News

Reinsurance

Maiden to merge with US specialty programme insurer

Its CEO believes a fee revenue model will best position the combined company for future growth.   3 January 2025

Reinsurance

SiriusPoint shares jump after $733m buyback agreement

Investors responded positively to the news of SiriusPoint repurchasing all common shares from CM Bermuda.   3 January 2025

Reinsurance

Property cat and specialty rates fell at 1/1, US casualty splits reinsurers: Gallagher Re

US casualty saw constrained capacity despite market improvement.   2 January 2025

Reinsurance

Excess capacity drives loss-free property cat rate cuts at 1/1 renewals: Guy Carpenter

Property cat renewals were ‘oversubscribed’, reinsurer appetite outpaced demand.   2 January 2025

Reinsurance

Easing retrocession market conditions bolsters reinsurance capacity at 1/1: Aon

Reinsurers show greater flexibility at 1/1 with stable pricing and eased terms.   2 January 2025

Reinsurance

SiriusPoint strikes major $733m stock deal

CEO Egan expects the deal to boost its return on equity and book value per share.   2 January 2025

Insurance

$1bn non-US cat events rack up $18.2bn losses for insurers in 2024: CRESTA

Unusually, 78% of the total industry loss figure was due to flood events.   2 January 2025

Reinsurance

Fidelis issues $375m of cat bonds through Herbie Re

The cat bonds will cover US named storm and earthquake losses.   2 January 2025

Reinsurance

Lockton Re reveals new US segment for programmes and MGAs

The segment leverages Lockton Re's analytics and modelling capabilities for solutions.   23 December 2024

Reinsurance

Reinsurers’ rising profit goals despite 1/1 softening suggests rate adequacy

A 20% rise in profit targets contrasts sharply with 1/1 rate declines up to 15%.   20 December 2024

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