Reinsurers

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.

Aviation reserve strengthening added 10.1 points to the combined ratio.

GAAP reserve triangles reveal the struggles of some hybrid franchises.

The insurance market remains generally immune to tariff uncertainty, but not all is well.

The ratings agency noted “significant” underwriting improvement in 2023-24.

Underwriting profits for casualty-exposed insurers show signs of struggle as loss costs worsen.

This follows the firm’s exit from primary aviation.

The organization was hoping to grow its reinsurance cover.

Technology is key to streamlining the value chain and mitigating loss ratios.

In the absence of interim action, the segment could face an “availability crisis”.

The carrier expects to book $100mn-$140mn from the California wildfires.

Casualty reserve concerns continue to mount as releases remain elevated.