-
Weather events and potential increases in US casualty reserves remain sources of volatility. -
The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
-
The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
-
Price has become a key differentiator in marine and energy.
-
Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
-
The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
-
This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
-
The company named two execs to head global wholesale and commercial.
-
Los Angeles wildfires and SCS pushed US losses to $89bn.
-
The mechanism would work similarly to Flood Re.
-
Several Lloyd’s syndicates are also now providing cover for the federal insurer.
-
The underwriter will fill a newly created role at AIG.
