News

Reinsurance

QBE closes $1.6bn loss portfolio transfer with RiverStone/Enstar

RiverStone will provide LPT to various QBE subsidiaries, including its Lloyd’s syndicates.   1 November 2024

Reinsurance

Global reinsurers' ROEs to outpace capital costs, hit 5-year high: AM Best

Hurricanes Helene and Milton will likely ‘stall any softening of the market cycle’.   1 November 2024

Reinsurance

Property rates will firm at 1/1: Everest CEO

Property rates could be up 5 to 10% at 1/1 as the tale of storms turns the tables.   31 October 2024

Reinsurance

Everest pivots to property as it shrinks in casualty, financial lines

Its group GWP growth falls to near zero after a spate of reductions across lower margin lines.   31 October 2024

Alternative Risk Transfer

Nephila increases ILS AuM for first time since ’21 as outflows fade

But fee income remains volatile on lumpy premium and prior year outflows.   31 October 2024

Reinsurance

Arch’s Grandisson bows out with robust Q3 results

But underwriting income dropped due to catastrophe losses from Hurricane Helene.   31 October 2024

Reinsurance

Everest faces up to $400m losses from Milton, 64% rise in Q3 cats

Reinsurance operations took the bulk of the Q3 cat hit “driven primarily by several Atlantic hurricanes”.   31 October 2024

Insurance

AM Specialty snags 20-year Wall Street veteran for non-exec role

The executive has experience at Stonybrook Capital, Willis Capital Markets and Benfield Advisory.   31 October 2024

News

IQUW looks to leverage GenAI to improve its underwriting

The solution is live in its D&O product now but will soon roll out across all lines.   31 October 2024

Reinsurance

Florida cat fund FHCF eyes $4.6bn on Helene & Milton

The FHCF had managed to rebuild its claims paying power to above requirement.   30 October 2024

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