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.
