Reinsurance
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An “extraordinary” proportion of storms reached Category 5 status this year. -
The executive argued that injunctions following team lifts were “the industry standard”.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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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 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.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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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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This publication revealed that Starr was zeroing in on the deal earlier today.
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The parties could announce the transaction soon, according to sources.
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The start-up has struggled to build scale since its 2024 launch and has cut back its 2026 stamp.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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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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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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The buy-in can be seen as a “flip” bet on a rebound in appetite for carrier M&A.
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This publication revealed the move earlier this year.
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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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The appointments are aimed at offering a clearer team structure.
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Sources said he will join the reinsurance brokerage next year, after his garden leave expires.
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Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
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Sam Geddes will join Syndicate 1918 next year in an executive leadership role.
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The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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The hire follows the departure of David Martin to GIC Re Syndicate.
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EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
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The two lines will add £11mn in planned premium.
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The protection covers the US insurance book for the 2024 and prior accident years.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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Rachel Webber was most recently head of non-marine at TransRe.
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The carrier has been exploring launching into P&C organically or via acquisition.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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Class actions and third-party litigation funding will drive up losses.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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Plus, the latest people moves and all the top news of the week.
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The reinsurer plans to grow its US business at a higher rate than its non-US business.
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Carriers are rethinking the traditional renewal-rights model.
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Without flexible mechanisms the Corporation risks suppressing transactions.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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In July, he took the role on interim basis from Laure Forgeron.
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The recruits will join from Nephila, Aon and Malaysian Re.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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It comes as the MGA expects to write more than $1bn of premium in 2026.
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The carrier will pay special dividends only in exceptional circumstances.
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Joel Hodges will run the international business as managing director.
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Volante launched Syndicate 1699 in 2021.
