Howden says risk 'reset' drives cat rates up 9% at 1.1
European loss experience drove the firm’s index back in line with 2014 levels.
Source: insuranceinsider.com
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IG confirms 2022 contract structure with 'significant' rate increases
The landmark reinsurance contract provides protection and indemnity coverage for around 90% of ocean-going tonnage.
Source: insuranceinsider.com
FCA gives more power to senior managers in decision-making reform
Senior managers will be able to use the FCA’s powers to vary or limit a firm’s permissions and impose requirements.
Source: insuranceinsider.com
Lloyd's business architect Williams heads to MS Amlin Underwriting
Neil Williams, who spent more than eight years at Lloyd’s, will join the carrier in January.
Source: insuranceinsider.com
Construction reaches profitability after longest soft market 'in living memory'
The market has seen four years of significant compound rate rises triggered by heavy loss experience and contracting capacity.
Source: insuranceinsider.com