News

Insurance

Hannover Re ups books 12.6% at renewal on 4.8% risk-adjusted rate gain

The capacity gap lingers in some key US property lines; market discipline holds.   9 August 2023

Insurance

US commercial P&C renewal rates accelerate modestly in July: Ivans

Commercial P&C renewal rates rebound from Q2 wobble to 9.7% y/y, still near cycle peak.   9 August 2023

Insurance

TWIA fails in Texas rate hike bid, rates hold 20+% below adequacy

Business & community join hands to oppose cost of living hike for coastal workers.   9 August 2023

Insurance

Texas’ TWIA suffered 40% hike in reinsurance rate-on-line to 9.1%

TWIA will pay ‘a little bit lower’ than budget, but ‘significantly’ above prior year.   9 August 2023

Insurance

Ryan Specialty to slow hiring machine after 2022 turbo run

The bumper crop of new hires will be margin positive in 2024; pay rates fully in check.   8 August 2023

Insurance

Argo falls to $0.5m loss ahead of Brookfield Re sale

The specialty re/insurer’s gross written premiums fell 23.2% due to businesses sold and exited.   8 August 2023

Insurance

Cyber MGA Resilience bags $100m funding for European expansion

The funding is led by Intact with participation from Lightspeed Venture.   8 August 2023

Insurance

Above the fray: hike in property cat retentions has done the trick

Volatility is for primaries; reinsurers gliding through H1 nat cats largely unscathed.   8 August 2023

Insurance

On-demand insurtech Inshur hires Munich Re leader to scale European business

He was head of performance management and pricing at Munich Re units.   8 August 2023

Insurance

Hiscox joins Munich Re to boost capacity in US flood market

Parametric insurtech FloodFlash secures fresh capacity deal with Hiscox.   8 August 2023

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