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Reinsurers are willing to concede on pricing, while cyber interest is on the rise. -
The reinsurer stressed it “did not shy” from cat business in 2023.
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The reinsurer plans to grow its US business at a higher rate than its non-US business.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Improved performance and growing investment returns played a role in the upgrade.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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Despite formation of Gabrielle, there is "a very high probability" of a below-average season.
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The change in reinsurance intermediary follows an RFP for the account.
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The economic loss from the event was around EUR7.6bn.
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The move comes as the broker rebuilds its Bermuda team.
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Louis Tucker helped establish Barbican Insurance, which was later sold to Arch in 2019.
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The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
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Reinsurer executives stressed that the industry worked hard on setting the right structure.
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The business said it was experiencing strong momentum on the Island.
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Losses were primarily driven by personal property lines.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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The syndicate is targeting capital allocation for 1 January, the company confirmed.
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Cedants target methods of reducing pressure on earnings as reinsurers chase growth.
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Being conservative and stable is the name of the reinsurer’s game.
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The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.
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Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
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Stefan Golling also said Munich Re’s appetite for agg covers was unchanged.
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The reinsurer’s new CEO said he sees no need for a radical shift in strategy.
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Rates will remain elevated in a period of structurally higher risk premia.
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Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.
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Maintaining underwriting discipline was central to the Corporation's messaging.
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The executive most recently served as head of North American treaty reinsurance.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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The ratings agency warned negative PYD on US casualty will likely continue.
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Signs of discipline indicate a “break” from past boom/bust market cycles.
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Some 32% of survey respondents expect property cat rates to fall by more than 7.5%.
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The reinsurance veteran joined Aon nearly 20 years ago from Cooper Gay.
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Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president.
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The group claims the White House is undermining disaster preparedness.
