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Specialty lines

Skyward Specialty to acquire Apollo for $555mn

In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.

Jairo Ibarra, 02 September 2025
Claims and losses

Insurance industry ‘behind the curve’ on developing claims talent: Ascot’s Dalton

The executive said claims can be a differentiator in a softening market.

Clark Mindock, 02 September 2025
Reinsurance

Frequency covers and attachment points focus of 1.1 talks: Gallagher Re

CEO Tom Wakefield said property cat supply is “materially outpacing demand”.

Rebecca Perkins, 02 September 2025
Specialty lines

TransRe adds to specialty unit with Axa XL’s Swillman

Donna Swillman is currently a senior underwriter at Axa XL.

Rebecca Perkins, 02 September 2025
M&A

Sompo ratings placed under positive review by AM Best

The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.

Olivia Royle, 02 September 2025
London market

Coverys Ltd adds Littlemore and Farnworth to board

Farnworth will also chair the carrier’s audit committee.

Rachel Dalton, 02 September 2025
Catastrophe losses

Average annual insured property loss rises to $152bn: Verisk

The data modeling firm said losses previously averaged $132bn annually.

Adam Kovac, 02 September 2025
Renewals

Short-tail reinsurance pricing to fall ~5% at 2026 renewal: S&P

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

Rachel Dalton, 02 September 2025
Reinsurance

Reinsurance capital to grow 7% to $649bn in 2025: AM Best

Signs of discipline indicate a “break” from past boom/bust market cycles.

Liz Bury, 02 September 2025
Reinsurers

Moody’s Ratings pulls reinsurance sector outlook down to stable

Some 32% of survey respondents expect property cat rates to fall by more than 7.5%.

Jai Singh, 02 September 2025

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