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Daily Digest: Top news from 4 September
A roundup of all the news you need today, including the launch of legacy carrier Sophrosyne Partners.
Insurance Insider team
,
04 September 2024
Beryl regains hurricane status as it nears Texas coast
According to BMS, Hurricane Beryl is likely to be a retained event for most insurance carriers.
Abbie Day
,
08 July 2024
Upstream could be entering ‘softening spiral’ as overcapacity persists: WTW
Increased reinsurance retentions left some insurers with their worst net results in a decade.
Samuel Casey
,
16 April 2024
Ratings agencies highlight reinsurer tightrope on performance
Key trends the credit agencies will be monitoring include inflation, redistribution of losses and the investment bounce-back.
Fiona Robertson
,
06 September 2023
Reinsurers
Italian cat pool plans stall as industry awaits state decree
The scheme will not be in place for 2025 as government discussions grind to a halt.
Rachel Dalton
,
25 October 2024
Insider On Air
In Partnership With
The Hartford
The Importance of Accurate Property Valuations in Business Insurance
Ryne Carney, Head of Property Product for The Hartford discusses how underreporting property values can leave businesses vulnerable during a catastrophe.
22 October 2024
Brokers
Ryan Specialty paid $45mn for EverSports, $44mn for Ethos P&C
The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.
Jairo Ibarra
,
31 October 2024
Re/insurers
Reinsurers anticipate limited impact from Storm Boris flooding
Gallagher Re estimated insured losses will amount to between EUR2bn and EUR3bn
Rachel Dalton
,
19 September 2024
Twia estimates Beryl preliminary loss at $400mn
The board of directors has voted for a 10% rate hike.
Jai Singh
,
07 August 2024
BMS Re taps Aon’s Melvin as US president, CEO
Former CEO Pete Chandler had stepped down and assumed a vice chair role in January.
Kyoung-son Song
,
04 September 2024
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