Re/insurers
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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. -
The executive’s 30-year career includes stints at Neon, Chubb and Arch.
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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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Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
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Light cat losses at year-end portend capital deployment and return decisions in 2026.
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The peril has been historically difficult to model compared to others.
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Sizable reserve releases offsetting casualty reserve charges cannot last forever.
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Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
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The deal to reopen the government also extended the NFIP.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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The executive noted that an influx of new entrants in the E&S market is increasing competition.
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Fears of the oncoming soft market are causing a sector rotation away from P&C.
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The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
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Both the primary and reinsurance segments benefitted from a light cat year.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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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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A re-focus on reinsurance nearly brings Everest back where it started.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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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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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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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 global insurer will need to convince investors on the quality of the book.
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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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The appointments are aimed at offering a clearer team structure.
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Cat losses in Q3 were light as peak hurricane season passes without incident.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The protection covers the US insurance book for the 2024 and prior accident years.
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Brian Church has spent 20 years at Chubb.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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Insurers are pleased, brokers are looking for trade-offs, and everyone’s talking about Howden.
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When owners are not paying attention, discipline and governance are not top priorities.
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Expansion into adjacent markets, capital return and M&A among top means of capital deployment.
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The executive was most recently serving as CRO – insurance.
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Industry stocks were firmly behind the S&P 500 in Q3.
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Superintendent Harris is stepping down this month after four years of service.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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The NHC also warned that a hurricane watch could be required in Bermuda as early as Monday afternoon.
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The New York City gala paid tribute to the industry’s top talent.
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Lower rates mean lower investment incomes and higher book values for insurers.
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The tropical cyclone is expected to be named Imelda.
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Juries don’t significantly differentiate in cases involving severe injury.
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Despite the formation of Gabrielle, there is "a very high probability" of a below-average season.
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Markel’s Bryan Sanders is receiving the Lifetime Achievement Award for his service to the industry.
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Cat losses in August were below historical trends, but we are not in the clear just yet.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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The affirmations reflect Everest’s strong underwriting diversification.
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Models anticipate a busier second half, particularly in the next few weeks.
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The platform aims to “bend the loss curve”.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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The bipartisan legislation would make Fema a cabinet-level agency.
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P&C stocks recovered faster than the S&P 500 following a late July dip, but a gap remains.
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The executive most recently served as head of North American treaty reinsurance.
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The executive said claims can be a differentiator in a softening market.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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The all-cash deal values the Bermudian’s stock at a 36% premium.
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This publication first reported deal talks last week.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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Cat losses in July were below historical trends, but all eyes are on peak hurricane season.
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The insurer has chosen a “take two” deal after buying Endurance, betting again on Bermuda.
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Storm surge of two to four feet could affect the North Carolina coast.
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The Delaware high court’s reasoning could find application in other cases.
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This publication revealed yesterday that the two were in detailed takeover talks.
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Sources said that detailed discussions have taken place, with a clear path to a deal.
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Life-threatening surf and rip currents are expected on the east coast of the US.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
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The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
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The move will impact around $50mn of gross written premiums in total.
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With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company has also expanded its relationships with US and UK MGAs.
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The company was right to drop its reinsurance unit and refocus on its specialty roots.
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The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
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Reinsurers are mostly aligned on cat reinsurance, but goals are otherwise diverse.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Lion's share of Markel Re staff have been offered roles at Ryan, with others to work on run-off.
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The Miami-based executive assumes the role left vacant by April McLaughlin.
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Specialty casualty now accounts for around 22.2% of its insurance business mix.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
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Pricing was “virtually flat” in the second quarter.
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The Insurance Insider US news team runs you through the earnings results for the day.
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This brings the carrier’s total limit on the program to $1.8bn.
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Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Softer market conditions are likely to create a wave of consolidation favoring large brokers.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The awards, now in their fifth year, will be held in New York at 583 Park Avenue on September 25.
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The move consolidates the company’s leadership of primary and excess construction casualty lines.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The suit claims billions of dollars are being illegally withheld.
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The US accounted for 92% of all global insured losses for the period.
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The Inflation Reduction Act 2022 established new tax credits to incentivize investment in renewables.
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Despite predicting fewer hurricanes, the numbers are still above average.
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The broader legislation narrowly passed the Senate and now heads to the House.
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Additional buybacks are more feasible if P&C stocks slip and pricing moderates.
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PwC reported that deal volume decreased to 209 deals from 297, but values climbed to $30bn from $20bn.
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A deep-dive analysis shows LitFin is not the boogeyman this industry paints it out to be.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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Marsh McLennan CEO Doyle dubbed legal system abuse a "tax” on US economy.
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With fee income less understood, a primary acquisition or merger could reset the narrative.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
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Wildfires resulted in heavy losses for insurers focused on HNW, personal lines and reinsurance.
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The executive has been with the firm since 2011.
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The company has settled, or is in the settlement stage, for 80% of the exposure.
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The revision is significantly lower than the $4.5bn October estimate.
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This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
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The medical CPI is up 3.1% for the last 12 months.
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The company completed its upsized IPO last week and traded up to 1.3x book.
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The company’s upsized public offering priced at $30 per ordinary share.
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Hamilton also expects rising demand and stable supply for June 1 renewals.
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IGI saw opportunities in energy, ports and terminals and marine cargo but remains cautious in long-tail lines.
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The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
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Gallagher Re said rates had softened in 2025 versus the prior two years.
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The appointment is part of the company’s expansion in the marine market.
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Space pricing experienced double-digit increases after the 2023 capacity retreat.
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We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
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The remediation process is on track for completion in the fourth quarter.
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The days of 30%+ growth are probably behind the firm, he said.
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Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.
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The carrier is targeting an IPO valuation between $2.6bn and $2.9bn.
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Here’s the five-pillar playbook for insurers ready to move from pilots to profit.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Severe weather in March drove monthly and Q1 losses to historic highs.
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The carrier forecasts stable profits, but tariffs are creating “high uncertainty”.
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ISA is part of Ryan Specialty National Programs, which launched last month.
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Economic unease will join cat losses, renewals, and organic growth as Q1’s key topics.
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Business hates uncertainty and geopolitical tensions are off the charts.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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There is a long waiting list of carriers looking to pull the IPO trigger, but market conditions remain tough.
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It makes sense for Next to secure a sale as an exit strategy in an increasingly challenging funding environment.
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The executive was Everest CEO from 1994 to 2013 and has served as board chair since 1994.
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The new CEO hints at expansion into MGA markets.
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The segment’s underwriting results halved to $532mn in 2024 from $1.07bn in the prior year.
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While significant, the fires are expected to be an earnings rather than a capital event for the industry, John Huff, CEO of the Association of Bermuda Insurers & Reinsurers, said.
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Four cat modelers have also submitted their tech for regulatory review.
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The industry continues to take reserve addition medicine in smaller doses than recommended.
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These events can also no longer be considered secondary perils, executives said.
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RAA president Frank Nutter says he hasn’t been able to get an update on the project from the now Trump-led NOAA.
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The estimate is based on industry losses in the range of $35bn-$45bn.
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Katie McGrath is appointed CorSo CUO amid a restructure of the unit.
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The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
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GL and commercial auto rates accelerate at year-end as social inflation worsens.
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More than 33,000 claims had been filed as of 5 February.
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Insurance stocks are lukewarm amid earnings season, cats and political changes.
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The carrier’s year-end kitchen sink action is a make-or-break moment for a troubled franchise.
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The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.
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Most carriers paid more in homeowners’ claims than they collected in premiums.
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The carrier can claim separately for the Palisades and Eaton fires if necessary.
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Year-end reserving, Milton and wildfires will dominate Q4 earnings discussions.
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New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
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Most insurers outperformed the S&P 500 last year, but the trend is unlikely to continue.
