News

Insurance

CCR Re outlook turns positive as reinsurer put up for sale at $1bn value

S&P believes the deal would benefit CCR Re's creditworthiness if it proceeds.   14 February 2023

Insurance

Argo picks new leaders for US E&S lines and Trident following departure

Bermuda-based Argo Group International Holdings has appointed Ron Vindivich to lead its US excess and surplus (E&S) lines division, which includes the company's cornerstone Colony Specialty business.   18 August 2017

Insurance

Ryan Specialty sees US property chasing reinsurance costs through 2023

Select casualty lines are reversing, sending deals back from E&S to admitted carriers.   5 May 2023

News

Aggressive reserve releases may exhaust reinsurers’ abilities, warns S&P

Reinsurers that have released reserves quickly may find that they have exhausted their ability to support current reported profits from past reserves, according to rating agency Standard & Poor’s (S&P).   24 August 2015

Insurance

Polo & Aon craft Lloyd’s SIAB tackling California wildfire risks

New syndicate to provide capacity for E&S commercial wildfire risk in California.   24 July 2023

Insurance

S&P hit with $77m charge

Rating agency Standard & Poor’s (S&P) will pay $77 million to the Securities and Exchange Commission (SEC) to settle three cases involving fraudulent misconduct.   27 January 2015

Insurance

S&P warns on inherent risks of Arch’s $3.4bn push into mortgage insurance

S&P Global Ratings has warned of the execution risks inherent in Arch Capital Group’s $3.4 billion acquisition of American International Group’s (AIG) mortgage insurer, United Guaranty Corporation (UGC) and placed Arch’s ratings on negative outlook as a result.   17 August 2016

Insurance

Axa XL loads up wholesale expansion with Munich Re, Lexington duo

Targets wholesale expansion as a key growth driver in the Americas.   5 August 2025

Insurance

Reinsurers now have upper hand in setting overdue rate hikes

The CEOs of RenRe, PartnerRe & AXIS Capital say cost trends merit vigilance   4 November 2021

Insurance

Fannie Mae slows reinsurance buying down again in first quarter

First quarter purchase limit down 27% YOY but already one third of 2025 target.   8 April 2025

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