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Reinsurers’ wildfire pain will vary but some cat books may not break even
Sources warned some property XoL books are already running 50% loss ratios.
Latest News
A roundup of all the news you need, including JMG Group’s sale process.
The underwriter will be based in New York and drive underwriting strategy.
CEO Andrew Carrier says the business has strong “forward momentum”.
Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.
Opinion
Featured
Men still fill six of every seven active underwriter positions at Lloyd’s
The proportion of women in lead underwriting roles still trails other leadership positions.
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Analysis
Some of the Big Four are slowing growth as the market softens.
The market improved on attritional losses in 2024 – but slowing rate growth raises queries over top-line momentum.
Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
Sources warned of the erosion of underwriting margins after a string of strong years.
Interviews
Kathleen Reardon, CEO of Hiscox Re & ILS, discusses the company’s 2024 results, the impact of the California wildfires and leadership development strategies for the next generation.
California wildfire losses will be significant but still manageable for Bermuda (re)insurers, John Huff said, as local carriers are leaning into specialty lines growth.
The company’s syndicate has booked an 87.4% combined ratio for 2024.
The executive said MGA and broking start-up activity looked set to continue.
Behind the Headlines
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.
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Falvey Insurance Group
Jack Falvey, CEO of Falvey Insurance Group, shares insights on the MGA market's evolution, key successes and Falvey's strategy for growth.
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AXIS
Anna Woolley, Head of Construction for AXIS Global Markets, discusses how they’re tackling the challenges of mega projects, sustainability, and evolving risks in the construction insurance sector.
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AXIS
The cyber insurance market is poised for growth in 2025, but staying competitive requires innovation and adaptability to new risks. Andy Maher, head of cyber & technology, London, for AXIS, shares insights on industry trends and challenges ahead.
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Crum & Forster
The Once and Future C&F, delves into pivotal moments within the company and the insurance industry, and spotlights the leaders who’ve shaped the company’s legacy over the past 200+ years.
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Tysers
Karl Haynes, Managing Director for Wholesale Claims at Tysers Insurance Brokers, explains how advancements like AI and drones are transforming the insurance claims process, improving efficiency and transparency in the London market.
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Greenberg Traurig
Fred Karlinsky, Chair of the Insurance Programme at Greenberg Traurig, discusses Florida's impactful tort reforms, third-party litigation funding, and the booming E&S market's future.
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VIPR Solutions
Paul Templar, Co-Founder & CEO of VIPR Solutions, explores the drivers of growth, key challenges, and future outlook for MGAs in 2025.
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Skyward
Jim Mormile, President of Professional Lines for Skyward Specialty, discusses AI, cyber risks, and industry challenges.
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Jencap
Mark Maher, President of Jencap, discusses the thriving MGA space, market challenges, and opportunities in 2025.
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Munich Re
Tim Brockett, EVP & Head of Specialty for Munich Re U.S. shares insights on risk perceptions, the flood insurance gap, and innovative strategies.
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