Florida under review: ‘social inflation’ fears drive repricing demands
The impact of Hurricane Irma loss creep is coming to the fore ahead of the June renewals.
Analysis
Florida lawmakers tackle AOB reform
Both houses of the state legislature are eyeing up reform of attorney fees involved in litigated insurance claims.
Irma creep continues as Floridians bounce back from Michael
Q4 loss creep from Hurricane Irma averaged 25 percent amongst the state’s five listed insurers.
Japanese ILW rates up ahead of April renewal
New aggregate demand from Japanese cedants may also present opportunities for ILS markets.
Axis and RenRe continue expanding third-party support
Both Axis and RenaissanceRe significantly lifted fee income from third-party partners in 2018 as increased volumes and reinstatement income drove more business to be transferred to ILS partners.
MSI extends majority ownership of Leadenhall amid transfer
Mitsui Sumitomo Insurance (MSI) now owns 80 percent of Leadenhall Capital Partners after taking over the holding from its international subsidiary MS Amlin.
Jebi and wildfires lead surprise losses of 2018
A diverse loss year produced steeper wildfire and typhoon losses than initially estimated.
Florida renewals: Irma rebound set to create tension
Hopes for significant rate increases are building.
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