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Global insurance, most read

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Global insurance, most read

Most-read stories for the week include stories on Lloyd's of London's continuing crackdown on unprofitable business and syndicates and a Puerto Rico insurer asking its regulator to commence a voluntary rehabilitation.

Average year for insurance carrier M&A remains achievable, if less likely

Insurance carriers struggled to keep pace with a virtually impossible comparison in M&A activity during the first four months of 2019.

Life insurers accelerate surplus note issuance pace

U.S. life insurers are well on their way to exceeding their 2018 level of issuance of surplus notes, the unsecured, deeply subordinated, debt-like instruments used by some insurance companies as a source of capital.

Consumers increasingly turning to combination products for long-term care needs

The ranks of U.S. insurers offering individual long-term care policies shrank further in 2018, as sales of so-called acceleration products continued to expand.

Exits and cutbacks as Lloyd's of London profit crackdown takes hold

Some of the least profitable syndicates and managing agents at Lloyd's of London are cutting back what they underwrite, and some have even exited the market altogether in response to the market's continuing drive for better performance. But others are finding opportunities to grow.

Hurricane-hit Puerto Rico insurer requests rehabilitation as surplus erodes

A Puerto Rico-based auto and commercial property insurer stricken by fallout from hurricanes Irma and Maria has asked its regulator to commence a voluntary rehabilitation as it continues post-storm efforts to collect $56.1 million in disputed reinsurance.