News

Insurance

Lloyd’s and seven syndicates earn upgrades after central fund insurance renewed

Lloyd’s CFO says it is exploring a post major market loss contingent capital solution.   8 August 2024

Reinsurance

Munich Re pushes past the cats to boost Q2 margins

Q2 major losses rose 60% y/y to €957m; leaving more than 5 ratio points to overcome.   8 August 2024

Insurance

At-Bay snags AIG president to spearhead growth of E&S book

The insurance veteran also led North American operations at AXA XL & Chubb.   8 August 2024

Insurance

Natural disasters rack up $60bn in insured losses in H1 2024: Swiss Re

Severe US thunderstorms piled up $42bn, 87% above ten-year average.   7 August 2024

Insurance

US surplus lines grew 10% in H1 ’24, property submissions slow

Momentum shifts to stressed non-core E&S lines; auto, residential take E&S growth podium.   6 August 2024

Reinsurance

Arch went cat-shy mid-year as forecasts raged, but could swing any day

With a full field of well-priced lines, why chase cat ‘at the risk of being unlucky?’.   5 August 2024

Insurance

Troubled insurtech unicorn formerly backed by Hollywood actor exits key market

The company has cut back its underwriting and some of its top leadership in a turnaround effort.   2 August 2024

Insurance

The Hartford ups E&S binding 90% y/y Q2 in its small market drive

Amwins and Ryan Specialty were recently taken on to spearhead the initiative.   29 July 2024

Reinsurance

Munich Re enjoys upgrade, ‘well with peers’ on profit, better in diversification

S&P says Beryl, CrowdStrike, Baltimore losses likely within Munich Re’s loss budget.   26 July 2024

Insurance

Gallagher says E&S accelerates even as doors open to admitted carriers

Wholesale submission rates have Gallagher looking to ever higher E&S growth in ’24.   26 July 2024

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