Guy Carpenter reports on renewals period

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  • An earlier start to the renewals
  • Slower and more complicated quoting process
  • Rigorous contract reviews
  • Later-than-average signing process
  • Significant pricing pressure for loss-impacted programs
  • Pricing for loss-free programs in line with expectations
  • A varied renewal experience depending on underlying portfolio exposures and performance

“2020 has been a year like no other,” said Peter Hearn, CEO of Guy Carpenter. “It has seen our industry take the strain of unparalleled uncertainty in the loss environment and the broader economy, all while working under conditions throughout the year we have never experienced. Yet despite these pressures,

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Lloyd’s closes door on underwriting floor

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With COVID-19 cases spiralling out of control across the UK, Prime Minister Boris Johnson announced a new national lockdown late Monday – overriding the previous tier-based local lockdown system – and its impact has already been felt by the insurance industry.

Lloyd’s of London has taken the decision to close its underwriting floor because of the lockdown, as reported by Reuters. The move is in contrast to its action during the last national lockdown in November – which saw it keep the underwriting floor open for one day a week, on Wednesdays. However, it is in keeping with its

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BMS expands into Asian market

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Sandra Lee has been appointed CEO of BMS Asia. She will be joined by Martijn de Lange and Aris Wong, managing directors in the regional private equity, M&A and taxation operation, and Amy Fu, as executive director in Singapore.

Lee has over 16 years of legal and insurance experience, having extensively advised leading international private equity and corporate investors on the legal aspects of their M&A transactions, as well as placement of various M&A insurance solutions.

“This is the latest stage in our strategy to provide our clients with a competitive and diverse, globally integrated offering by establishing scalable hubs

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In One Montana City, Masks Guidelines Differ By The Enterprise.

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First, do not embrace your long-tail key phrase more than three or four instances throughout the web page. … Read More