Guiding Your Next Big Move
Fronting carriers generally retain more flexibility to replace programs over time. However, insurers remain exposed to runoff liabilities, recoverables from reinsurers, and potential adverse reserve development following program termination. The effect on financial performance depends on factors including program concentration, operating results, and the adequacy of collateral arrangements and monitoring practices.
The implications extend beyond marine insurance. Tanker operators generally pass elevated war premiums on to charterers, who in turn incorporate…
“Understandably, ransomware generates headlines, and while we’re encouraged to see more organisations willing to walk away from extortion demands, our…
If you’re buying a new car, you may need full coverage auto insurance. If this is the case, the professionals…