Reinsurers
-
In the US, pricing fell by 6.2% at the major renewal. -
Trends leading into 2025 may indicate workers’ comp releases have peaked.
-
An 11th-hour softening has driven discounts into double-digit territory on some deals.
-
The firm has commenced writing collateralized retro and reinsurance, but its rated launch is still pending.
-
Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
-
AIG launched an IPO of Corebridge Financial in September 2022.
-
The carrier attributed the intensification of storms this season to climate change.
-
The sale of the business was confirmed in June.
-
The 2025 target would be ~25% larger than the $3.56bn it placed for 2024.
-
Major reserve releases help drive strong Q3 and year-to-date results, but the industry looks over-optimistic.
-
The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
-
The Class B notes on the carrier’s debut deal attach at $500mn of losses.
Related
-
Guy Carpenter chairman Priebe retires after 44-year career
April 25, 2025 -
Axis and Enstar complete $2.3bn loss portfolio transfer
April 24, 2025 -
Arora and Zeller down tools on start-up Alpine Re
April 24, 2025