Articles

Insurance

AIG reveals record underwriting gains, but profit nosedives on Fortitude Re

CEO Zaffino hailed ‘significant’ achievements in general insurance and volatility management.   5 May 2023

Insurance

Arch seeks to bolster market position in onshore and offshore energy lines

Appoints new leaders to manage underwriting across the London Market portfolio.   4 May 2023

Alternative Risk Transfer

Hiscox enjoys attractive rates across units in ‘very favourable’ market

But it flagged market-wide subdued ILS capital appetite.   4 May 2023

Insurance

RenaissanceRe likes property cat, takes early jump to mid-year renewals

Pent-up demand for reinsurance is on the prowl now, but likely to spill over into 2024.   4 May 2023

News

‘Simpler and nimbler’ Swiss Re roars back to big profit despite ‘turbulent’ headwinds

Its P&C Re achieved 19% higher prices at the April renewals in the current hard market.   4 May 2023

Insurance

Tokio Marine restructures London Market businesses to target ‘growth and efficiency’

Newly combined marine, energy and renewables lines to be led by a senior Zurich hire.   4 May 2023

Insurance

CFC makes ‘significant hire’ to support growth strategy in US

The recruit will help boost its US distribution and broker relationship capability.   4 May 2023

Insurance

Peak Re overhauls its stance with major book review amid 2022 loss

The group fought off retrocession clinch with rejigged cover in major portfolio derisking.   3 May 2023

News

RenRe’s hard market tango: profits jump even as premiums slide

Underwriting gain rises 1.8x as cats come in low not only in Q1, but over past 5Y.   3 May 2023

Insurance

Everest Re sees only upsides, will lean into pending renewals

‘We are on offence,’ CEO Andrade said; dislocation will last ‘through 1/1 2024 and maybe beyond.’   2 May 2023

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