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Latest news from Insurance Insider
Ed Louth will join Liberty next year after serving out his contractual duties at Willis.
The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
The June 2024 ransomware attack produced claims across many firms.
Cyber, mortgage and crop were identified as attractive growth areas.
The consortium will target excess layers, providing $250mn of capacity.
A roundup of all the news you need, including our CDK ransomware loss estimate.
The carrier said nat-cat losses remained “well below” those of prior years.
InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
The carrier’s retail division saw premiums increase by 7.3% to $2bn.
The executive said the firm has grown its casualty business by 80% from 2022.
Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
T&Cs, as well as exclusions, remain largely unchanged, the executive said.
The carrier anticipates a “favourable” retro renewal at 1.1.
The Marsh-placed account renews its all-risks cover on 16 November.
The CEO said smart-follow is a structural evolution of the specialty market.
Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
A roundup of all the news you need, including fatal UPS cargo crash.
The carrier is continuing to reposition its portfolio to drive more consistent returns.
The carrier said market dynamics remained robust, with overall pricing healthy.
Marsh is also suing a second tier of former Florida leaders.
The broker’s hiring to date has focused on the specialty segment.
Rate decreases are often in double digits, but high loss trends and systemic risk persist.
A roundup of all the news you need, including Conduit Re's CUO appointment.
Competitor news
Competitor news
Competitor news
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Lack of major cat events could add further pressure on 1 January pricing. -
Plus, the latest people moves and all the top news of the week.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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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
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How do struggling governments across the globe tackle stagnating economic growth?
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In Partnership with Swiss ReThe global construction industry continues to expand, says Jimmy Keime, Head of Engineering and Nuclear, for Swiss Re.
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In Partnership with Swiss ReAhead of the upcoming Baden-Baden Reinsurance Meeting, top of mind for many are climate, economy and geopolitics, says Nikhil da Victoria Lobo, Head of P and C Reinsurance for Western and Southern Europe and Middle East and Africa for Swiss Re.
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IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
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What’s driving the wave of shifting ownership structures in the Lloyd’s market?
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How does Lloyd’s plan to secure its future as a leading global marketplace?
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What’s next for the reinsurance market as Monte Carlo approaches?
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In partnership with M&A ServicesJoin Insurance Insider, in partnership with M&A Services, for a free webinar 10:30 EDT/15:30 BST on Sept. 24
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What happens when a global broker network decides to fill a gap in the London market itself?
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In Partnership With MarkelJoin Insurance Insider for a free webinar, in partnership with Markel, 10:30 EST/ 15:30 GMT, Nov 5
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In Partnership With VeriskJoin Insurance Insider, in partnership with Verisk, for a free webinar at 10:30 EDT/15:30 BST on 29 September
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What does it take to turn a family-run insurance group into a global powerhouse?
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In Partnership with Moody'sJoin Insurance Insider, in partnership with Moody’s, for a free webinar at 10:30 EDT/15:30 BST on 30 September
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How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?
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Is the ransomware threat really getting worse – or just more visible?
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Is the huge growth experienced by the MGA sector run out of steam?
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What’s next for Conduit Re’s strategy following a leadership shake-up?
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Are intermediaries facing tougher times as the broking supercycle winds down?
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What does it take to stay profitable as the insurance cycle shifts — and why is leadership diversity still lagging in the London market?
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In Partnership With AXISJoin us for a free webinar, 10:30 ET/ 15:30 BST on Aug 19, hosted by Insurance Insider and AXIS to explore how the insurance industry is adapting to these challenges.
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In Partnership With QlikJoin Insurance Insider, in partnership with Qlik, for a free webinar, 10:30 EDT/15:30 BST on July 24, as we explore the next frontier of AI in insurance.
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In Partnership With GuidewireJoin Insurance Insider for a free webinar, offered in partnership with Guidewire Software, 10:30 EDT/15:30 BST on Aug 14.
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In Partnership With MarkelPrivate equity investors may not have the same timeline as the multi-year construction projects they’ve invested in, which could leave surety writers holding the keys if private equity walks away, said Mike Keimig, president and CEO of Markel Surety.
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Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?
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What does the bustling insurance industry of today have in common with the coffee shops of the seventeenth century?
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What are the potential consequences for businesses amid escalating loss costs in the US casualty market?
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Is the MGA start-up boom here to stay?
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In Partnership With Allianz CommericalHow does a young insurance company surpass growth expectations and successfully reposition itself in the market as a fully independent player?
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In Partnership With Allianz CommericalThe renewable energy sector is a major growth opportunity for the insurance industry but the loss experience has been challenging.
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In Partnership With Allianz CommericalWhat is fueling the intense mergers and acquisitions activity in the MGA space, and how is it shaping the competitive landscape?
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In Partnership With Allianz CommericalFollowing several years of stellar returns for reinsurers, what does this year's January renewal pricing swing mean for clients?
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In Partnership With Munich ReTim Brockett, EVP & Head of Specialty for Munich Re U.S. shares insights on risk perceptions, the flood insurance gap, and innovative strategies.
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In Partnership With AXISMichael Silas, Head of Global Credit for AXIS Re, discusses 2025's macroeconomic outlook, regulatory shifts, and credit market trends.
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In Partnership With ArchMaggie Munns, Head of Executive Assurance for Arch Insurance International, on the evolving D&O market, discussing challenges, strategies, and a 2025 outlook.
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Target Markets is hoping to expand to offer scholarships to additional students next year, says Gene Abby, executive director, Target Markets
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In Partnership WithDamian Cooper, Partner with PwC Bermuda discusses life reinsurance growth and regulatory challenges.
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In Partnership WithArthur Wightman, Territory Leader for PwC Bermuda discusses industry challenges and Bermuda's key role in reinsurance growth and climate initiatives.
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In Partnership With Fidelis PartnershipCharlie Matthias Deputy Chairman and Group Executive Director for The Fidelis Partnership discusses how ESG practices can drive societal change, improve underwriting, and ensure sustainable growth in insurance.
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In Partnership With AXISJoe Dutton, Energy Innovation Lead for AXIS, discusses the role of insurance in supporting new energy technologies.
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Callum Roberts, Professor of Marine Conservation at the University of Exeter, explains ocean carbon storage and its role in climate change.
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Bill Cooper, Managing Director with Howden Capital Markets & Advisory, discusses insurance market trends, M&A projections, MGA expansion and ILS insights.
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Nadia Beckert, Group Head of Property Reinsurance for The Fidelis Partnership, shares insights on market outlooks, AI integration and the challenge of attracting new talent in the evolving reinsurance industry.
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Robert Wiest, CEO of MS Reinsurance, discusses trends in the casualty market, social inflation and renewal expectations at the PwC Insurance Summit in Bermuda.
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Kirsten Beasley, Head of the Bermuda Office for WTW, discusses talent, diversity, and mentorship at the PwC Insurance Summit.
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Neil Eckert, Chairman and Co-Founder of Conduit Re, discusses climate change mitigation, new insurance products, and closing the coverage gap.
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Will Bridger, Group CEO with Compre Group, discusses the evolving legacy insurance market at the PwC Insurance Summit.
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Rachel Turk, CUO for Lloyd’s, shares first-year insights and explores AI, market outlook, and data flow innovations.
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AXA XL’s CUO for Bermuda, Noel Pearman, shares how AI is transforming insurance operations, enhancing client offerings, and opening doors to new business opportunities.
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Steve Horton, President of Liberty Mutual Bermuda, on AI's transformative role, challenges, and potential in reshaping the insurance industry.
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Tim Usher Jones, Co-CEO and Founder of Banyan Risk, shares insights on their new excess casualty venture, AI integration, and growth strategies in an evolving market.
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Rob Bredahl, Vice Chairman of Howden Re and Executive Chairman of Howden Capital Markets & Advisory, discusses cat events, market capital and the 2025 outlook.
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Stephen Catlin, Executive Chairman for Convex, shares insights on leadership, climate initiatives and how insurance must evolve at the PwC Insurance Summit in Bermuda.
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In Partnership With Swiss Re Corporate SolutionsAndrea Baer, Head of Alternative Risk Transfer Latin America for Swiss Re Corporate Solutions, discusses how Latin American companies use alternative risk transfer solutions like parametric cover and captives to overcome insurance capacity challenges.
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In Partnership With MS AmlinWilliam Ho, CEO of MS Amlin Asia Pacific discusses the Phoenix Re catastrophe bonds and plans to grow ILS in Asia.
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In Partnership With Alimco Re Ltd.Chris Dougherty, CEO of Alimco Re, shares insights on the firm’s strategy and market goals at Target Markets.
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Greg Massey, US Adviser for VIPR, shares insights on growth, challenges and data’s role in sustaining profitable program insurance portfolios.
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Bob Hartwig, Professor of Insurance with the University of South Carolina, discusses the resilient US economy, election impacts and future growth in specialized insurance sectors at the Target Markets conference in Scottsdale, Arizona.
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In Partnership With Origin SpecialtyJerico Vinsonhaler, VP & Head of Workers Comp for Origin Specialty Underwriters discusses a soft workers' comp market amid rising coverage challenges, at Tarket Markets 2024.
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In Partnership With HowdenMitchell Rosenberg, Managing Director for Howden Capital Markets & Advisory shares key ILS market insights and investor sentiments ahead of 2025, at the ILS Connect 2024 conference in New York.
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In Partnership WithRichard Pennay, CEO of Aon Securities discusses how recent hurricanes and trapped capital shape the ILS market, at the ILS Connect 2024 conference in New York.
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In Partnership With DualConnie Germano discusses social inflation, collaboration, and limits in the evolving excess casualty market.
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In Partnership With ArchPaul Sullivan shares updates on Arch's growth strategy and the evolving delegated authority market, at the Target Markets 2024 Conference.
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In Partnership With MSIG USADan Riordan, Head of Political Risk at MSIG, discusses the rising demand for political risk and credit insurance due to global infrastructure growth across the U.S., Europe, and emerging markets.
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Claims professionals and leaders at the International Association of Claims Professionals conference in Orlando said the industry must work together to stem the rising cost of social inflation.
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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 With The HartfordRyne Carney, Head of Property Product for The Hartford discusses how underreporting property values can leave businesses vulnerable during a catastrophe.
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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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Marko Ninkovic, Head of Claims Specialty at Brit, explains the growing challenges of war risk claims and modern piracy at the International Association of Claims Professionals Conference in Orlando.
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CEO of WTW’s Corporate Risk and Broking for North America, discusses the transformation in operations, diversity, and talent strategy.
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Randy Fuller, Head of North America Property at Guy Carpenter, discusses market stability, hurricane impacts, and the evolving role of claims professionals on October 1st, 2024.
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In Partnership With The HartfordTracey Ant, Head of Middle and Large Commercial for The Hartford discusses key insurance gaps and innovative risk mitigation strategies.
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In Partnership WithJoin Insurance Insider, in partnership with Guidewire, for a free webinar, 11:30 ET/16:30 GMT Jan. 29
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In Partnership With MarkelBhavik Desai, Director of Professional Indemnity at Markel, explains the widening gap between professional indemnity and cyber insurance, highlighting the impact of recent events including the CrowdStrike IT outage.
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In Partnership WithThe reinsurance industry is evolving rapidly with climate change, AI, and intellectual property driving new risks. Christina Colby, Chief Customer Officer at Guidewire highlights how technology and data are reshaping the future of reinsurance.
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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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In Partnership With AccordBill Pieroni, CEO of ACORD, discusses digital maturity, tech spend, and AI's future impact.
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In Partnership WithAdam Podlaha, Head of Impact Forecasting for Aon, discusses the 2024 hurricane season's calm start, upcoming forecasts, and climate impacts.
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In Partnership WithAon’s Reinsurance Solutions EMEA co-CEOs Tomas Novotny and Alfonso Valera discuss their collaborative leadership, market outlook for January 2025 renewals, and capital dynamics in the EMEA region.
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In Partnership With HiscoxKathleen Reardon shares outlook on reinsurance rates, capital trends, and Hiscox Re & ILS's strategy heading into the January 1st renewals.
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In Partnership WithAs 1/1 renewal discussions kick off in Monte Carlo, casualty reinsurance markets face challenges including US social inflation and a range of emerging risks, said Laure Forgeron, chief underwriting officer, casualty, for Swiss Re.
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In Partnership With AspenAspen's Reinsurance CUO, John Welch, says the company is poised to continue to grow in 2025.
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In Partnership With Moody's RMSMichael Steel, General Manager-Insurance Solutions at Moody’s, discusses the latest trends in mitigating cyber risks, managing secondary perils, and leveraging new technologies to enhance data quality and workflow efficiencies.
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In Partnership With The HartfordKevin Nolan, Head of Multinational for The Hartford, discusses the supply chain vulnerabilities exposed by COVID and strategies to mitigate future risks.
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In Partnership With Liberty Specialty MarketsPresident & CUO for Liberty Specialty Markets discusses key risk factors, market trends, and the insurance industry's role in the energy transition
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In Partnership With icatAshleigh Cashman, President of ICAT, discusses how the property insurance market is adapting to increased natural catastrophes and shares strategies for handling valuation and claims inflation challenges.
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In Partnership With MarkelScott Whitehead of Markel Insurtech Underwriters discusses the evolving role of digital managing general agents in the insurance industry, highlighting innovation, challenges, and future growth.
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In Partnership With Manulife Investment ManagementJoin Insurance Insider for a free webinar, in partnership with Manulife Investment Management, 10:30 ET/3:30 BT on Jan. 22,
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In Partnership With The HartfordMatt Scott discusses how The Hartford is shifting from traditional insurance to innovative partnerships, enhancing client value beyond risk transfer.
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In Partnership With AXISJason Busti, President of North America for AXIS Re discusses the complexities and challenges of 2024 midyear casualty renewals
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In Partnership With hyperexponentialRisa Ryan, head of US P&C at Hyperexponential, discusses the transformative impact of technology on the insurance industry.
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In Partnership With BeazleyBusinesses are increasingly interested not just in property catastrophe insurance, but also parametric solutions and directors & officers to help cover claims related to climate change, said Bob Quane, chief underwriting officer, Beazley.
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In Partnership With MarkelJoin Insurance Insider for a free webinar, 10.30 ET/15.30 GMT on 15 October,
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Smaller companies may follow in the steps of the larger insurers who’ve already taken charges. “That trend has legs,” said Marc Adee, Chairman and Chief Executive Officer, Crum & Forster.
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The need for specialty lines is greater than ever before, said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty.
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In Partnership With ArchAbout 80-90% of the global economy is based on intangible assets, said Ian Lewis, Head of Intangible Assets for Arch Insurance International.
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In Partnership With AXISFacing increased existential pressures, businesses are seeking more robust financial lines protection, said Mark Paccione, head of retail financial lines, lower middle markets, for AXIS.
From our other titles
From our other titles
From our other titles
From Insurance Insider ILS
Nephila’s Q3 ILS operating revenues up 21% YoY to $30.3mn
Operating revenues were also up on the $29.1mn reported over Q2.
From Insurance Insider ILS
RenaissanceRe AuM grows 7% to $7.5bn in Q3
Third-party investors made a net income of $415mn in the quarter.
From Insurance Insider US
‘We’re holding ourselves accountable’: CA insurance commissioner Lara
California’s insurance regulator has Fair Plan depopulation, cat models on his mind.
From Insurance Insider US
Claims frequency in physicians medmal starting to creep up: Doctors president
Despite tort reform, physicians’ insurers are struggling with the same loss inflation challenges as other liability peers.
From Insurance Insider
CNA Hardy names Booth head of specialty as Berman departs
Ariel Berman joined the company as head of specialty in 2023.
From Insurance Insider US
Ascendex launches with plans for 5-7 programs in two years
Altamont Capital MD Sam Gaynor said the goal is to have fewer programs that can each grow to a significant size.
Insurance Insider US provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.