Video: Spotlight on UK Reinsurance

Spotlight: Roy Rogers

In this interview Roy Rogers, head of UK reinsurance at Willis Re, tells me that the dynamics of the UK reinsurance market differ depending on whether you’re looking at it from the perspective of the client or the market. Continue reading →

Changes to the Approved Persons Regime

personal responsibility

In response to the 2013 Parliamentary Commission on Banking Standards report, the current Approved Persons regime for banks is being replaced with a strengthened regime for regulating senior individuals. Continue reading →

The Status of Directors Under D&O Insurance Policies

director identity

Questions arise from time to time as to the status of the individual insureds under a D&O policy: Continue reading →

Terrorism in Kenya – Situation Update

Nairobi bombing May 16

The tempo, targeting and geographical extent of the terrorist threat in Kenya point to the prospect of further attacks (including abductions) in the short to medium term in spite of considerable counter-terrorism efforts by Kenya and the international community. Continue reading →

Video: Reinsurance Trends in Asia Pacific, Middle East, Turkey, and Africa

Spotlight: Maurice Williams

In this interview Maurice Williams, who is Managing Director of Willis Re for Asia Pacific, Middle East, Turkey and Africa (APMETA), outlines the dynamics driving the reinsurance markets in those regions. Continue reading →

U.S. Casualty Market Trends: Q1 2014

casualty-trends-Q1-2014_twin-peaks

Our auto and general liability rate trends for Q1 are bringing us back to the ‘90s—at least for those who remember the TV show Twin Peaks. We’re seeing twin peaks in our statistical analysis graphs, meaning there are two distinct … Continue reading →

Auto Liability Market Trends: Q1 2014

Auto Liability Market Trends: Q1 2014

Primary auto rate increases are averaging +2.7% countrywide, which continues a downward trend from +3.3% last quarter and +3.9% for the previous quarter and +4.4% a year ago. Continue reading →

Umbrella and Excess Liability Market Trends: Q1 2014

Umbrella Liability Market Trends: Q1 2014

Flat renewal and rate reductions were visible again in the umbrella marketplace. The average umbrella rate change was +2.1% compared with +2.8% last quarter and +4.3% a year ago. Continue reading →

General Liability Market Trends: Q1 2014

General Liability Market Trends: Q1 2014

Countrywide average primary general liability rate increases are at +2.5%, down from last quarter’s +3.2% and +4.4% last March. Average rates for national accounts dropped to +1.3% to +1.6% from about +3.0% in December 2013. Average rate increases are down … Continue reading →

Workers’ Compensation Market Trends: Q1 2014

Workers Compensation: Large Account

The average reported rate increase for Workers’ Compensation is approximately +5.0% on a countrywide basis, down about 2.5% compared with the average rate increase of 7.5% from our March 2013 report. Continue reading →