Bermuda
-
The carrier is looking to latch onto emerging economic trends where it can add expertise. -
The business is pursuing growth in Bermuda in captives, cyber ILS and alternative risks.
-
The London-based MGA will begin underwriting its international book next month.
-
In mid-morning training, the share price had fallen by 12%.
-
The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
-
Habayeb will start next May following Kociancic's retirement.
-
Guy Carpenter continues to pursue Willis Re and individuals in court.
-
Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
-
GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
-
The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
-
David Croom-Johnson will now focus exclusively on CEO duties.
-
Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
-
After outsized losses, the (re)insurer still sees opportunity in a softening market.
-
The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
-
The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
-
-
T&Cs, as well as exclusions, remain largely unchanged, the executive said.
-
The carrier is continuing to reposition its portfolio to drive more consistent returns.
-
The carrier said market dynamics remained robust, with overall pricing healthy.
-
Interim CUO Nick Pritchard turned in his notice in August of this year.
-
YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
-
The Bermuda carrier brought a winding-up petition earlier in October.
-
Plus, the latest people moves and all the top news of the week.
-
The company reported no cat losses but saw a jump in attritional losses.
-
Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
-
Everest’s AIG deal meaningfully cuts its primary exposure.
-
The revised outlooks reflect the difficult moment as Everest moves away from retail.
-
In insurance, premium growth came from all lines of business except cyber.
-
Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
-
The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
-
Despite the pricing pressure, margins for the line of business remain attractive, he added.
-
Consolidated NWP reduction was driven by the reinsurance segment, partly attributable to two transactions in Q3 2024.
-
The carrier recently expanded its reinsurance product suite in Bermuda.
-
The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
-
The capital will provide retro cover for life-focused reinsurer Fortitude Re.
-
The protection covers the US insurance book for the 2024 and prior accident years.
