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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”.
