Gallagher’s Weyman: Direct aviation remains buyer’s market amid surplus capacitySurplus capacity remains in the direct aviation market despite the backdrop of high-profile losses suffered by (re)insurers in recent years, according to Gallagher Aerospace global executive Nigel Weyman.
In recent years both insurers’ and reinsurers’ return on equity have dipped, while the top five reinsurance intermediaries have performed strongly. This is not sustainable.Andrew Matson, CEO of Augment Risk, speaking after its hire of Alan Quilter
Engle Martin’s Beene says TPA industry “booming” with MGA, E&S market explosion TVEngle Martin’s president has said the flow of business into the MGA channel means the claims outsourcing business is “booming”, citing the transportation, construction and renewables segments as providing the most opportunity.
TV The Insurer TVClimateClimate change forces a review of how to profitably underwrite business: RPS’ NadlerThe year has seen unprecedented weather events that are making climate change hard to deny, according to Risk Placement Services’ Christa Nadler. The climate conditions are also forcing insurers to review how to profitably underwrite business, the executive told The Insurer TV at the WSIA Annual Marketplace 2023.Fri 29 Sep 2023
TV The Insurer TVMarket dataCRC’s Kessler: Data has enabled delivery of exclusive capacity to retail clientsCRC Group’s focus on gathering data around loss exposure across its portfolio has enabled it to deliver exclusive capacity to its retail clients, according to the firm’s president and COO Neil Kessler.Fri 29 Sep 2023
TV The Insurer TVTechnologyOIP: Tech tailored for the E&S industrySpeaking to The Insurer TV on the sidelines of WSIA Annual Marketplace 2023 recently, OIP’s president and CEO Martina Seferovic explained how clients can utilise technology like artificial intelligence, and OIP Robotics – the firm’s specialty lines insurtech – to boost efficiency.Fri 29 Sep 2023
TV News in FocusWSIARPS’ Manny Cho: Buyer’s market in ML/PL to continue for foreseeable futureAn abundance of capacity means the current softening conditions in segments of management and professional liability – led by sharp declines in public D&O pricing – are likely to persist, according to Manny Cho, executive vice president for executive lines at Risk Placement Services.Thu 21 Sep 2023