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Brokers
High reinsurer confidence at 1.1 renewals expanded capacity: Gallagher Re
Supply generally exceeded demand and trading relationships were ‘strong’, CEO Tom Wakefield said.
Clark Mindock
,
02 January 2025
Renewals
Reinsurers have room to soften T&Cs: Gallagher Re’s Wakefield
The reinsurance market is now in a healthy, stable condition, according to Gallagher Re.
Rachel Dalton
,
02 January 2025
Renewals
Five key takeaways from the 1.1 renewals
Reinsurer appetite largely outweighed demand at 1 January.
Rebecca Perkins
,
02 January 2025
Digests
Daily Digest: Top news from 30-31 December
A roundup of all the news you need, including early broker takes on the renewals and the Jeju Air loss.
Insurance Insider
,
31 December 2024
Reinsurers
Cat price-drop accelerates as reinsurers display appetite
An 11th-hour softening has driven discounts into double-digit territory on some deals.
Rachel Dalton
,
31 December 2024
Commercial lines
SiriusPoint says $733mn CM buyout a 4% boost to diluted book value
The reinsurer is buying out China Minsheng affiliate at year-end.
Fiona Robertson
,
31 December 2024
Reinsurance
Most January 1 renewals saw ‘meaningful over-subscriptions’: Aon
In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
Kyoung-son Song
,
30 December 2024
Claims and losses
Aviation market braces for multi-hundred-million loss on Jeju crash
Axa XL leads the aviation all-risks reinsurance coverage for the destroyed Jeju Air Boeing 737-800 craft.
Abbie Day
,
30 December 2024
Property treaty
Mereo balance sheet misses 1 Jan renewals
The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
Rachel Dalton
,
30 December 2024
Brokers
Crashed Jeju aircraft insured for $41.5mn
Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.
Abbie Day
,
30 December 2024
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