Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline, according to a survey completed by Xuber, the insurance software business …
The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may struggle to halt the slide when …
Lloyd’s CEO Richard Ward is stepping down from the post at the end of the year. Despite the catastrophes of 2005 and 2011, the two costliest years in the industry’s history, as well as the financial crisis, he leaves Lloyd’s …
Investors in Third Point Reinsurance Ltd.’s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They’re also taking on risk from an unprofitable underwriting operation. The sale could raise as much as $322.2 million and price today, …
With inadequate pricing levels for commercial lines, low interest rates and severe catastrophe losses, it’s high time insurers focus on underwriting discipline, said a veteran insurance executive. Mario Vitale, co-chief executive officer of Aspen Insurance, said more and more insurers …
