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‘Sophisticated’ reinsurers' cat books to become ‘acceptably profitable’: Gallagher Re

The executive said many reinsurers have secured the pricing and terms necessary to cover their cost of capital.

Rachel Dalton, 03 January 2023
Cresta tallies seven 2022 industry loss events above $1bn

The largest loss of the year outside the US was the Australia flooding in February and March.

Rachel Dalton, 03 January 2023
Rates soar and terms tighten in ‘late, complex and frustrating’ 1.1 renewal

Political violence renewals have been especially demanding, the broker said.

Rachel Dalton, 03 January 2023
Most US cat treaty gaps closed despite ‘shrinkflation’ effect of 1.1

Cedants are grappling with rising rates while coverage narrows.

Fiona Robertson, 30 December 2022
Howden’s acquisitions continue with Spain’s March Risk Solutions

Howden has acquired a 100% stake in Spanish broker March Risk Solutions, in a deal that pushes the revenues of Howden Iberia to more than EUR100mn ($106mn).

Samuel Casey, 30 December 2022
Darag inks workers’ comp reinsurance deal with US carrier

Legacy firm Darag has completed a reinsurance agreement with an undisclosed US carrier that carries a transaction value of around $15mn.

Samuel Casey, 30 December 2022
Storm Elliott insured losses could stretch into single-digit billions: Aon

The broker said that the event was unlikely to produce losses on a similar scale to the 2021 Texas freeze.

Samuel Casey, 30 December 2022
Guy Carpenter: Extreme coverage changes avoided in stressed 1.1 renewal

The broker said this was not yet a settled market as work remained underway.

Fiona Robertson, 30 December 2022
Storm Elliott to leave economic losses in low single-digit billions: GC

Guy Carpenter’s note echoed modelers’ views that Elliott will not be comparable to the losses inflicted by Storm Uri last year.

Marcel Le Gouais, 29 December 2022
Floir updates Hurricane Ian loss estimate to $12.6bn

Just over a month ago, Floir reported claims relating to Hurricane Ian worth $10.3bn.

Aisling Finn, 29 December 2022

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