Reinsurance
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle. -
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 London-based MGA will begin underwriting its international book next month.
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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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The peril has been historically difficult to model compared to others.
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Habayeb will start next May following Kociancic's retirement.
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After a challenging period, the industry is now earning above its cost of capital.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The Australian insurer is a major cat cedant and had hoped to set up a reinsurance syndicate.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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The French mutual is one of the first major 1.1 accounts to firm-order.
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Existing facilities and carrier partners will be transferring from K2.
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David Croom-Johnson will now focus exclusively on CEO duties.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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The reinsurer said discipline was now “equally important as price”.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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The executive said that outside of property cat, renewals will be “relatively stable”.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The Aspen exec highlighted the London market’s long-standing reputation for innovation.
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This publication revealed Volante was in talks with legacy players last month.
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Rohan Davies joined Markel International 17 years ago as an underwriter.
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Patrick Tiernan was addressing 400+ delegates at the London Market Conference.
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P&C GWP grew by 7.1% to EUR26.8bn over the period.
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The (re)insurer has a higher-than-average Jamaican market share.
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The group raised its full-year net income guidance to EUR2.6bn.
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The charity said that improved ecosystems could help protect from disasters.
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The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
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On a net basis, premiums written were up 4.7% to $641.3mn.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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Cyber, mortgage and crop were identified as attractive growth areas.
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The consortium will target excess layers, providing $250mn of capacity.
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The carrier said nat-cat losses remained “well below” those of prior years.
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The carrier’s retail division saw premiums increase by 7.3% to $2bn.
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The executive said the firm has grown its casualty business by 80% from 2022.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier anticipates a “favourable” retro renewal at 1.1.
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The carrier said market dynamics remained robust, with overall pricing healthy.
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The broker’s hiring to date has focused on the specialty segment.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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APAC now represents roughly 15% of all Lloyd’s premium.
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Widespread underinsurance and low exposures will limit losses.
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Citi and Berenberg believe the carrier is more resilient than in the past.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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The Bermuda carrier brought a winding-up petition earlier in October.
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CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The Spanish (re)insurer reported a group net profit of EUR829mn.
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Prices were 37.4p per £1 of capacity, according to Argenta.
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The broker grew earnings per share by 12.1% during the quarter.
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The syndicate is expected to write ~$300mn of business in 2026.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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Everest’s AIG deal meaningfully cuts its primary exposure.
