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The agency cited falling property rates and US casualty challenges. -
The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Sources said they expected FM to keep around $2bn of the maximum line net.
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The carrier has also promoted Jamie Pedro to head of specialty re, Bermuda.
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Philipp Rüede succeeds François de Varenne, who will become senior advisor to the CEO.
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The specialty reinsurance market is experiencing high competition and staff turnover.
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Barry Gale has spent almost five years at the broker.
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The LA wildfires resulted in the largest insured loss of the year, at $40bn.
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The 25-year industry veteran will report directly to CEO Adrian Daws.
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Fresh from a deal with QBE Re, the investment firm discusses drivers of casualty ILS growth.
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The report emphasises the need for clarity around roles and responsibilities.
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Plus, the latest people moves and all the top news of the week.
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Almost 90% of respondents felt they could be themselves at work.
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The executive spent a year as Ki Syndicate 1618 active underwriter.
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The executive is leaving her role as HDI Global UK and Ireland CEO.
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The sidecar has backing from Culpeper Capital Partners, Calidris Investment Partners and Compre.
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The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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The renewal was characterised by abundant capacity and strong competition.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
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Patel was recognised for services to charity and Riley for business leadership and inclusion
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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Insurance Insider reflects on the themes that shaped 2025 for the London market.
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Cedants are opting to bank double-digit savings as reinsurers fight for market share.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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The market is conceding some ground on wordings, after a tightening of conditions post-Ukraine.
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Plus, the latest people moves and all the top news of the week.
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The company named two execs to head global wholesale and commercial.
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The facility provides solvency support via a fresh equity injection under various scenarios.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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Nick Hankin replaces Chris Killourhy, who is becoming group CFO.
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PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
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The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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The group aims for earnings per share growth of more than 8%.
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The highest portion of losses was experienced in Alberta.
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The argument for buyers to purchase cyber has never been stronger, yet growth is still lagging.
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Expectations that reductions would cap out at low double digits are fading due to capacity oversupply.
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The deal adds a forward-flow, giving Compre the option to reinsure additional future years.
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The CEO conceded some might see Swiss Re’s dividend targets for 2026 as “underwhelming”.
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The reinsurer’s “refreshed” strategy to focus on AI and a new share-buyback programme.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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The company had argued the judge missed key info when dismissing the case.
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China Taiping has been identified as the building owner’s insurer.
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The reinsurer is offering pricing incentives to members to reintegrate cover.
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In mid-morning training, the share price had fallen by 12%.
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In this final instalment, we argue that investing in personnel is as critical to success as the tech itself.
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Call for public and private partnership in cyber are not new, but sentiment remains divided.
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The peril has been historically difficult to model compared to others.
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Habayeb will start next May following Kociancic's retirement.
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After a challenging period, the industry is now earning above its cost of capital.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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David Croom-Johnson will now focus exclusively on CEO duties.
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The reinsurer said discipline was now “equally important as price”.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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The executive said that outside of property cat, renewals will be “relatively stable”.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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Rohan Davies joined Markel International 17 years ago as an underwriter.
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P&C GWP grew by 7.1% to EUR26.8bn over the period.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
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The group raised its full-year net income guidance to EUR2.6bn.
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Specialised service providers like CDK can pose more frequency risk than global operators.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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On a net basis, premiums written were up 4.7% to $641.3mn.
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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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The June 2024 ransomware attack produced claims across many firms.
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Industry-wide initiatives continue to target expanded youth access to the sector.
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The carrier’s retail division saw premiums increase by 7.3% to $2bn.
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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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Widespread underinsurance and low exposures will limit losses.
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Citi and Berenberg believe the carrier is more resilient than in the past.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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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 Spanish (re)insurer reported a group net profit of EUR829mn.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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Everest’s AIG deal meaningfully cuts its primary exposure.
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The start-up has struggled to build scale since its 2024 launch and has cut back its 2026 stamp.
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Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
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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 company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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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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Plus, the latest people moves and all the top news of the week.
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A canvassing of the cyber market suggests the impact will be negligible.
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Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
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The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
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The change forms part of a broader leadership reorganisation.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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Insurance grad vacancies were down 18% year-on-year in the UK, ahead of a 3% nationwide drop.
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Though wildfire losses are up, total losses are the lowest since 2015.
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The carrier has been exploring launching into P&C organically or via acquisition.
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Class actions and third-party litigation funding will drive up losses.
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The governor has yet to sign a pending bill to create a public cat model.
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The reinsurer plans to grow its US business at a higher rate than its non-US business.
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The carrier has hired José David Jiménez García as managing director for Germany.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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In July, he took the role on interim basis from Laure Forgeron.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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The carrier will pay special dividends only in exceptional circumstances.
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Plus, the latest people moves and all the top news of the week.
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The facility will initially focus on US, Bermudian and European business.
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Stephen Ridgers is leaving his current role as head of construction midcorp at Allianz Commercial.
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Continental composite carriers aim to smooth volatility with new initiatives.
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The deal will be watched closely by Radian’s handful of similar peers.
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Part four looks at how the talent landscape will shift in response to AI introduction.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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Louis Tucker helped establish Barbican Insurance, which was later sold to Arch in 2019.
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How does Lloyd’s plan to secure its future as a leading global marketplace?
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The measures also seek to encourage greater wildfire mitigation efforts.
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The sidecar will support five programs providing specialty frequency coverages.
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The assistant treasurer is also due to review the Australian cyclone pool.
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From aviation claims to retention challenges, underlying dynamics will take time to play out.
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Models anticipate a busier second half, particularly in the next few weeks.
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The carrier’s US and Europe claims teams will report to Clayden.
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The platform aims to “bend the loss curve”.
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The syndicate is targeting capital allocation for 1 January, the company confirmed.
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The carrier’s chief buyer urged a partnership approach from reinsurers.
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Cedants target methods of reducing pressure on earnings as reinsurers chase growth.
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Sources said that the carrier has held preliminary talks with private debt investors.
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Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
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The former Hannover Re CEO said reinsurers must use alternative capital and tech.
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The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
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Rates will remain elevated in a period of structurally higher risk premia.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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Tim Barber joins from QBE Re, where he was head of North America.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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Cyber reinsurance supply has continued to outstrip demand during 2025.
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Donna Swillman is currently a senior underwriter at Axa XL.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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The data modeling firm said losses previously averaged $132bn annually.
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Signs of discipline indicate a “break” from past boom/bust market cycles.
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Some 32% of survey respondents expect property cat rates to fall by more than 7.5%.
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The ratings agency was presenting its outlook ahead of the Monte Carlo Rendez-Vous.
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The Japanese carrier faces integration challenges to make a success of the deal.
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James River said the court was right to dismiss the fraud case.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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This publication first reported deal talks last week.
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Last year marked the second consecutive year in which carriers made a positive return.
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The group claims the White House is undermining disaster preparedness.
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The Bermudian reiterated its pledge to improve performance.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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Sources said that detailed discussions have taken place, with a clear path to a deal.
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The mid-year renewals point to mounting pressure on reinsurance pricing.
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Part III of our series looks at where AI is being integrated into underwriting departments.
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Covea had requested a stay in the proceedings.
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The P&C division booked a combined ratio of 81.1% for the first half of 2025.
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The estimate covers property and vehicle claims.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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The reinsurer chair said the frequency of losses today “will prevent prices from slipping too much.
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Plus, the latest people moves and all the top news of the week.
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The P&C re segment’s combined ratio improved by 12.7 points to 61.0%.
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The Swiss carrier improved its P&C combined ratio by 1.2 points to 92.4%.
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The company also purchased $15mn of SCS parametric coverage.
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The specialty reinsurer also saw several bad investments hit the books.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
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The transaction is expected to have a price-to-earnings multiple of 11x.
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Aviation reinsurance reserving issues will also be a broader focus for the market.
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Q2 saw a steady stream of activity in legacy, but volumes dipped slightly from Q1.
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Andrew Laing succeeds Rupert Moore, who will become reinsurance CEO for Asia Pacific.
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In part II of our series, we look at where AI is being integrated into claims departments.
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The carrier said market dynamics were shifting due to increased capacity.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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Insured losses produced the second highest first-half tally since records began in 1980.
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Plus, the latest people moves and all the top news of the week.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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Jill Beggs was most recently COO for reinsurance.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
-
A look into how the insurance industry is using AI and where practical gains are arising.
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Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
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Plus, the latest people moves and all the top news of the week.
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Questions remain over regulatory touch, capital requirements and tax benefits
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The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
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Syndicate 1947 is gearing up to expand its marine reinsurance portfolio.
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The reinsurer said US president Donald Trump’s policy was already impacting investment.
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The availability of capacity remains the market’s key driver, the broker said.
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The claims specialist spent 30 years at Amlin before joining TFP.
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The former Hiscox Re & ILS specialty underwriter starts on 7 July.
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Plus the latest people moves and all the top news of the week.
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The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
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The changes affect operations in Switzerland, Bermuda and the US.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
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Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
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The programme’s total limit this year is down $594mn to $1.36bn.
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Green hushing is on the rise as Trump rows back on climate initiatives.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
-
It has been a volatile week for the marine war market in a period of geopolitical turmoil.
-
Insight into the state of the insurance M&A market, powered by this publication's deal database.
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The carrier is expanding its appetite for sustainable construction of large commercial buildings.
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R&Q Gamma’s outstanding liabilities predominantly relate to the UK P&I Club.
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Hannover Re’s CEO is lowest paid among peers, despite their pay growing 77% since 2015.
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This publication revealed his exit from MS Re last month.
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The company has also promoted Alex Baker and Tim Duffin.
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The start-up has hired four people to join the division.
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Argo shelved the sale of its Bermudian insurance business in mid-2024.
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She replaces Matthew Sheppard, who has become deputy CUO in London.
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The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.
-
William Soares moves from casualty and specialty CUO to president.
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Up to nine million acres of US land are considered likely to burn.
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The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
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The Floridian also secured $352mn of multi-year coverage extending to 2027.
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