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The broker said demand grew more slowly than reinsurer appetite. -
Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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Sources said the executive will join AJ Gallagher in a regional leadership position.
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CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
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The three lines add up to 80% of the deal.
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The transaction mostly covers casualty portfolios of 2021 and prior underwriting years.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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The carrier has used Lloyd’s London Bridge 2 structure for the launch.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
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AIG launched an IPO of Corebridge Financial in September 2022.
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A quick roundup of our best journalism for the week.
