RenaissanceRe
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Reinsurers are mostly aligned on cat reinsurance, but goals are otherwise diverse.
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Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The reinsurer has also appointed Mehdi Benleulmi as global head of credit.
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With fee income less understood, a primary acquisition or merger could reset the narrative.
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The company will continue to deploy additional limit in property cat through mid-year, the firm’s CUO added.
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However, the firm will take a “conservative approach” until the improvements are shown in data.
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The Insurance Insider US news team runs you through the earnings results for the day.
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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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GAAP reserve triangles reveal the struggles of some hybrid franchises.
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The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
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Hurricane Milton brought the firm net losses of $270mn in Q4, while it forecast up to a $750mn wildfire hit for Q1.
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New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
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There’s a question mark around the tails of AY 2021-2023, the president said.
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A signal around Q4 adverse development has brought the carrier into the spotlight.
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In other property, Helene and Milton will assure rates remain attractive, he added.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The property market remains “one of the most favorable ... I've seen in my career,” the executive said.
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A quick roundup of today’s need-to-know news, including the DoJ/NatGen lawsuit and RenRe's earnings call.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Analysis shows several CEOs with pay diverging from the trendline.
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Industry trends show the Axis book value growth goal may be hard to hit.
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Analysis of 2023 statutory data shows that Californian insurers are leaning more heavily on reinsurers but at a nationwide level, premium cessions were more stable.
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The Bermudian has been reducing exposure in Florida for almost a decade.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The 100% equity award will vest in full after five years.
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With mixed results in the reinsurance space, the specialty pivot remains a "show-me" story.
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The initial plan was to renew $2.7bn of the acquired book.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Additional disclosure following the RenRe acquisition reveals results for both carriers for the nine months to 30 September last year.
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Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.
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Other senior executives, including CFO Robert Qutub and general counsel Shannon Bender, received stock awards of $750,000 for their involvement in the Validus Re acquisition.
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The number of staff retained contrasted with more dramatic cuts made after the acquisition of Tokio Millennium and Platinum.
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After moving into the rank of fifth-largest reinsurer, following its acquisition of Validus, RenRe said it would continue to take a leading role in the regional cat space and expected to be more able to trade through market cycles.
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The Bermudian firm said it expects the acquisition could drive more growth than the prior forecast of $2.7bn incremental premium.
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The Inside P&C news team runs you through the earnings results for the day.
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The deal was announced in late May, with RenRe taking over AIG’s treaty business, including AlphaCat Managers, and all renewal rights to Talbot’s reinsurance treaty unit.
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A 15% tax is in the works, but appears manageable, and with (re)insurance being Bermuda’s largest industry, the territory will take steps to keep companies where they are.
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Differences in reinsurer strategies and risk management lead to differentiation in stock multiples and long-term value creation.
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The reinsurer said it was monitoring conditions in the property E&S markets, where it has been reducing capacity to grow in property treaty, as rate gains could provide fertile ground for future growth.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s news team runs you through the key highlights of the week.
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Reinsurers have mostly grown since before the Covid crisis, but the type and timing of growth affects value creation,
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Recent top line growth and improved performance will need to be weighed against historical underperformance at group level, but the opportunity could attract a non-traditional buyer.
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Morgan Stanley and Golman Sachs exercised in full their right to buy 945,000 shares in the company.
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Inside P&C’s news team runs you through the key highlights of the week.