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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter. -
The power market is experiencing double-digit rate reductions.
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The newly established wholesaler is building out its staff base.
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Longbrook Insurance will write multiple lines of business.
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Carriers must position themselves as underwriting bifurcates.
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Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The underwriter departed Allianz earlier this year.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
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The carrier attributed the results to a significant fall in major-loss expenditure.
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The sector’s recent achievements have flown below the radar, despite huge value creation.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
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The transaction is Davies’ largest strategic M&A addition to date.
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Cyber claims more than tripled year on year.
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Graham Wynes has been at Lockton for more than 14 years.
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The (re)insurer has a higher-than-average Jamaican market share.
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The broker has started hiring in London, taking Tysers D&O specialist Dan Lovett.
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James Kelly joins from Besso, having held senior positions at JLT, Lockton and Gallagher.
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The group raised its full-year net income guidance to EUR2.6bn.
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Specialised service providers like CDK can pose more frequency risk than global operators.
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The charity said that improved ecosystems could help protect from disasters.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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An insurability crisis could pose systemic risks that undermine the foundations of finance.
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The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The loss would be one of the largest ever for mining underwriters.
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On a net basis, premiums written were up 4.7% to $641.3mn.
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The hedge fund had significant investment aims for the London market.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
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Plus, the latest people moves and all the top news of the week.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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The June 2024 ransomware attack produced claims across many firms.
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Cyber, mortgage and crop were identified as attractive growth areas.
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The consortium will target excess layers, providing $250mn of capacity.
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The carrier said nat-cat losses remained “well below” those of prior years.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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Industry-wide initiatives continue to target expanded youth access to the sector.
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The carrier’s retail division saw premiums increase by 7.3% to $2bn.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier anticipates a “favourable” retro renewal at 1.1.
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The Marsh-placed account renews its all-risks cover on 16 November.
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The CEO said smart-follow is a structural evolution of the specialty market.
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Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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The carrier said market dynamics remained robust, with overall pricing healthy.
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Lack of major cat events could add further pressure on 1 January pricing.
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Marsh is also suing a second tier of former Florida leaders.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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Widespread underinsurance and low exposures will limit losses.
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Citi and Berenberg believe the carrier is more resilient than in the past.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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Both the primary and reinsurance segments benefitted from a light cat year.
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The Bermuda carrier brought a winding-up petition earlier in October.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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Many commercial risks will have London coverage, but insured values are relatively low.
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CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The energy broker’s career also includes a stint at Price Forbes.
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Regulators do too little to distinguish between generalists and specialists, he said.
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The Spanish (re)insurer reported a group net profit of EUR829mn.
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The business has not initiated a sale process, with the wheels not yet actively turning on an exit for Apiary.
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Prices were 37.4p per £1 of capacity, according to Argenta.
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The broker grew earnings per share by 12.1% during the quarter.
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The syndicate is expected to write ~$300mn of business in 2026.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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Starr’s reinsurance ambitions and embrace of Lloyd’s will be watched closely.
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The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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The company reported no cat losses but saw a jump in attritional losses.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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How do struggling governments across the globe tackle stagnating economic growth?
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The fundraising structure for the deal includes a $600mn Convex debt raise.
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The broker will join Ron Borys’ financial lines team.
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The broker has more than 20 years’ experience in the energy market.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
