Reinsurers
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The deal to reopen the government also extended the NFIP. -
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 UK-based insurer’s Florida Re secured state regulatory approval in June.
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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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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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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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Widespread underinsurance and low exposures will limit losses.
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The Bermuda carrier brought a winding-up petition earlier in October.
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Many commercial risks will have London coverage, but insured values are relatively low.
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The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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The FIO said it will work with regulators on coverage for digital assets.
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Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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The regulations are designed to address long-term solvency concerns.
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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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Jason Keen joined Everest in 2022 as head of international.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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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 carrier is consolidating its venture capital activity into asset manager MEAG.
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This publication revealed the move earlier this year.
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September’s medical care index increase follows a 0.2% drop in August.
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A canvassing of the cyber market suggests the impact will be negligible.
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The reinsurer also hired Martin Bages as Latin America and Caribbean head.
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AWS suffered a large-scale service disruption originating in northern Virginia.
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An average of 81% of property accounts renewed flat or down.
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Private capital–backed buyers accounted for 73% of the 513 transactions this year.
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The decision impacts 5% of the reinsurer’s North America P&C facultative premiums.
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State Farm is under investigation as its premiums have been rising “drastically".
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Though wildfire losses are up, total losses are the lowest since 2015.
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A US district judge ruled a delay could put human life and property at risk.
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The carrier has been exploring launching into P&C organically or via acquisition.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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The governor has yet to sign a pending bill to create a public cat model.
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Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.
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The state’s AG said the case threatens continued offshore oil and gas operations.
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The mood in Orlando was sunny among cedants and reinsurers alike, but there are clouds on the horizon.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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The move marks Acrisure Re’s first investment in Latin America.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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It is understood around $1bn of premiums could be ceded to the proposed vehicle.
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Expansion into adjacent markets, capital return and M&A among top means of capital deployment.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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New home sales could be impacted by a prolonged stalemate.
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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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Juries don’t significantly differentiate in cases involving severe injury.
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Economic volatility, including from tariffs and rising interest rates, is reshaping risk profiles for specialty insurers.
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Despite the formation of Gabrielle, there is "a very high probability" of a below-average season.
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The risk also ranked as a top three concern for companies of all sizes.
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The low degree of overlap between the combining portfolios benefits both parties.
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The measures also seek to encourage greater wildfire mitigation efforts.
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While the Fed is more concerned with jobs, other macroeconomic concerns trouble the industry.
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Following the Golden Age of Specialty, franchise quality will play a bigger role in determining success.
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The practice group will enhance the company’s existing offerings in E&S.
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IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
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The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
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Models anticipate a busier second half, particularly in the next few weeks.
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The carrier’s US and Europe claims teams will report to Dominic Clayden.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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Ransomware claims have made up the majority of recent large losses.
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The company saw a 53% decrease in cyber claims after a surge in 2024.
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Sources said that the carrier has held preliminary talks with private debt investors.
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Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
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Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
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Rates will remain elevated in a period of structurally higher risk premia.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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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 action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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The data modeling firm said losses previously averaged $132bn annually.
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James River said the court was right to dismiss the fraud case.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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Last year marked the second consecutive year in which carriers made a positive return.
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He succeeds Felix Cassau, who is joining Hannover Re.
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The group claims the White House is undermining disaster preparedness.
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The insurer has chosen a “take two” deal after buying Endurance, betting again on Bermuda.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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Sources said that detailed discussions have taken place, with a clear path to a deal.
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GL and workers’ comp, however, may benefit from a more competitive environment.
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Ongoing pricing headwinds stand to weigh on carriers’ returns and valuations.
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The company said the judge overlooked key issues in dismissing its fraud case.
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Despite mild headline CPI, some insurance-related items are heading in a worrying direction.
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Profitability improves, even as growth stagnates.
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July’s medical care increase was up from June’s o.6%.
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The estimate covers property and vehicle claims.
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The carrier is the first Fortune 500 company to take a stake in a League Two club.
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Both organisations still predict an above-average hurricane season.
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As the fires spread, the priority shifted from saving structures to saving lives.
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The 127-acre corporate campus has been the reinsurer’s North America headquarters since 1999.
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This publication reported yesterday that Talanx was closing in on the sale.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The loss was driven by nat cats and reserve adjustments in US casualty.
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The company also purchased $15mn of SCS parametric coverage.
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The specialty reinsurer also saw several bad investments hit the books.
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The S&P 500 outperforms as P&C tumbles on mixed earnings.
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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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Q2 saw a steady stream of activity in legacy, but volumes dipped slightly from Q1.
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The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.
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The CEO said business remains adequately priced in most classes.
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The carrier is reducing its exposure to quota shares and shifting to XoL.
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The carrier said market dynamics were shifting due to increased capacity.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The executive has been with the company for roughly one year.
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The executive left Lockton Re in June after almost six years.
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North American carriers completed the most transactions in the first half of 2025.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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Jill Beggs was most recently COO for reinsurance.
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The research team presents the June cat heatmap.
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The alleged insurance fraud targeted anyone who could fund the settlements, argued the plaintiffs.
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Rising inflation could raise claims severity but also increase investment income.
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Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
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Rate gains are easing across many commercial and personal lines.
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June’s increase was up from May’s 0.2%.
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The Inflation Reduction Act 2022 established new tax credits to incentivize investment in renewables.
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Social inflation, reserving, and organic growth are the topics to watch this earnings season.
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Nominee Neil Jacobs was warned cuts will cause ‘rising home insurance rates’.
