INDUSTRY EVENTS
Baden-Baden Reinsurance Meeting 2024
Get exclusive news and insights from the ground at the Baden-Baden Reinsurance Meeting, on 20-24 October
INDUSTRY EVENTS
Baden-Baden Reinsurance Meeting 2024
Get exclusive news and insights from the ground at the Baden-Baden Reinsurance Meeting, on 20-24 October
Latest News
Latest News
Berkshire’s primary unit swings back to profitability in Q3, offsetting weaker Geico
Both the primary and reinsurance segments benefitted from a light cat year.
Correction: Fleming files for US recognition of Bermuda liquidation
The Bermuda carrier brought a winding-up petition earlier in October.
SiriusPoint stable CoR highlights turnaround: CEO Egan
While attritional losses were up for the quarter, those in the carrier’s core business declined.
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In Partnership with Moody'sJoin Insurance Insider for a free webinar, offered in partnership with Moody’s, at 10:30 EST/15:30 GMT on 22 January -
Many commercial risks will have London coverage, but insured values are relatively low.
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CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The Spanish (re)insurer reported a group net profit of EUR829mn.
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Prices were 37.4p per £1 of capacity, according to Argenta.
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The broker grew earnings per share by 12.1% during the quarter.
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The syndicate is expected to write ~$300mn of business in 2026.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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The company reported no cat losses but saw a jump in attritional losses.
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CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The fundraising structure for the deal includes a $600mn Convex debt raise.
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Everest’s AIG deal meaningfully cuts its primary exposure.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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In insurance, premium growth came from all lines of business except cyber.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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This publication revealed that Starr was zeroing in on the deal earlier today.
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The parties could announce the transaction soon, according to sources.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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The start-up has struggled to build scale since its 2024 launch and has cut back its 2026 stamp.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
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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.
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Jason Keen joined Everest in 2022 as head of international.
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The buy-in can be seen as a “flip” bet on a rebound in appetite for carrier M&A.
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Consolidated NWP reduction was driven by the reinsurance segment, partly attributable to two transactions in Q3 2024.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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The carrier is consolidating its venture capital activity into asset manager MEAG.
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This publication revealed the move earlier this year.
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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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Plus, the latest people moves and all the top news of the week.
Video interviews
Videos
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In Partnership WithEuropean storm Boris could have taken a much worse toll on (re)insurers, but improvements to infrastructure and underwriting standards made it less impactful than it could have been, Daniele de Bosini, strategic growth leader for EMEA at Aon reinsurance solutions, told Insurance Insider in a live video interview at Baden-Baden.
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In Partnership WithJens Melhorn, Head of Property Treaty for EMEA at Swiss Re discusses key reinsurance topics, including global conflicts, natural catastrophe trends, and the growing need for public-private partnerships to keep insurance affordable.
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In Partnership WithEuropean casualty business is not exposed to the challenges of the US market, with its social-inflation pressures, Aon co-CEO of reinsurance solutions EMEA Tomas Novotny reiterated during a video interview with Insurance Insider at this year’s Baden-Baden conference.
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In Partnership WithSharry Tibbitt discusses stability, secondary perils, and innovation in property reinsurance markets.
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In Partnership WithEverest's New Chief Global Broking Officer & Head of Global Facultative Business highlights the evolving dynamics in reinsurance, broker relations, and the facultative market.
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