The insurance commentary blog is a place for Lloyd's experts to write about issues affecting the market.
Posted by Garry Booth on Wednesday, October 28th, 2009 at 11:41 am
The picturesque German spa town hosts the pre-renewal reinsurance congress at the end of October every year. It’s a great big talking shop, much like the Monte Carlo Rendez-vous in September – but the temperature is cooler and mood is more business like.
The usual Baden scene is of executives with collars turned up against driving [...]
Tags: Baden-Baden, Renewals
Posted by Garry Booth on Friday, October 9th, 2009 at 11:36 am
Insurance rates for Directors’ and Officers’ coverage tell you a lot about what’s happening in different sectors of the economy. In its recent quarterly market overview for US business, Aon found that D&O rates for financial institutions are increasing significantly: capacity is shrinking and coverage terms are tightening.
On the other hand, the market for all [...]
Tags: Renewals
Posted by Garry Booth on Thursday, July 2nd, 2009 at 12:47 pm
Midway through the year and the reinsurance business appears to be running smoothly, according to broker reports. Willis Re says that there was sufficient capacity in virtually all areas and a ‘reasonably orderly’ rating environment at the July 1 reinsurance renewals.
Greater stability in the reinsurance market produced by signs of recovery in the financial markets, [...]
Tags: Reinsurance, Renewals
Posted by Garry Booth on Friday, December 19th, 2008 at 9:09 am
Insurers and reinsurance industry bosses should be thinking about their New Year’s resolutions. They will probably go something like this:
Tags: Renewals
Posted by Garry Booth on Wednesday, October 29th, 2008 at 5:35 pm
Talk about climate change! Here in Baden-Baden it’s rained more or less continuously throughout the reinsurance congress. No-one seems that surprised or bothered. Everyone is preoccupied. Reinsurers, cedants and brokers trek through the park in the centre of town, collars turned up on their overcoats, oblivious to the heron stock still in the swollen river [...]
Tags: Baden-Baden, Reinsurance, Renewals
Posted by Garry Booth on Thursday, October 23rd, 2008 at 4:08 pm
If Monte Carlo is the place where the risk professionals put on their polo shirts and swap market gossip in the sunshine, Baden-Baden is where they roll their sleeves up and get down to the nitty gritty of business.
It must be a strange sight for any unsuspecting “civilian” arriving in the pretty German spa town [...]
Tags: Baden-Baden, Renewals
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