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Insurers fear $700mn loss from fatal Indonesian mining catastrophe
The loss would be one of the largest ever for mining underwriters.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
The June 2024 ransomware attack produced claims across many firms.
Opinion
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Economic headwinds, not AI, blamed for slowdown in graduate hiring
Industry-wide initiatives continue to target expanded youth access to the sector.
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Analysis
Analysis
Lack of major cat events could add further pressure on 1 January pricing.
Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
Starr’s reinsurance ambitions and embrace of Lloyd’s will be watched closely.
Interviews
Interviews
T&Cs, as well as exclusions, remain largely unchanged, the executive said.
The CEO said smart-follow is a structural evolution of the specialty market.
Regulators do too little to distinguish between generalists and specialists, he said.
CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.
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