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Cedants are opting to bank double-digit savings as reinsurers fight for market share.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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Andrew Ealey joined Canopius in 2010 as a property treaty underwriter.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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Solutions are being used to fill the gap left by traditional agg markets.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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The country's competition commission said the takeover would result in less competition.
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The highest portion of losses was experienced in Alberta.
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Expectations that reductions would cap out at low double digits are fading due to capacity oversupply.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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China Taiping has been identified as the building owner’s insurer.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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The peril has been historically difficult to model compared to others.
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After a challenging period, the industry is now earning above its cost of capital.
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The French mutual is one of the first major 1.1 accounts to firm-order.
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Existing facilities and carrier partners will be transferring from K2.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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The reinsurer said discipline was now “equally important as price”.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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P&C GWP grew by 7.1% to EUR26.8bn over the period.
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The (re)insurer has a higher-than-average Jamaican market share.
