L.S. Howard

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So far L.S. Howard has created 467 blog entries.
27 01, 2023

January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle

By | January 27th, 2023|Uncategorized|Comments Off on January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle

The most challenging January reinsurance renewals in nearly two decades saw global property catastrophe rate increases of 25% to 60% with loss-affected clients seeing even higher prices, according to John Doyle, president and chief executive officer of Marsh McLennan Cos. …

29 12, 2022

Top 10 International Insurance Journal Stories of 2022

By | December 29th, 2022|Uncategorized|Comments Off on Top 10 International Insurance Journal Stories of 2022

As we reach the end of another eventful year, Insurance Journal takes a look back at some of the top International stories, which were, of course, dominated by the Russia-Ukraine war. Three of the top 10 articles for the year …

16 12, 2022

Could G-7 Sanctions Against Russia Have Unintended Consequences?

By | December 16th, 2022|Uncategorized|Comments Off on Could G-7 Sanctions Against Russia Have Unintended Consequences?

The G-7 sanctions on Russian oil, which include a $60 per barrel price cap and restrictions on key services such as insurance, may have unintended consequences, according to a maritime insurance specialist. One of those consequences is the possible creation …

31 08, 2022

Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P

By | August 31st, 2022|Uncategorized|Comments Off on Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P

The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers to adopt divergent strategies – either diving in to write more business at higher premiums or reducing their exposure, according …

29 08, 2022

ILS Investors Could Help Fill Cyber Re/Insurance Protection Gap if Hurdles Are Overcome

By | August 29th, 2022|Uncategorized|Comments Off on ILS Investors Could Help Fill Cyber Re/Insurance Protection Gap if Hurdles Are Overcome

The cyber re/insurance protection gap provides an opportunity for insurance-linked securities (ILS) investors, which historically have filled the gaps where traditional capital has either retrenched or is unavailable, according to a report published by S&P Global Ratings. “The demand for …

29 07, 2022

Industry’s Blockchain Project, B3i, Has Become Insolvent and Ceased to Trade

By | July 29th, 2022|Uncategorized|Comments Off on Industry’s Blockchain Project, B3i, Has Become Insolvent and Ceased to Trade

The industry’s blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. “The directors, following consultation with the shareholders, have collectively concluded that there was not sufficient support to continue with the venture at this stage,” …

28 07, 2022

Reinsurer SCOR Reports H1 Loss of €239M Blamed on Ukraine War, Natural Disasters

By | July 28th, 2022|Uncategorized|Comments Off on Reinsurer SCOR Reports H1 Loss of €239M Blamed on Ukraine War, Natural Disasters

Reinsurer SCOR reported a first half loss attributed to the war in Ukraine, natural catastrophes and the severe drought in Brazil. The H1 loss of €239 million (US$242.6 million), compares with net income of €380 million (US$385.8 million) reported during …

24 06, 2022

Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc.

By | June 24th, 2022|Uncategorized|Comments Off on Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc.

The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss Re reminds re/insurers that there are new emerging risks …

17 05, 2022

Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey

By | May 17th, 2022|Uncategorized|Comments Off on Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey

Cyber attacks are now seen as the dominant risk for many businesses – ahead of the pandemic, economic downturn, skills shortages and other issues, according to a report published by Hiscox. For its Cyber Readiness Report 2022, Hiscox found that …

16 05, 2022

Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers

By | May 16th, 2022|Uncategorized|Comments Off on Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers

Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated natural catastrophe claims and a first round of claims reserves from the Russia-Ukraine war, according to Fitch Ratings in a …