Top Stories / Ad / Most Recent
Top Stories / Ad / Most Recent
-
Fleming Re bought the James River Re legacy book in 2024. -
He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
-
The company had argued the judge missed key info when dismissing the case.
-
The London-based MGA will begin underwriting its international book next month.
-
Habayeb will start next May following Kociancic's retirement.
-
GC continues to pursue Willis Re and individuals in court.
-
Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
-
GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
-
The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
-
Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
-
After outsized losses, the (re)insurer still sees opportunity in a softening market.
-
The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
-
T&Cs, as well as exclusions, remain largely unchanged, the executive said.
-
The carrier is continuing to reposition its portfolio to drive more consistent returns.
-
Casualty rates in Q3 rose 6.1% driven by increases in commercial auto, energy and excess liability.
-
Interim CUO Nick Pritchard turned in his notice in August of this year.
-
YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
-
The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
-
The Bermuda carrier brought a winding-up petition earlier in October.
-
A re-focus on reinsurance nearly brings Everest back where it started.
-
Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
-
The revised outlooks reflect the difficult moment as Everest moves away from retail.
-
Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
-
The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
-
The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
-
Despite the pricing pressure, margins for the line of business remain attractive, he added.
-
The global insurer will need to convince investors on the quality of the book.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The carrier recently expanded its reinsurance product suite in Bermuda.
-
Northeast Insurance said 55 claims were brought under the Child Victims Act.
-
The protection covers the US insurance book for the 2024 and prior accident years.
-
The carrier has been exploring launching into P&C organically or via acquisition.
-
The MGA is also looking to build out its US mid-market professional liability expertise.
-
Mike Mulray joins from Everest, where he was EVP president of North America insurance.
-
The division mostly places higher up the tower, where many insurers have taken action to address SAM losses.
-
The carrier has renewed and extended its capacity arrangement with the MGA.
-
The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
-
The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
-
Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
-
The company will continue its capacity partnership with the MGA until 2030.
-
Marlon Williams will focus on the placement of reinsurance and retro business.
-
The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
-
Vantage Group Holdings received a BBB- long-term issuer credit rating.
-
The business said it was experiencing strong momentum on the Island.
-
The affirmations reflect Everest’s strong underwriting diversification.
-
Bill Bouvier has spent more than three years at the legacy firm in this role.
-
Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
-
The executive most recently served as head of North American treaty reinsurance.
