The first half of 2025 has served as a wake-up call for the retail industry. A wave of cyber incidents targeting high-profile retail brands such as Marks & Spencer, Victoria’s Secret, Cartier, and The North Face revealed alarming variations in crisis preparedness, incident response, and resilience. These breaches weren’t just inconvenient; they were disruptive, attracted … Continued
From the desk of Ryan Hill, Head of Property, Price Forbes Bermuda Market Update & Emerging Trends Off the back of strong 2024 underwriting results, we noticed that carriers entered the year with ambitious, double-digit growth targets. With Q1 being a low volume quarter, we started to see acceleration in Q2. Despite there being limited … Continued
Market Update & Emerging Trends The Bermuda insurance market continues to demonstrate its strategic relevance across multiple specialty lines, with evolving dynamics shaping both underwriting appetite and client engagement. In Q2, we observed continued but slowing rate reductions in certain product lines. In parallel, increased scrutiny influenced other areas of the market driven by macroeconomic, … Continued
Market Update & Emerging Trends We remain in a hardening market where rates have been going up at least 10%, even for the cleanest of accounts. This, coupled with a notable pullback in capacity from US domestic carriers, is creating significant new opportunities for brokers looking to Bermuda for solutions. In this environment, creative programme … Continued
Price Forbes today announces the further expansion of its exclusive cross-class facility, Lectio, to include construction/builders risk coverage. Lectio will automatically follow pre-approved Lloyd’s leaders across placements for short period construction within the US, Canada and Australia. Price Forbes launched Lectio in April 2021 and at that time, covered cargo, specie, financial products, healthcare and … Continued
On 11 June a landmark judgement was made in the UK High court that ruled that the losses incurred by lessors as a result of the aircraft seized by Russia following the invasion of Ukraine, were to be covered under Hull War policies as opposed to Hull All Risks. The following article looks at what … Continued
Price Forbes announces that Suvimol Sathanart has been appointed as head of property, Asia, effective immediately. She will be based in Singapore and report to chief broking officer Julian Coates. Sathanart will be responsible for the growth and development of Price Forbes’ Asia-Pacific property business. She brings more than 20 years of non-life insurance experience … Continued
Rising claims and geopolitical risks clash with fierce market competition, leaving premiums delicately balanced as the renewal season approaches. What will give first? Airline Insurance Market Update Influenced by a variety of factors, in May 2025 airline insurance market conditions remain delicately balanced. Recent losses have prompted some insurers to push for premium increases, although … Continued
Price Forbes announces that David Howells has been appointed to the role of Senior Executive Officer (SEO), Price Forbes Dubai. This role is subject to regulatory approval from the Dubai Financial Services Authority. Howells joins from Roanoke International Brokers, MENA, where he held the role of SEO. Prior to that, Howells served in various roles … Continued
As we wrap up Q1 2025, the Bermuda Professional and Financial Lines market showcases a dynamic and evolving landscape.