-
The outlook flags “large uncertainties” amid possible El Niño through summer 2026. -
The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
-
The country's competition commission said the takeover would result in less competition.
-
The highest portion of losses was experienced in Alberta.
-
Expectations that reductions would cap out at low double digits are fading due to capacity oversupply.
-
The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
-
Several Lloyd’s syndicates are also now providing cover for the federal insurer.
-
China Taiping has been identified as the building owner’s insurer.
-
An “extraordinary” proportion of storms reached Category 5 status this year.
-
The peril has been historically difficult to model compared to others.
-
After a challenging period, the industry is now earning above its cost of capital.
-
The French mutual is one of the first major 1.1 accounts to firm-order.
-
Existing facilities and carrier partners will be transferring from K2.
-
The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
-
The reinsurer said discipline was now “equally important as price”.
-
The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
-
P&C GWP grew by 7.1% to EUR26.8bn over the period.
-
The (re)insurer has a higher-than-average Jamaican market share.
-
The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
-
On a net basis, premiums written were up 4.7% to $641.3mn.
-
Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
-
The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
-
Cyber, mortgage and crop were identified as attractive growth areas.
-
The carrier said nat-cat losses remained “well below” those of prior years.
-
The carrier’s retail division saw premiums increase by 7.3% to $2bn.
-
The carrier anticipates a “favourable” retro renewal at 1.1.
-
Widespread underinsurance and low exposures will limit losses.
-
The Spanish (re)insurer reported a group net profit of EUR829mn.
-
Prices were 37.4p per £1 of capacity, according to Argenta.
-
Opportunities for profitable growth in cat will be hard to predict, the executive said.
-
The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
-
The start-up has struggled to build scale since its 2024 launch and has cut back its 2026 stamp.
-
The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
-
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.
-
The reinsurer plans to grow its US business at a higher rate than its non-US business.
-
The insurer of last resort currently has $2.15bn of cat bond protection on risk.
-
As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
-
Improved performance and growing investment returns played a role in the upgrade.
-
This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
-
Despite formation of Gabrielle, there is "a very high probability" of a below-average season.
-
The change in reinsurance intermediary follows an RFP for the account.
-
The economic loss from the event was around EUR7.6bn.
-
The move comes as the broker rebuilds its Bermuda team.
-
Louis Tucker helped establish Barbican Insurance, which was later sold to Arch in 2019.
-
The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
-
Reinsurer executives stressed that the industry worked hard on setting the right structure.
-
The business said it was experiencing strong momentum on the Island.
