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Industry-wide initiatives continue to target expanded youth access to the sector. -
Lack of major cat events could add further pressure on 1 January pricing.
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Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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Starr’s reinsurance ambitions and embrace of Lloyd’s will be watched closely.
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Brokers may encourage clients to capitalise on falling rates by boosting coverage.
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Private capital providers are being signed down as two strong years have piqued interest.
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Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
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Part five in our series looks at how AI can empower brokers to add value as well as speed.
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Insurance grad vacancies were down 18% year-on-year in the UK, ahead of a 3% nationwide drop.
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Differentiating Lloyd’s claims performance could help drive business to the market.
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Carriers are rethinking the traditional renewal-rights model.
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Despite a rocky H1, 2025 insured losses from nat cat events may not surpass 2024 levels.
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The class offers affirmative coverage for gaps in traditional insurance policies.
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Continental composite carriers aim to smooth volatility with new initiatives.
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Several airlines are understood to have come to market early.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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The deal will be watched closely by Radian’s handful of similar peers.
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Small modular reactors are increasingly viewed as a means of meeting surging energy demand.
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After losing in the High Court, insurers pin their hopes on the Court of Appeal.
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Despite formation of Gabrielle, there is "a very high probability" of a below-average season.
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Part four looks at how the talent landscape will shift in response to AI introduction.
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The low degree of overlap between the combining portfolios benefits both parties.
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Organisations were challenged to address systemic DEI failure rather than play “word salad” with labels.
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Property remains the dominant line, accounting for nearly 30% of total London premiums.
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Plaintiffs allege that manufacturers and retailers have broken environmental laws.
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From aviation claims to retention challenges, underlying dynamics will take time to play out.
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There are concerns that repeated delays could lead to market disengagement with the process.
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Blackstone-style capital seeking to get closer to source is a net negative for reinsurers.
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Cedants target methods of reducing pressure on earnings as reinsurers chase growth.
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Apollo most recently received in-principle approval for Syndicate 1972.
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The aviation market may prove an outlier following a disastrous year of loss activity.
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The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.
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Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
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The carrier M&A cycle has started and reinsurance is a segment where acquisitions work better.
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The post-disaster reinsurance start-up model is changing.
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Terms are expected to hold, underpinning the stronger recent performance of reinsurers.
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Maintaining underwriting discipline was central to the Corporation's messaging.
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The cycle-turn M&A story continues with strategic buyers to the fore.
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Cyber reinsurance supply has continued to outstrip demand during 2025.
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The Japanese carrier faces integration challenges to make a success of the deal.
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City firms have introduced perks of extending working from home periods and half days in summer.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Rates are bottoming out, but ample capacity is still preventing a hardening market.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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Submission volume is up 10%-20%, according to sources.
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A notable uptick in attendance underpins the value still placed on the iconic trading centre.
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The mid-year renewals point to mounting pressure on reinsurance pricing.
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Part III of our series looks at where AI is being integrated into underwriting departments.
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Top line grew across all carriers even as pre-tax profits dipped.
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As rate reductions present headwinds, firms are expected to moderate expansion.
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Brokers turn to harder classes, innovation, commissions and tech to soften the blow.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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However, group organic growth among public brokers has slowed to pre-pandemic levels.
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Emerging lawsuits and expanding loss triggers are giving rise to potential claims under a range of policies.
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Cat portfolios generally grew, but casualty approaches varied.
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In part II of our series, we look at where AI is being integrated into claims departments.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Improved book value, a healthy CoR and disciplined underwriting mark the CEO’s time at the helm.
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The impact on the (re)insurance market has been muted due to its strong capital position.
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A look into how the insurance industry is using AI and where practical gains are arising.
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Despite steep rate hikes, premium volume has held steady as players such as SpaceX self-insure.
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Questions remain over regulatory touch, capital requirements and tax benefits
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Continued Apax and Carlyle support will give PIB time to differentiate its business.
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The business is one of the first to sell in this round of Lloyd’s M&A.
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Sources said the downstream energy market is unlikely to turn a profit in 2025.
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The challenge now is balancing top-line growth with underwriting discipline amid falling rates.
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The three months to June included a cluster of Guy Carpenter exits.
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The aerospace, energy and marine markets all sustained multiple significant losses in H1.
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Green hushing is on the rise as Trump rows back on climate initiatives.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Although US pricing is improving there is pressure in other geographies.
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Hannover Re’s CEO is lowest paid among peers, despite their pay growing 77% since 2015.
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The investment comes amid expectations of a new cycle of deals.
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Some segments are moving faster than anticipated, but overall, it remains a mixed bag.
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Working out ROI on sponsorship deals is difficult, but the sport is beloved by insurance brands.
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The protection gap is calling into question the relevance of the insurance industry.
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Who will buy the swathe of PE-backed Lloyd’s firms coming to market over 2025-26?
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Future claims handlers could be "bionic adjusters” empowered by technology.
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The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.
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Analysts were interested in the potential for fee income from the retail division.
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This year is predicted to be an above-average season, like 2024.
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Lloyd’s maverick syndicate produces impressive results, but questions remain over succession.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Broker facilities and increased US domestic appetite are accelerating the softening.
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As with 2024, pricing pressure has been most acute on top layers.
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P&C combined ratios were higher than Q1 2024, and wildfires impacted Hannover Re most.
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Delegates welcomed the FCA’s red-tape cut, but said more is yet to come.
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Soft conditions have led to “less acute" underwriting discipline, sources said.
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More players are looking to the class in a bid for top-line growth.
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Sentiment at the ILS Connect event hosted by Insurance Insider ILS was generally positive.
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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.
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We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
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Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
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Risk managers at last week’s Axco summit said interconnected global risks require flexibility.
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As the next generation of Names comes to the fore, advisers urge simplification.
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Insolvencies caused by the tariffs could also cause increased losses
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Fridays in the office will be the toughest nut to crack.
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Sources expect it to be a couple billion-dollar insurable market.
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Due diligence is essential to make sure incubators are backing winners.
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Aegis 1225 jumped from fifth place last year to become the most profitable syndicate of the last decade.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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Despite a softening market, carriers still have belief in their profitability, sources said.
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Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
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Sources said extending coverage to Gen AI may be difficult and unnecessary.
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The first quartile contracted on the back of Beazley 2623’s GWP reduction.
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Reinsurers fended off 20% cuts, but wildfires pleas failed to hold pricing flat.
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Last year, nearly two-thirds of Lloyd’s syndicates reported a deterioration in combined ratio.
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Insurer appetite for facilities is not just about top line, it is also a hedge against disruption.
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In the first part of this series, we explore how smart-followers are mixing up their strategies.
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The market took a higher share of hurricane losses and couldn’t cut its acquisition costs.
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Sources warned some property XoL books are already running 50% loss ratios.
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The proportion of women in lead underwriting roles still trails other leadership positions.
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Some of the Big Four are slowing growth as the market softens.
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The market improved on attritional losses in 2024 – but slowing rate growth raises queries over top-line momentum.
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
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Sources warned of the erosion of underwriting margins after a string of strong years.
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Two major claims have prompted underwriters to question the sustainability of double-digit rate decreases.
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Some firms are broadening their M&A net in light of PE firms showing more restrained appetite for intermediaries.
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
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The transactional liability class faces a string of potential losses, especially in the contingent segment.
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Cedants could choose to retain more as cross-share sell-offs boost their capital.
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Social inflation and larger vessels are making multi-billion losses more likely.
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A higher loss quantum will put a greater burden on retro programmes.
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With another year of underwriting profits banked, the ‘Golden Age’ isn’t over yet.
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Deteriorating CoRs, GWP growth and fears over wildfire impacts were common themes.
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Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
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Newer swing products offer an alternative way to deal with escalating awards.
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Underinsurance, total loss claims, and high property values have impacted loss estimates.
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As the market turns, balance sheet M&A is becoming a more appealing option.
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Single-digit organic growth, robust casualty pricing and tapering margins were all key trends.
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With Atrium marking another case of potential bifurcation, where is the natural home of risk?
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These businesses are expecting more premium growth than the wider market this year.
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Secondary perils accounted for 65% of global insured losses in 2024.
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A combination of mandated days and soft pressure is driving up EC3 attendance.
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The California fires will test post-2018 treaty revisions – and reinsurers’ nerves.
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Loss assessment is at an early stage, but senior sources suggested the claim could surpass $1bn.
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In the food and beverage market, rates are falling by an average of 3%-4%.
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Market softening means exploiting hardening niches is the name of the game.
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Underwriting oversight is top of the agenda for some, whilst others prioritise progress on tech and operations.
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High-net-worth binders and treaty exposures will bring significant claims to Lloyd’s writers.
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We explore the strands of the Lloyd's leader's six-year tenure, moving from remediation to growth mode.
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Carriers rushing headlong into gen AI without considering its ESG implications could face costly complications down the road.
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The path to Howden’s new era is steep – but the opportunity is vast.
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In part two of our 2025 outlook, we explore the drivers of carrier M&A and recreating the ESG agenda.
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Certain new and old themes will re-emerge this year as the balance of power shifts.
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Reinsurer appetite largely outweighed demand at 1 January.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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High deductibles, tighter underwriting and lack of flood cover meant lower claims figures.
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Insight into the insurance M&A market, powered by Insurance Insider’s deal database.
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Reinsurer appetite for aggregates begins to creep back in.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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Annual growth in demand for tax insurance ranged between 25% to 40%, sources said.
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First-quartile 2023 performers will contract capacity by 5% in aggregate next year, according to our survey analysis.
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Lower inflation and a softer market outlook tempered aggregate growth expectations.
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Marine and energy were the busiest lines, driven by high competition for talent.
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A resurgence in IPO activity may help provide new business for underwriters and reduce competition.
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Lloyd’s has taken around 6% of aggregate US hurricane losses in recent years, and disclosed estimated net losses from Helene and Milton of $1.8bn to $3.4bn.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The market’s dearth of third-party managing agents is a source of tension among young syndicates.
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Sources agreed that to achieve growth, the focus is shifting from the US to SMEs in Europe.
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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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The 2024 event saw 80 speakers address an audience of over 350.
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Growth vs discipline, smart follow and M&A mean 2025 will be a mixed bag for London.
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Fidelis 3123 and NormanMax 3939 were the first syndicates to adopt modifications.
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The D&F market now expects 2025 renewals to be flat to down 5%
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The A&H market had improved performance between 2020 and 2023.
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The loss of premium income from Glencore is expected to add to competitive pressures running up to 1 January.
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Credit insurers may need to adapt their business mix, client base and types of deals underwritten to stay relevant.
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Achieving profitability is increasingly challenging in the volatile but historically lucrative market.
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Risk managers are increasingly concerned about insurability.
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Some reinsurers are considering frequency protection products.
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Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
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A canvassing of the market showed some bifurcation on the necessity of a government backstop.
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There has been some strategic withdrawal of capital for younger syndicates.
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A more residential-skewed loss would impact Lloyd’s carriers in treaty where market share is lower.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
