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Latest News
The segment’s combined ratio improved to 94.5%.
Plus all the latest executive moves and the top news of the week.
Its PE owners have been exploring strategic options since May last year.
Peer Zurich had a more stable renewal.
CEO John Neal has ambitions to pull in more major insurers, E&S players and captives.
Rate increases have accelerated further after major losses in 2023.
Underwriters are pushing for rate rises, but competition is increasing.
Strong reinsurance results have absorbed long-tail reserve charges.
More News
The firm will have more flexibility around talent compensation and M&A activity.
The MS Re CEO said 1 January oversubscription levels on cat were not notable.
The CEO speaks on portfolio remediation and the future of the lead-follow model.
In its first year under new ownership and after setting up its own managing agency in 2022, the Lloyd’s syndicate is looking at ways to leverage its infrastructure.

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ILS London Conference 2024

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Bermuda Risk Summit 2024

Venue: Hamilton Princess & Beach Club

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Monte Carlo Rendez-Vous de Septembre 2024

Venue: Fairmont, Monte Carlo

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WSIA Annual Marketplace 2024

Venue: Manchester Grand Hyatt San Diego Marriott Marquis

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Target Markets Annual Summit 2024

Venue: Westin Kierland Resort, Scottsdale, AZ

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Baden-Baden Reinsurance Meeting 2024

Venue: Baden-Baden city

Event details TBD

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APCIA Annual Meeting 2024

Venue: Sheraton Grand Chicago Riverwalk, Chicago, Illinois

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From Insurance Insider US

CPI brings Valentine’s roses for personal auto

With Maui wildfire investigations beginning to point the finger at Hawaii Electric, it’s possible the insurance industry will see things play out as they did with PG&E in California, but the smaller scale of local utilities suggests lower potential recovery for insurers.
From Insurance Insider ILS

AIG cut spend by $200mn on 1.1 property cat reinsurance program: Zaffino

Its property cat aggregate cover renewed with improved coverage.
From Insurance Insider US

Reinsurer hybrids: Divergent paths lead to mixed near-term results

Progressive has now reported three consecutive months of adverse development. The Inside P&C Research team takes a closer look.
From Insurance Insider ILS

With 2023 returns now in, are investors looking forward or back?

Aside from the one-year view, 2023 remixes the track record.