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Covea takes second shot at Scor takeover amid retro dispute
The mutual’s approach comes as Scor continues to efforts to fight back from performance issues including a flare-up in L&H.
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A roundup of all the news you need today, including London company treaty business growth in 2023.
The firm will split its global combined cat program into two layers.
Carbon will recruit 30 new staff including 15 underwriters to support growth.
Improved profitability has led some insurers to increase their own retentions.
Behind the Headlines
Behind the Headlines: Duncan Dale on expansion plans following landmark CVC deal
Listen in as Dale Underwriting's CEO Duncan Dale discusses expansion plans following landmark CVC deal and gives his views on the casualty market. Dale also outlines his ambition to partner with third parties through the company's managing agency.
Behind the Headlines is a fortnightly podcast hosted by Insurance Insider's senior reporter Sam Casey.
Get the inside scoop on the major stories shaping the London market through discussions with the journalists who broke them. Plus, hear from industry professionals on what these developments mean for the (re)insurance sector.
Every other Friday morning, Behind the Headlines will break down the biggest stories of the last two weeks. Sam will discuss these stories with the journalists who broke them: Catrin Shi, Fiona Robertson, Rachel Dalton and the rest of Insurance Insider's award-winning editorial team.
Plus, he will interview the big names from the London market, getting their perspectives on the state of the industry and the latest headlines.
Opinion
Microsoft/CrowdStrike outages reaffirm demand for cyber cat protection
Sources said that for reinsurers to meet this demand, they will need to get comfortable analysing and evaluating systemic and aggregate risk.
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Lockton Re takes Gallagher Re’s Meyer as head of specialty
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WTW appoints Colin Dutkiewicz as director to expand capital advisory arm
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Daily Digest: Top news from 10 September
10 September 2024 -
Envelop launches services business
10 September 2024
Analysis
Despite potential claims stretching into the billions, the events are not expected to shift the dial on pricing.
Negotiations are getting tougher, but overall market capacity is stable.
Swiss Re, Munich Re, Hannover and Scor each have challenges that will influence their renewal behaviour.
Reinsurers are high on their ‘redemption arc’. The question is – how long will it last?
More News
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Canadian losses highlight secondary peril concerns
10 September 2024 -
Tropical Storm Francine forms in the Gulf of Mexico
09 September 2024 -
Swiss Re still ‘very cautious’ around US liability: P&C Re CUO Lot
09 September 2024 -
Sharing data is the best opportunity to ‘grow the pie’: Masojada
09 September 2024 -
(Re)insurers can step up amid geopolitical changes in 2024: Lloyd’s Neal
09 September 2024
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We’re saying ‘no’ a lot in casualty reinsurance: Axis CEO Tizzio
09 September 2024 -
Lockton Re plans hiring to grow ‘deeper not wider’
09 September 2024 -
GC’s Boyce: ‘Value of coverage just as important price’ at 1.1 renewals
09 September 2024
Interviews
Interviews
The CEO said standardising wordings to drive syndicated distribution could help Lloyd’s grow.
In his first interview as Swiss Re CEO, Andreas Berger acknowledged the mistiming of casualty growth, a purist approach on reserving and organisational complexity.
Scor is also limiting its exposure in political risk and cyber.
The platform hopes to confirm significant partnerships in the near future.
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Social inflation in 2024: At the H1 mark, trends have only worsened
MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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ILS manager M&A shows green shoots as firms rebuild their track record
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Q2 stat data: Underwriting result better than last year, but still a mixed bag
The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
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Aon’s White Rock sues CCB for $140mn over Vesttoo scandal
White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit.