News

Insurance

Europe’s Big 4 reinsurers can trace massive 9M ROE gain to T&C reset

The fine print in 2023 renewals put 9M cat losses below budget for all four major players.   16 November 2023

Insurance

SiriusPoint reclaims ‘stable’ outlook with first underwriting profit and turnaround

S&P expects it will continue to post strong and improving underwriting results in 2023-2025.   9 November 2023

Insurance

California reforms moving too slowly

Building in high-risk areas and California’s failure to allow sustainable insurance rates are exacerbating climate-related risks, an APCIA panel agreed.   7 November 2023

Insurance

Hiscox retains A+ rating despite recent losses

AM Best said it has a strong track record of earnings.   6 November 2023

Insurance

Property casualty sector’s overall reserves improved in 2022

The US property casualty insurance sector reported favourable reserve development for the 17th consecutive year: AM Best.   6 November 2023

Insurance

A belief in mutual profitability

Good communication, trust, and an ethos of mutual profitability are keys to how a good broker helps clients navigate some of the most challenging market conditions in a generation, say Adam Manus and Stephanie Rabin of Holborn.   6 November 2023

Insurance

Demand gap in treaty will serve equilibrium as reinsurers remain disciplined

Reinsurers need to hold the line on both rates and retentions, says Beazley.   6 November 2023

Insurance

Banks are using insurance models to assess risk

Use of insurance models by banks could lead to their demanding borrowers build more climate-resilient structures: Moody’s RMS.   6 November 2023

Insurance

US P/C players see more downgrades

More downgrades reflect a difficult period for the personal lines segment, according to AM Best.   5 November 2023

Insurance

E&S lines remain profitable, but pressure on rates is inevitable

E&S lines are projected to see another year of underwriting profitability—but new entrants could change the dynamic: Argo.   5 November 2023

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