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RenRe’s Q3 CoR improves 16.4 points to 68.4% on lighter cats
The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge. -
Despite the pricing pressure, margins for the line of business remain attractive, he added.
Latest News
Latest news
A roundup of all the news you need, including Jason Keen's promotion at Everest.
Consolidated NWP reduction was driven by the reinsurance segment, partly attributable to two transactions in Q3 2024.
The global insurer will pick up a $650mn portfolio of US casualty business.
AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
Opinion
Featured and most read
Featured and most read
Featured
Lloyd’s FaL turnaround: From scrabbles for capacity to oversubscriptions
Private capital providers are being signed down as two strong years have piqued interest.
Most read
Analysis
Analysis
Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
Part five in our series looks at how AI can empower brokers to add value as well as speed.
Insurance grad vacancies were down 18% year-on-year in the UK, ahead of a 3% nationwide drop.
Differentiating Lloyd’s claims performance could help drive business to the market.
Interviews
Interviews
The syndicate says it will not set any top-line targets on digital follow strategies.
The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
The MGA is also looking to build out its US mid-market professional liability expertise.
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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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In Partnership with
FurtherAI
AI has shifted from a theoretical discussion to having a real impact across the entire insurance value chain, said Aman Gour, Founder and CEO, FurtherAI.
In Partnership with
Allianz
Use of technology is likely to separate the “leaders from the laggers” in the MGA/program business space, said Shanil Williams, CEO, Allianz Commercial, Americas.
In Partnership with
Arch
Property remains both a challenge and an opportunity for insurers, said Brian Farrell, SVP Program Management Lead, P and C Programs, Arch.
In Partnership with
Falvey Insurance Group
MGAs need to remain focused to succeed, said Emmy Falvey, Senior Vice President, Head of Capacity, Falvey Insurance Group.
In Partnership with
Swiss Re
The global construction industry continues to expand, says Jimmy Keime, Head of Engineering and Nuclear, for Swiss Re.
MultiStrat, the founder of casualty ILS, is focusing on committed capital to grow, said Bob Forness, CEO, MultiStrat.
In Partnership with
Swiss Re
Ahead of the upcoming Baden-Baden Reinsurance Meeting, top of mind for many are climate, economy and geopolitics, says Nikhil da Victoria Lobo, Head of P and C Reinsurance for Western and Southern Europe and Middle East and Africa for Swiss Re.
In Partnership With
M&A Services
The explosive growth of the E&S market, coupled with higher seller valuations, is driving a steady stream of carrier M&A activity, said Jason Murgio, Principal & CEO and Paul Procops, Vice President, of boutique insurance investment bank Merger & Acquisition Services.
In Partnership with
Allianz
“That’s what we live for,” said Darren Tasker, Head of Construction, North America, Allianz Commercial, emphasizing the deep expertise needed to navigate multi-billion-dollar data center construction projects and deliver tailored, comprehensive insurance coverage.
From cat losses from wildfires and hurricanes to litigation battles to the shifting commercial insurance landscape — these are the stories that defined our industry in the last 12 months.
In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
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In Partnership with Moody's
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In Partnership with M&A Services
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From our other titles
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A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
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The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
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Q3 early read: Soft market monster gets closer
MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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Inflation indices fell in April, but some items related to P&C are still elevated.
