There was further evidence at the RIMS conference in San Antonio last week of a transitional market emerging in US casualty insurance, with upwards pressure on rates starting to spread beyond headline hard pockets.
Axis has unveiled a cyber "centre of excellence" aimed at bringing greater clarity and understanding of the exposure and where it is included or excluded across the multiple lines of business the carrier underwrites.
After a harsh winter that has run into early April, anyone living in the Northeast of the US will be familiar with the old adage "one swallow does not a summer make".
Swiss Re Corporate Solutions (SRCS) has launched a standalone excess and surplus lines (E&S) business unit for North America as it looks to expand in the space.
US retail broker Alliant has confirmed it has agreed a deal to buy New York-based Crystal & Co in a move first revealed by The Insurance Insider last Friday.
US commercial property insurance rate increases are already calming as the initial reaction from underwriters to record 2017 cat losses is tempered by the realities of a well-capitalised P&C industry, according to Willis Towers Watson.
Everest Re has said it expects to take $100mn of estimated cat losses in its first quarter results, largely from the California wildfires and related events.
XL Catlin has parted company with excess and surplus lines (E&S) president Stephen Oh as it realigns the business within its broader US insurance organisational structure, The Insurance Insider can reveal.
Those calling a turn in the P&C pricing cycle can usually agree on one thing: it takes more than a heavy cat year on its own to bring a broad upward shift in rates.
AIG has taken a huge 40 percent line on a newly consolidated property cover for retail giant Walmart that rolls its expiring US placement into a global structure, The Insurance Insider can reveal.
US specialty insurer CapSpecialty has unveiled a cloud-based platform that it says vastly streamlines the end-to-end submission and underwriting process for buying excess casualty coverage.
The 56 Florida homeowners' companies that had their ratings affirmed by Demotech late last month fell to a $407mn underwriting loss in the aggregate for 2017, analysis of statutory filings by The Insurance Insider has shown.
