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Everest Q2 LR falls 4 points as lower cat losses offset higher insurance LR
Everest’s reinsurance unit grew GWP nearly 27% to ~$2.8bn, driven by an increase of 34.7% in property pro-rata, 29.6% in property cat and 16.2% in casualty pro-rata.
Jairo Ibarra
,
26 July 2023
Arch Re reports nearly 42% top-line growth
The expansion came in tandem with a 3.5-point improvement in the segment’s combined ratio, to 81.9%.
Kyoung-son Song
,
26 July 2023
SiriusPoint names Kattan global head of ceded reinsurance
Kattan’s role will include establishing the strategy and structure of SiriusPoint’s global ceded reinsurance function, managing the ceded team based in Stockholm and overseeing all reinsurance placements.
Shelby Rosenberg
,
26 July 2023
Aspen elevates Brough to head of US distribution
In her expanded role, she will work with trading partners to represent Aspen in the US for all business segments and build out existing distribution strategies.
Shelby Rosenberg
,
26 July 2023
Chubb’s Greenberg: Property insurance rates more favourable than cat
The CEO said Chubb has ‘never seen better pricing’ on primary property.
Rachel Dalton
,
26 July 2023
WTW: What Clarke could do to turn around broking’s stalled giant
Areas of focus should include hiring external talent, securing capital for M&A, speeding up US growth, and answering the reinsurance question.
Adam McNestrie
,
26 July 2023
Property cat risk will be ‘adequate’ in 2024 even if renewals flatline: RenRe
The reinsurer said it was monitoring conditions in the property E&S markets, where it has been reducing capacity to grow in property treaty, as rate gains could provide fertile ground for future growth.
Fiona Robertson
,
26 July 2023
AIG names Sperring as head of global aerospace
Mark Sperring’s promotion comes just a few months after AIG’s former head of global aerospace, Steve Eccles, left the carrier.
Adam McNestrie
,
26 July 2023
Clear Blue ‘highly confident’ in ability to replace Vesttoo coverage and capital
The fronting company says it has sufficient premium to pay all claims on the affected programme.
Rachel Dalton
,
26 July 2023
Opinion: A Coutts-Farage furore and the minefield of client selection
The fallout from Coutts’ cancellation of Nigel Farage as a client provides useful lessons as companies adopt bolder stances around issues such as social justice and climate change.
Samuel Casey
,
26 July 2023
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