News

Reinsurance

Cyber cat ILS to remain a novelty for now: Fitch

Cyber cat ILS has many hurdles to overcome to see true growth, Fitch says.   7 October 2024

Insurance

Work is needed on SCS models, says Aon

Demographics and housing development outweigh any evolution in weather patterns.   8 October 2024

Insurance

Poor performance of US homeowners line of business continues: Aon

The potential ROE for carriers has decreased by 100 basis points in the past 12 months.   8 October 2024

Insurance

US casualty loss costs have market ‘nervous’

Rising loss costs have insurers and reinsurers on edge, with E&S lines surging past 20% in several states.   8 October 2024

Reinsurance

CCR Re snags RGA director to bolster underwriting; eyes ‘ambitious’ expansion

The appointee boasts stints at Accenture, AXIS Capital, and AIG.   3 October 2024

Insurance

Florida’s property-catastrophe insurers face fresh challenges post-Helene

The homeowners insurance market in Florida is likely to be further strained.   7 October 2024

Insurance

Demand for cyber insurance to grow after high-profile attacks

Beazley sees 18% yoy growth for cyber cover in 2024–2030; others also see rising demand.   8 October 2024

Insurance

APCIA role in policy advocacy, regulatory change key to industry health

The CEO of Alps Property & Casualty Insurance Company is APCIA’s new chair-elect.   8 October 2024

Reinsurance

Acrisure Re lures Gallagher Re exec to boost London reinsurance team

The 20-year veteran has held roles at WTW, Hiscox, XL Re, and Trans Re.   1 October 2024

Insurance

BMS broadens young talent pool in line with growth plan

New apprentices will rotate through various teams and departments.   7 October 2024

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