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Adam Kovac
Published by this author:
Renewals
Reinsurance rates likely to dip but T&Cs mostly not in play ahead of 1.1: Gallagher Re
As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
Adam Kovac
,
07 October 2025
Claims and losses
Multi-trillion-dollar data center opportunity comes with significant risk
According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
Adam Kovac
,
29 September 2025
Markel ‘open and looking for M&A’ post-Markel Re sale: Wilson
There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
Farhin Lilywala
,
16 September 2025
Regulation
Everest’s financial strength, long-term ICR affirmed: AM Best
The affirmations reflect Everest’s strong underwriting diversification.
Adam Kovac
,
12 September 2025
Catastrophe losses
Lack of hurricane activity this season shouldn’t lull insurers: Siffert
Models anticipate a busier second half, particularly in the next few weeks.
Adam Kovac
,
10 September 2025
Specialty lines
Softening specialty reinsurance market could spur demand rise: Guy Carpenter
Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
Adam Kovac
,
08 September 2025
Catastrophe losses
Property cat aggregate placement grew 50% in 2025: Aon
Supply for property outstrips demand, but the casualty market is “bifurcated”.
Adam Kovac
,
05 September 2025
Catastrophe losses
Reinsurance market to continue softening in ‘orderly manner:’ Guy Carp’s Rousseau
Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
Adam Kovac
,
03 September 2025
Catastrophe losses
Average annual insured property loss rises to $152bn: Verisk
The data modeling firm said losses previously averaged $132bn annually.
Adam Kovac
,
02 September 2025
Regulation
American Coastal, Typtap, Sutton hit by Florida insurance regulator fines
The violations included not using propertly appointed adjusters and failing to pay claims.
Adam Kovac
,
29 August 2025
Results
Air India incident hits Hamilton’s loss ratio, but didn’t affect reserves: CFO
The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
Adam Kovac
,
07 August 2025
Results
Hamilton Q2 CoR rises 2.4 points to 86.8% on higher losses
Cat losses of $1.5mn, net of reinsurance, were primarily due to severe convective storms.
Adam Kovac
,
06 August 2025
Results
Progressive’s reinsurance coverage reached $2.2bn in Q2 2025
The company also purchased $15mn of SCS parametric coverage.
Adam Kovac
,
05 August 2025
Specialty lines
Greenlight Re Q2 topline felt impact of casualty pullback: CEO Richardson
The specialty reinsurer also saw several bad investments hit the books.
Adam Kovac
,
05 August 2025
Results
SiriusPoint’s expansion of Lloyd’s presence key to its turnaround: Egan
The company has also expanded its relationships with US and UK MGAs.
Adam Kovac
,
04 August 2025
Results
Softening property market a global phenomenon: Fairfax COO Clarke
The Canadian insurer saw property rates dip across its global divisions.
Adam Kovac
,
01 August 2025
Regulation
KCC’s wildfire cat model gets approval from California regulators
The model becomes the second in the state to get approval to affect ratemaking applications.
Adam Kovac
,
31 July 2025
Specialty lines
Markel shoring up turnaround with reinsurance offload: Gayner
The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.
Adam Kovac
,
31 July 2025
Results
Upper-middle market commercial an opportunity for growth amid challenges: Arch
The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
Adam Kovac
,
30 July 2025
Results
Arch Q2 CoR rises 2.5 points to 81.2% on increased losses
The loss ratio rose 1.9 points to 53.1%, while the expense ratio ticked up 0.6 points to 28.1%.
Adam Kovac
,
29 July 2025
Results
Reinsurance market to remain stable: RenRe’s O’Donnell
Wind season remains an important variable, but also might not change current dynamics significantly.
Adam Kovac
,
24 July 2025
Results
RenRe Q2 CoR falls 6 points to 75.1% on low cat losses
The property segment reported a CoR of 27.4% for the quarter, down 26.5 points year on year.
Adam Kovac
,
23 July 2025
Talent
Aspen promotes John Welch to Group CUO
Welch has been with the firm since 2023.
Adam Kovac
,
17 July 2025
Catastrophe losses
H1 2025 costliest first half since 2011: Gallagher Re
The US accounted for 92% of all global insured losses for the period.
Adam Kovac
,
16 July 2025
Commercial lines
No windstorm rate adjustment needed for 2025 in Texas: Twia committee
State legislation has led to major strides in rate adequacy.
Adam Kovac
,
15 July 2025
Catastrophe losses
Climate change may bring on a nearly 50% rise in hurricane losses: MS Amlin
Category 4 and 5 storms could become more common and hit further north.
Adam Kovac
,
14 July 2025
Catastrophe losses
CSU gives 2025 hurricane season forecast a slight downgrade
Despite predicting fewer hurricanes, the numbers are still above average.
Adam Kovac
,
09 July 2025
Property
Rates fell but insurers showed discipline on deductibles at 1 July: Marsh’s Mann
Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
Adam Kovac
,
07 July 2025
Catastrophe losses
Canadian ice storm loss estimate bumped up to C$416mn
The late March storm caused extensive damage in southern Quebec and Ontario.
Adam Kovac
,
02 July 2025
Talent
MS Re overhauls underwriting operations and leadership structure
The changes affect operations in Switzerland, Bermuda and the US.
Adam Kovac
,
01 July 2025
Property
Property rates fell but insureds upped their coverage for 1.7: Gallagher’s Bane
The soft market continued through H1 2025, especially on shared programs.
Adam Kovac
,
01 July 2025
Reinsurance
Citizens secures $4.49bn in reinsurance coverage
The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
Adam Kovac
,
24 June 2025
Talent
Allianz brings on O’Grady as head of Canadian property
The executive previously spent 15 years in a variety of roles at Zurich.
Adam Kovac
,
18 June 2025
Catastrophe losses
Allstate posts $777mn in cat losses for May, Progressive reports $275mn
Allstate attributed the bulk of its losses to three major wind and hail events.
Adam Kovac
,
18 June 2025
M&A
Markel finalizes acquisition of marine specialist Meco Group
The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.
Adam Kovac
,
02 June 2025
Catastrophe losses
Elevated risk expected for 2025 NA wildfire season: Burns & Wilcox
Up to nine million acres of US land are considered likely to burn.
Adam Kovac
,
30 May 2025
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