Future-at-Lloyd’s Modernization Project Moves from Blueprint to Construction February 26, 2020 By L.S. Howard Since Lloyd’s first announced the blueprint for its Future at Lloyd’s project on Sept. 30, it has been busy working...
The Unique Requirements of a Lloyd’s Syndicate-in-a-Box February 4, 2020 By L.S. Howard Lloyd’s developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but...
Lloyd’s 1st Syndicate-in-a-Box, Operated by Munich Re, Aims to Be an Innovation Lab February 4, 2020 By L.S. Howard Lloyd’s of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization...
Is the Re/Insurance Industry Ready for the Fourth Industrial Revolution? January 29, 2020 By L.S. Howard Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to...
Natural Catastrophe Losses in 2019 Down 18% from Annual Average: Willis Re Report January 23, 2020 By L.S. Howard Insured losses from major natural catastrophes in 2019 totaled roughly $53.0 billion, about 18% lower than the annual average since...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say January 13, 2020 By L.S. Howard The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss...
Australia’s Bushfires Could Surpass 2009’s Costly Season; Analysts, Insurers Comment January 10, 2020 By L.S. Howard Australia’s bushfire season has months to run and could easily surpass the most costly fire season, 2009’s Black Saturday fires...
Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube January 9, 2020 By L.S. Howard The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime,...
Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re January 8, 2020 By L.S. Howard Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the...
BGC Insurance’s Aerospace Broker Rebrands as ‘Piiq Risk’ with Spate of Key Hires January 7, 2020 By L.S. Howard BGC Insurance Group (BGCI), a global broker and division of BGC Partners Inc., announced it has rebranded its global aerospace...