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Market participants on programs/MGU business in particular feel there's more capacity than 12 months ago. -
Cedants are opting to bank double-digit savings as reinsurers fight for market share.
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In casualty, the executive is seeing an acceleration of flight to quality both from cedants and reinsurers.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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Ackman will need leaders like Ajit Jain behind him and make the right bets at the right price at the right time.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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Several of Henrietta Butcher’s former Tysers colleagues have also moved to Lockton Re.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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Fleming Re bought the James River Re legacy book in 2024.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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Highly concentrated, overly leveraged fronts could repeat the Unicover-Reliance story.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The company had argued the judge missed key info when dismissing the case.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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The London-based MGA will begin underwriting its international book next month.
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Light cat losses at year-end portend capital deployment and return decisions in 2026.
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Sizable reserve releases offsetting casualty reserve charges cannot last forever.
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Habayeb will start next May following Kociancic's retirement.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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Existing facilities and carrier partners will be transferring from K2.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The charity said that improved ecosystems could help protect from disasters.
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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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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Sources said the executive will report to Julian Pratt in South Florida.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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