Reinsurance
-
IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
-
Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
-
Nine-month insured losses still exceeded $100bn due to California wildfires.
-
The reinsurer stressed it “did not shy” from cat business in 2023.
-
Rachel Webber was most recently head of non-marine at TransRe.
-
The carrier has been exploring launching into P&C organically or via acquisition.
-
Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
-
Class actions and third-party litigation funding will drive up losses.
-
Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
-
Plus, the latest people moves and all the top news of the week.
-
The reinsurer plans to grow its US business at a higher rate than its non-US business.
-
Carriers are rethinking the traditional renewal-rights model.
-
Without flexible mechanisms the Corporation risks suppressing transactions.
-
The insurer of last resort currently has $2.15bn of cat bond protection on risk.
-
In July, he took the role on interim basis from Laure Forgeron.
-
The recruits will join from Nephila, Aon and Malaysian Re.
-
-
As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
-
It comes as the MGA expects to write more than $1bn of premium in 2026.
-
The carrier will pay special dividends only in exceptional circumstances.
-
Joel Hodges will run the international business as managing director.
-
Volante launched Syndicate 1699 in 2021.
-
Improved performance and growing investment returns played a role in the upgrade.
-
Inigo CEO Richard Watson said the team is ready for its “second album”.
-
What’s driving the wave of shifting ownership structures in the Lloyd’s market?
-
The executive has worked at Aon for almost two decades.
-
The facility will initially focus on US, Bermudian and European business.
-
The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
-
Continental composite carriers aim to smooth volatility with new initiatives.
-
The vehicle will now cover an E&S program jointly launched with Accredited.
-
Several airlines are understood to have come to market early.
-
Legacy reinsurance deals will be reviewed by the Legacy Review Panel.
-
The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
-
After losing in the High Court, insurers pin their hopes on the Court of Appeal.
-
This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
-
The Corporation’s chair reiterated its aim to reduce the cost of doing business.
-
Equivalent to a Category 5 hurricane, Ragasa is the world's strongest storm this year.
-
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.
-
The low degree of overlap between the combining portfolios benefits both parties.
-
The Bermuda reinsurer has been active in ILS since launching in 2007.
-
Plus, the latest people moves and all the top news of the week.
-
Louis Tucker established and later sold Barbican Insurance to Arch in 2019.
-
How does Lloyd’s plan to secure its future as a leading global marketplace?
-
The mortgage insurer said Inigo will continue to operate as a standalone business.
-
Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market.
-
The deal marks the latest step in Catalina’s shift from P&C to life run-off.
-
The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
-
The combined casualty treaty team has also made a number of hires.
-
The sidecar will support five programs providing specialty frequency coverages.
-
Reinsurer executives stressed that the industry worked hard on setting the right structure.
-
The business said it was experiencing strong momentum on the Island.
-
The practice group will enhance the company’s existing offerings in E&S.
-
Losses were primarily driven by personal property lines.
-
From aviation claims to retention challenges, underlying dynamics will take time to play out.
-
The new recruit will report to group CUO Ian Houston.
-
Nick Fallon is the latest in a string of retro-broker moves in the market.
-
The carrier’s US and Europe claims teams will report to Clayden.
-
A roundup of the breaking news, C-suite interviews and exclusive insights.
-
The deal is expected to result in $700mn in combined GWP in Florida upon completion.
-
The syndicate is targeting capital allocation for 1 January, the company confirmed.
-
Climate risk challenges conventional underwriting wisdom but also brings new opportunities.
-
Blackstone-style capital seeking to get closer to source is a net negative for reinsurers.
-
Cedants target methods of reducing pressure on earnings as reinsurers chase growth.
-
Bill Bouvier has spent more than three years at the legacy firm in this role.
-
The syndicate will be targeting approximately $50mn of GWP in its first year.
-
Sources said that the carrier has held preliminary talks with private debt investors.
-
Scale is increasingly becoming a differentiator for reinsurance carriers, the broker noted.
-
Geopolitical turbulence brings new challenges that primary specialty lines carriers urgently need to address.
-
Being conservative and stable is the name of the reinsurer’s game.
-
Apollo most recently received in-principle approval for Syndicate 1972.
-
The aviation market may prove an outlier following a disastrous year of loss activity.
-
The broker’s joint venture with Bain Capital still lacks a CEO.
-
The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.
-
The sector recorded total premiums written in London of £11.9bn in 2024
-
Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
-
The insurer’s plans for the syndicate were revealed by this publication earlier this year.
-
Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
-
Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
-
Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
-
The company, however, sets a high bar on making a move.
-
Hannover Re Capital Partners is in talks with two investors for 1 January launch.
-
The pair were offered contracts by Willis Re in July.
-
The former Hannover Re CEO said reinsurers must use alternative capital and tech.
-
Earnings covers do not need to equal aggregate reinsurance deals, the broker said.
-
Anticipation, motivation and inspiration are central to effective implementation.
-
Reinsurers are ready to draw a line under a worsening claim outlook across the casualty market.
-
The carrier M&A cycle has started and reinsurance is a segment where acquisitions work better.
-
A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
-
CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
-
Stefan Golling also said Munich Re’s appetite for agg covers was unchanged.
-
The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
-
Swiss Re forecasts more risk transferring to reinsurance and retro markets in the future.
-
Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit.
-
The post-disaster reinsurance start-up model is changing.
-
Excess capacity will sustain softer rates, as organic growth challenges lead to more M&A chatter.
-
Reinsurance CEO Wakefield said reinsurance structures may evolve for prolonged growth.
-
Agency reactions ranged from Fitch revising down its sector outlook to AM Best keeping a positive outlook.
-
Terms are expected to hold, underpinning the stronger recent performance of reinsurers.
-
The CEO said the AHJ acquisition brought a ‘step change’ to Miller’s reinsurance growth.
-
The reinsurer’s new CEO said he sees no need for a radical shift in strategy.
-
Rates will remain elevated in a period of structurally higher risk premia.
-
Ryan Alternative Capital Re was launched in partnership with Axis Capital.
-
Supply for property outstrips demand, but the casualty market is “bifurcated”.
-
Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.
-
Maintaining underwriting discipline was central to the Corporation's messaging.
-
The California wildfires showed reinsurers can absorb major cats and remain profitable.
-
What’s next for the reinsurance market as Monte Carlo approaches?
-
It was announced this week that the business had agreed to be acquired by Skyward Specialty.
-
The treaty underwriter is set to run an MGA within the group.
-
Rachel Turk said product-line facilities had been “under-scrutinised”.
-
Former Hannover Re CEO Jean-Jacques Henchoz received the Lifetime Achievement award.
-
Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn.
-
Syndicate 1440 was approved to assume business incepting January 2026.
-
The executive most recently served as head of North American treaty reinsurance.
-
The executive has worked at RFIB, Benfield and Guy Carpenter during his 30-year career.
-
The executive said claims can be a differentiator in a softening market.
-
CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
-
Donna Swillman is currently a senior underwriter at Axa XL.
-
The ratings agency warned negative PYD on US casualty will likely continue.
-
Signs of discipline indicate a “break” from past boom/bust market cycles.
-
Some 32% of survey respondents expect property cat rates to fall by more than 7.5%.
-
The deal is part of Gallagher’s ongoing Asia-Pacific investment strategy.
-
Strong CoRs and investment returns supported profitability in H1 2025.
-
The Japanese carrier faces integration challenges to make a success of the deal.
-
Henrietta Butcher leaves Tysers after decades with the broker.
-
Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
-
James River said the court was right to dismiss the fraud case.
-
Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
-
The broker is in hiring mode in specialty after numerous brokers departed for Willis Re.
-
Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
-
Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
-
After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
-
The reinsurance veteran joined Aon nearly 20 years ago from Cooper Gay.
-
The executive will buy reinsurance for HDI and Talanx’s corporate unit.
-
Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
-
The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
-
The all-cash deal values the Bermudian’s stock at a 36% premium.
-
This publication first reported deal talks last week.
-
Last year marked the second consecutive year in which carriers made a positive return.
-
The ILS play will make the business more capital efficient under new owner Sixth Street.
-
Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president.
-
The group claims the White House is undermining disaster preparedness.
-
The Bermudian reiterated its pledge to improve performance.
-
The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
-
Aspen would give Sompo more reinsurance scale, more US premium and a Lloyd’s presence.
-
This publication revealed yesterday that the two were in detailed takeover talks.
-
This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
-
Sources said that detailed discussions have taken place, with a clear path to a deal.
-
The mid-year renewals point to mounting pressure on reinsurance pricing.
-
The deal was announced last month.
-
Candy Wong spent 30 years at Aon Re China before a stint at Guy Carpenter.
-
Top line grew across all carriers even as pre-tax profits dipped.
-
Peter Vogt will act as a strategic advisor at Axis until the end of 2026.