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Weather events and potential increases in US casualty reserves remain sources of volatility. -
Howard Hughes Holdings agreed to buy the carrier for $2.1bn.
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The company named two execs to head global wholesale and commercial.
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Ackman targets high-teens ROE at Vantage via underwriting gains and equity investing.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
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Fleming Re bought the James River Re legacy book in 2024.
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At present, Mosaic Syndicate 1609 is managed by Asta.
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Guy Carpenter has sued Willis Re over a mass team lift in London and Bermuda in June.
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The deal adds a forward-flow, giving Compre the option to reinsure additional future years.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The company had argued the judge missed key info when dismissing the case.
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The executive argued that injunctions following team lifts were “the industry standard”.
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Court documents provide a window into the ambitious plans.
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Plus, the latest people moves and all the top news of the week.
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The carrier is looking to latch onto emerging economic trends where it can add expertise.
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The business is pursuing growth in Bermuda in captives, cyber ILS and alternative risks.
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The London-based MGA will begin underwriting its international book next month.
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In mid-morning training, the share price had fallen by 12%.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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Habayeb will start next May following Kociancic's retirement.
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Guy Carpenter continues to pursue Willis Re and individuals in court.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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David Croom-Johnson will now focus exclusively on CEO duties.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
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The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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The carrier said market dynamics remained robust, with overall pricing healthy.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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The Bermuda carrier brought a winding-up petition earlier in October.
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Plus, the latest people moves and all the top news of the week.
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The company reported no cat losses but saw a jump in attritional losses.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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Everest’s AIG deal meaningfully cuts its primary exposure.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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In insurance, premium growth came from all lines of business except cyber.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
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Consolidated NWP reduction was driven by the reinsurance segment, partly attributable to two transactions in Q3 2024.
