Retrocession

The sidecar will support five programs providing specialty frequency coverages.

Nick Fallon is the latest in a string of retro-broker moves in the market.

The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.

Syndicate 1440 was approved to assume business incepting January 2026.

The ratings agency warned negative PYD on US casualty will likely continue.

Covea had requested a stay in the proceedings.

This brings the carrier’s total limit on the program to $1.8bn.

The broker has nearly 20 years of experience in the reinsurance and retro markets.

The Bermuda-based team is led by John Fletcher. 

The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.

The role will focus on international treaty, specialty lines and strategic advisory.

The terrorism pool has shifted its programme from facultative to an XoL arrangement.

The executive has worked in a variety of senior underwriting roles at the reinsurer.

The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.

The reinsurer is planning to drop its cession rate from 40% to 30%-35%.

After HannoverRe announced a 2025 CEO transition, here is our last review on the company's successes and challenges ahead

The depth of the retro market recovery will be an influential factor in the pace of the cat market slowdown from here.

Tokio Marine has told cedants that it will discontinue its aviation retro book as the effects of the mammoth Boeing loss continue to ripple through the market, this publication can reveal.

Sang Hun Park previously spent nine years at Allianz before joining Munich Re as a senior origination manager in August 2021.

The carrier has increased its retro capacity by 56% to EUR1.34bn.

More retrocession capacity is likely to be deployed during 2023 as pricing holds up across the primary, reinsurance and retro markets, according to Conduit Re.

The intermediary recorded “one of the hardest reinsurance markets in living memory” as primary rate increases slowed.

The deal protects the carrier’s capital in the event of large nat-cat or mortality losses.

The exit highlights increasingly difficult conditions in the retro and reinsurance markets.

The carrier has become the latest in a string of reinsurers unwilling to write retro at 1 January.

The RenRe vehicle, formerly a major retro writer, has been a reduced force this year.

It is understood that Ascot will continue to write worldwide retro business.

Inflation, heightened cat activity and years of poor reinsurance returns are fuelling demands for wholesale change in the European market.

Fidelis and MS Reinsurance are among the ceding companies that have support from Ajit Jain’s unit.

Kevin O’Donnell also said 1.5-point rises in ceding commissions for long-tail line treaties were an “acceptable” increase in acquisition costs, given improved underlying profitability.

Plus the latest executives on the move and all the top news of the week.

Greater participation of cat bond investors in the retro market has some advantages alongside the risks.

The unwinding of the pandemic, inflation and specialty pricing are set to be some of the areas of focus for the market.

Retro renewals have made major progress in early January, but programme gaps remain at some levels, with reinsurers left carrying more risk net.

Negotiations were dragged out by decisions being referred for sign-off at senior levels.

CyberCube also forecast that fresh capital will start to flow into the cyber insurance market next year.

Panel turnover could be on the rise, as retro change may have a knock-on impact

The CFO said today’s favourable nine-month numbers were due to a sustained effort to improve P&C underwriting discipline.

A rampaging cat bond market should lead more cedants to consider its long-term advantages.

Outside the US, two Indian cyclones are expected to have caused more than $4.5bn of economic losses.

The start-up's new hire was a founding member of the leadership team at Fosun-owned Peak Re.

The executive will take up the Hong Kong-based post on 1 September.

Simon Moore has joined Lockton Re as a senior broker in the company’s non-marine retro and property specialty team, based in London.

Hannover Re and Fidelis provided significant capacity on the Munich Re-led programme.

ARPC said the move improves the pool’s capital strength.

The A$14bn pool will switch brokers on 1 April.

The move from Fidelis to hand back $275mn of capital is rare in a "use it or lose it" world, but what does this say about the direction of the retro market?

The reinsurer was chasing a high 15% net return target and said lower demand and capital trapping made this unachievable.