-
The governor has yet to sign a pending bill to create a public cat model. -
The reinsurer plans to grow its US business at a higher rate than its non-US business.
-
The carrier has hired José David Jiménez García as managing director for Germany.
-
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.
-
As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
-
The carrier will pay special dividends only in exceptional circumstances.
-
Plus, the latest people moves and all the top news of the week.
-
The facility will initially focus on US, Bermudian and European business.
-
Stephen Ridgers is leaving his current role as head of construction midcorp at Allianz Commercial.
-
Continental composite carriers aim to smooth volatility with new initiatives.
-
The deal will be watched closely by Radian’s handful of similar peers.
-
Part four looks at how the talent landscape will shift in response to AI introduction.
-
The Bermuda reinsurer has been active in ILS since launching in 2007.
-
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 measures also seek to encourage greater wildfire mitigation efforts.
-
The sidecar will support five programs providing specialty frequency coverages.
-
The assistant treasurer is also due to review the Australian cyclone pool.
-
From aviation claims to retention challenges, underlying dynamics will take time to play out.
-
Models anticipate a busier second half, particularly in the next few weeks.
-
The carrier’s US and Europe claims teams will report to Clayden.
-
The platform aims to “bend the loss curve”.
-
The syndicate is targeting capital allocation for 1 January, the company confirmed.
-
The carrier’s chief buyer urged a partnership approach from reinsurers.
-
Cedants target methods of reducing pressure on earnings as reinsurers chase growth.
-
Sources said that the carrier has held preliminary talks with private debt investors.
-
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.
-
The former Hannover Re CEO said reinsurers must use alternative capital and tech.
-
The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
-
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”.
-
Tim Barber joins from QBE Re, where he was head of North America.
-
Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
-
Cyber reinsurance supply has continued to outstrip demand during 2025.
-
Donna Swillman is currently a senior underwriter at Axa XL.
-
The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
-
The data modeling firm said losses previously averaged $132bn annually.
-
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 ratings agency was presenting its outlook ahead of the Monte Carlo Rendez-Vous.
-
The Japanese carrier faces integration challenges to make a success of the deal.
-
James River said the court was right to dismiss the fraud case.
-
Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
-
Insight into the state of the insurance M&A market, powered by this publication's deal database.
-
Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
-
The lawsuit has been filed as sales talks with Sompo yielded a deal.
-
This publication first reported deal talks last week.
-
Last year marked the second consecutive year in which carriers made a positive return.
-
The group claims the White House is undermining disaster preparedness.
-
The Bermudian reiterated its pledge to improve performance.
-
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.
-
Part III of our series looks at where AI is being integrated into underwriting departments.
-
Covea had requested a stay in the proceedings.
-
The P&C division booked a combined ratio of 81.1% for the first half of 2025.
-
The estimate covers property and vehicle claims.
-
Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
-
The reinsurer chair said the frequency of losses today “will prevent prices from slipping too much.
-
Plus, the latest people moves and all the top news of the week.
-
The P&C re segment’s combined ratio improved by 12.7 points to 61.0%.
-
The Swiss carrier improved its P&C combined ratio by 1.2 points to 92.4%.
-
The company also purchased $15mn of SCS parametric coverage.
-
The specialty reinsurer also saw several bad investments hit the books.
-
The executive joined Navigators in 2010 after eight years at White Mountains Capital.
-
The transaction is expected to have a price-to-earnings multiple of 11x.
-
Aviation reinsurance reserving issues will also be a broader focus for the market.
-
Q2 saw a steady stream of activity in legacy, but volumes dipped slightly from Q1.
-
Andrew Laing succeeds Rupert Moore, who will become reinsurance CEO for Asia Pacific.
-
In part II of our series, we look at where AI is being integrated into claims departments.
-
The carrier said market dynamics were shifting due to increased capacity.
-
The legacy player is working to secure its first deal, and could look to expand to US E&S.
-
Insured losses produced the second highest first-half tally since records began in 1980.
-
Plus, the latest people moves and all the top news of the week.
-
Wind season remains an important variable, but also might not change current dynamics significantly.
-
Jill Beggs was most recently COO for reinsurance.
-
The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
-
A look into how the insurance industry is using AI and where practical gains are arising.
-
Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
-
Plus, the latest people moves and all the top news of the week.
-
Questions remain over regulatory touch, capital requirements and tax benefits
-
The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
-
Syndicate 1947 is gearing up to expand its marine reinsurance portfolio.
-
The reinsurer said US president Donald Trump’s policy was already impacting investment.
-
The availability of capacity remains the market’s key driver, the broker said.
-
The claims specialist spent 30 years at Amlin before joining TFP.
-
The former Hiscox Re & ILS specialty underwriter starts on 7 July.
-
Plus the latest people moves and all the top news of the week.
-
The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
-
The changes affect operations in Switzerland, Bermuda and the US.
-
Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
-
Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
-
The programme’s total limit this year is down $594mn to $1.36bn.
-
Green hushing is on the rise as Trump rows back on climate initiatives.
-
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
-
It has been a volatile week for the marine war market in a period of geopolitical turmoil.
-
Insight into the state of the insurance M&A market, powered by this publication's deal database.
-
The carrier is expanding its appetite for sustainable construction of large commercial buildings.
-
R&Q Gamma’s outstanding liabilities predominantly relate to the UK P&I Club.
-
Hannover Re’s CEO is lowest paid among peers, despite their pay growing 77% since 2015.
-
This publication revealed his exit from MS Re last month.
-
The company has also promoted Alex Baker and Tim Duffin.
-
The start-up has hired four people to join the division.
-
Argo shelved the sale of its Bermudian insurance business in mid-2024.
-
She replaces Matthew Sheppard, who has become deputy CUO in London.
-
The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.
-
William Soares moves from casualty and specialty CUO to president.
-
Up to nine million acres of US land are considered likely to burn.
-
The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
-
The Floridian also secured $352mn of multi-year coverage extending to 2027.
-
Last week, TSR updated its forecast and is now predicting above-average storm activity.
-
Eckert said the reinsurance market is still at historically well priced levels.
-
What’s next for Conduit Re’s strategy following a leadership shake-up?
-
A 20% increase in FHCF retention levels sent cedants to the private market.
-
The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
-
The change reflects the company’s growing profile within the MS&AD group.
-
It previously predicted activity slightly below the 1995-2024 average.
-
While M&S had a cyber policy in place, Co-op and Harrods did not, Insurance Insider revealed.
-
The agency forecasts up to five major hurricanes and 19 named storms.
-
The carrier’s combined ratio improved by 0.7 points YoY to 91.1%.
-
The underwriter joined Catlin in 2006.
-
Vincent Hermenier joined Hannover Re in 2004.
-
As with 2024, pricing pressure has been most acute on top layers.
-
The reinsurer reported EUR2.1bn GWP for the year.
-
The company’s parent MS&AD reported group profit of 691bn yen for the year.
-
P&C combined ratios were higher than Q1 2024, and wildfires impacted Hannover Re most.
-
Andrew Kane has spent eight years at QBE.
-
Plus the latest people moves and all the top news of the week.
-
The reinsurer’s CFO cited a 1.5% net price reduction year to date.
-
The carrier’s overall P&C combined ratio improved 0.1 points to 91.8%.
-
Renewable retrospective solutions were a key point during the discussion.
-
The revision is significantly lower than the $4.5bn October estimate.
-
Soft conditions have led to “less acute" underwriting discipline, sources said.
-
The market has broadened its risk appetite and infrastructure over the years.
-
The carrier’s share price dropped 3.6% on its Q1 results.
-
The executive said secular heightened risk trends would fuel the carrier’s primary expansion.
-
The carrier booked EUR800mn in LA losses in the P&C segment.
-
The carrier’s estimated first event limit could increase 16%, to $1.35bn.
-
The firm expects to replace the volume with Innovations-channel business.
-
Cat losses for the quarter added 3.2 points to the carrier's combined ratio.
-
Q1 adverse reserve development went down to $4.2mn from $5.4mn a year ago.
-
The carrier reported a below-budget cat experience, despite the California wildfires.
-
The Canadian conglomerate’s total cat losses in Q1 reached $781mn, including $692.1mn from the fires.
-
The reinsurer said the market was unprofitable and pricing needed to increase immediately.
-
The carrier reported a 3% price reduction across London market business.
-
The Bermudian reported net pre-tax cat losses of $49mn, with $32mn attributable to the California wildfires.
-
The group reported “robust” growth in property reinsurance premium.
-
The executive will oversee Howden Re’s treaty and fac business in Miami.
-
The broker said the burgeoning class of business was still finding its stride.
-
His leadership roles included overseeing the firm’s capital solutions group.
-
The firm said supply and demand was becoming more in balance than at 1 January renewals.
-
In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
-
The property segment experienced a 113.5-point impact from the California wildfires.
-
The carrier announced a major writedown in its L&H book last year.
-
The legacy carrier reported an operating loss of $45.3mn for the year.
-
The CUO’s turnover closely follows that of the CEO.
-
Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?
-
Alex Amezquita will fill Cahill’s previous position as CFO.
-
The business will still look at large non-life deals in particular in-the-money ADCs.
-
It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach.
-
The carrier launched with the aim of writing $300mn of business this year.
-
Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
-
The ratings agency said underwriting-cycle management would be key going forward.
-
Despite a softening market, carriers still have belief in their profitability, sources said.
-
The prediction comes after a highly active hurricane season in 2024.
-
Markets have taken a battering across the globe following the “Liberation Day” announcement.
-
Elizabeth Wooliston said the immediate concern would be managing ‘value at risk’.
-
The reinsurer said the probe concerns the alleged involvement of its former chairman.
-
Insurance share prices were resilient amid today’s market meltdown.
-
The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
-
Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.
-
The executive was named group CEO in January.
-
Overall market capacity increased by 5.3% year-on-year, the broker reported.
-
Caution around economic volatility wrought mixed outcomes in specialty re.
-
Conduit Holdings announced CEO Trevor Carvey’s retirement today.
-
Analysts see Conduit’s extra reinsurance buying as a positive development.
-
Executive chair Neil Eckert will step in as interim CEO.
-
Recent transactions on the platform include cat bonds from Flood Re and Brit.
-
The shares will be purchased via the open market or private third-party transactions.
-
Reinsurers fended off 20% cuts, but wildfires pleas failed to hold pricing flat.
-
Experts at Insider Progress shared tried-and-true methods to get women into boardrooms.
-
Plus, the latest people moves and all the top news of the week.
-
The hire follows Camilla Gower’s promotion to marine and energy liability head.
-
Sources warned some property XoL books are already running 50% loss ratios.
-
Cyber, marine and aviation are recent areas of focus.
-
Some of the Big Four are slowing growth as the market softens.
-
The property and specialty insurer reported underwriting profits of $131mn ($170mn).
-
He also joined Everest’s board last week as an independent director.
-
The carrier was seeking to expand its 1 March-renewing programme.
-
The reinsurer anticipates downward rate pressure to continue over 2025.
-
Reinsurers’ hopes that LA wildfires will slow 1.4 softening are in question.
-
Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
-
For the prior-year quarter, the carrier reported a EUR9mn loss.
-
Aviation reserve strengthening added 10.1 points to the combined ratio.
-
Tim Chapman also holds the role of EMEA head of construction at Scor.
-
Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
-
Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
-
The ratings agency noted “significant” underwriting improvement in 2023-24.
-
The carrier reported an undiscounted combined ratio of 89.1%.
-
This follows the firm’s exit from primary aviation.
-
Navigating its path to global specialty growth will require operational dexterity.
