RenaissanceRe has said it hopes to retain as much as 90% of the Validus Re portfolio, but where are the highest areas of overlap by cedant?

In this second of a two-part analysis on the proliferation of ChatGPT and similar generative AI tools, Insurance Insider explores the risks inherent in using them.

Amid a wide spectrum of views on the proliferation of ChatGPT in insurance, this first of a two-part analysis explores the use cases of automation, data extraction, fraud detection and more.

Most forecasters predict below-average activity in the region – but opposing weather phenomena mean uncertainty is higher than usual.

Capacity and competition are limiting underwriters’ ability to continue pushing for double-digit rises.

The deal is the third scale-up buyout for the firm, highlighting the ongoing value of scale in the reinsurance segment.

Early private deals have provided far more stability in this year’s renewal than last.

Most carriers were keen to talk about how they are taking on the ongoing hard market in Q1, but some complexities partly offset their good news.

Softening cat bond rates are among the bearish signals for cat rates, but latent new demand and still-cautious supply should prolong reinsurer gains.

The pace of rate hikes will ease back from the 1 January reset as buyers seek to lock up capacity early after last year’s dislocated renewal.

To stay relevant, intermediaries are being forced to scale up, broaden their suite of services and quantify their value.

The group’s recent gear shift on growth has elevated the group’s risk profile across areas including M&A, financing, integration and liquidity.