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.
