Sandler’s Butler: Specialisation key to IPO success as investors seek to avoid volatility

Engle Martin’s Beene says TPA industry “booming” with MGA, E&S market explosion

Argo’s Corry: Casualty remains disciplined with continued rate increases needed

Axa XL’s Lee: Carriers remain cautious on E&S property despite profitable 2023

ISC’s Grossberg: MGA platform “would love to stay independent” ahead of sale process

B&W’s Danny Kaufman: Intermediary targeting mid-to-high teens growth in ’24

Coaction’s Ritz: No timeline on IPO as private ownership has fuelled turnaround

CRC’s Kessler on M&A: “We’re ready to get back into that game, big time”

RT’s Brenda Austenfeld: Fatigue rising among US property buyers

IAP’s Ursano predicts “up to 10” new reciprocal exchange launches amid high valuations

K2’s Rich: Cat bond pricing softer on new issuance, for now

Google Cloud’s Shokrai: Cloud is safer for insurers than on-prem infrastructure

Swiss Re’s Holzheu: Litigation financiers widening the US protection gap

Pondurance CEO: MDR tools critical to mitigating lag in breach response times

Michael Loney introduces Cyber Risk Insurer!

Cowbell’s Le and Thompson: Threat actors heightening their focus on “quality” of data

CyberCube’s Millaire: Cyber modelling transformed from being “interesting” to “useful”

Elpha Secure’s Malin: Rise in cyber ILS transactions illustrates need for more capacity

MOXFIVE CEO: Strong incident response means giving clients a sense of “control”

Researchers renew calls for a Cat 6 on the Saffir-Simpson wind scale

William Pitt: Cyber set to light touch points between underwriter and insured

JKJ’s Bretschneider: Greater “duty of care” awareness needed for email compromise