-
The outlook flags “large uncertainties” amid possible El Niño through summer 2026. -
MGAs going public is now a viable option, but dominating a market comes first.
-
The highest portion of losses was experienced in Alberta.
-
Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
-
An “extraordinary” proportion of storms reached Category 5 status this year.
-
Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
-
Light cat losses at year-end portend capital deployment and return decisions in 2026.
-
The peril has been historically difficult to model compared to others.
-
Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
-
Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.
-
With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
-
The deal to reopen the government also extended the NFIP.
-
The executive said inflation isn’t completely gone but is now “more understood”.
-
The credit can now be applied to mitigation against operational losses.
-
The Marsh-placed account renews its all-risks cover on 16 November.
-
Widespread underinsurance and low exposures will limit losses.
-
While attritional losses were up for the quarter, those in the carrier’s core business declined.
-
Many commercial risks will have London coverage, but insured values are relatively low.
-
The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
-
Exposure for California’s Fair plan has jumped, as insurers drop policyholders.
-
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
-
Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
The storm could bring flooding to Jamaica, Cuba and Haiti.
-
The bill includes provisions to encourage retrofitting homes in high-risk areas.
-
While limited to only some accounts, it’s a sign of the intense competition in the segment.
-
A former NOAA climatologist who left the agency is running the new operation.
-
Cat losses in Q3 were light as peak hurricane season passes without incident.
-
Critics claim the dispute system denies consumers' key legal rights.
-
Nine-month insured losses still exceeded $100bn due to California wildfires.
-
Though wildfire losses are up, total losses are the lowest since 2015.
-
A US district judge ruled a delay could put human life and property at risk.
-
Shared and layered accounts are seen as reaping the biggest benefits.
-
The governor has yet to sign a pending bill to create a public cat model.
-
Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.
-
Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
Most Recent
