Re/insurers

PE, more alignment and tech are uncoupling MGAs from traditional market swings.

The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.

All-risks premium increases are now understood to be in the 15% to 20% range.

Better data validation and stronger claims controls are also key for MGAs.

In mid-morning training, the share price had fallen by 12%.

Join senior market leaders for a forward-looking discussion on performance trends, pricing dynamics, M&A signals and risk appetite across both admitted and E&S segments.

Willis reports that the mining market has softened at a ‘considerable rate’ this year.

The peril has been historically difficult to model compared to others.

AI and precise data can enable insurers to innovate policy durations, from annual to transaction-specific, offering more tailored coverage options, said Christina Lucas, Global Market Leader, Insurance, Google Cloud, during an interview at the PwC Insurance Summit.

The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.

The underwriter joins from Beazley.

The latest guide is the first in a two-phase programme with a practical guide to follow.

Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.

After outsized losses, the (re)insurer still sees opportunity in a softening market.

Panellists said recent M&A has not yet led to transformative change for the market.

Property growth plans are cooling, but favourable loss trends will increase surplus capacity.

Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.

The carrier attributed the results to a significant fall in major-loss expenditure.

The UK-based insurer’s Florida Re secured state regulatory approval in June.

An insurability crisis could pose systemic risks that undermine the foundations of finance.

Industry-wide initiatives continue to target expanded youth access to the sector.

The carrier anticipates a “favourable” retro renewal at 1.1.

The federation, FASE, aims to connect all participants to provide a voice for European MGAs.

Both the primary and reinsurance segments benefitted from a light cat year.