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Regulators do too little to distinguish between generalists and specialists, he said. -
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.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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Everest’s AIG deal meaningfully cuts its primary exposure.
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In insurance, premium growth came from all lines of business except cyber.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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This publication revealed that Starr was zeroing in on the deal earlier today.
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The parties could announce the transaction soon, according to sources.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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The start-up has struggled to build scale since its 2024 launch and has cut back its 2026 stamp.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Brokers may encourage clients to capitalise on falling rates by boosting coverage.
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Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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The MGU’s second syndicate launch was delayed from January 2025.
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Matthew Hogg joined Liberty Specialty Markets in 2010.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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Under the terms of the offer, shareholders would receive A$45 for each AUB share.
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Jason Keen joined Everest in 2022 as head of international.
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The buy-in can be seen as a “flip” bet on a rebound in appetite for carrier M&A.
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Consolidated NWP reduction was driven by the reinsurance segment, partly attributable to two transactions in Q3 2024.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The carrier is consolidating its venture capital activity into asset manager MEAG.
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This publication revealed the move earlier this year.
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The Australian broker, which owns Tysers, announced a trading pause.
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The move comes as Michael Creighton is made credit and political-risk director for Africa.
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The storm could bring flooding to Jamaica, Cuba and Haiti.
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Private capital providers are being signed down as two strong years have piqued interest.
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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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The carrier recently expanded its reinsurance product suite in Bermuda.
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Plus, the latest people moves and all the top news of the week.
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A canvassing of the cyber market suggests the impact will be negligible.
