Articles

Reinsurance

AXA XL lures Liberty Mutual veteran to boost underwriting in C-suite role

The appointee will lead the combined construction and energy underwriting and risk teams.   2 January 2025

Reinsurance

Excess capacity drives loss-free property cat rate cuts at 1/1 renewals: Guy Carpenter

Property cat renewals were ‘oversubscribed’, reinsurer appetite outpaced demand.   2 January 2025

Insurance

Acquisition sharpens Aon’s UK and Ireland expansion strategy

Aon has finalised its acquisition of a UK-based insurance broker with ‘complementary’ capabilities.   2 January 2025

Insurance

ARAG now has its own insurance company

The group has completed integration of DAS UK a year after acquisition.   2 January 2025

Insurance

$1bn non-US cat events rack up $18.2bn losses for insurers in 2024: CRESTA

Unusually, 78% of the total industry loss figure was due to flood events.   2 January 2025

Reinsurance

1/1 renewals see US stability, UK rate softening, better targets in EMEA & Asia

April renewals in Japan to test reinsurers’ ability to balance growth with attractive ratings.   3 January 2025

Reinsurance

Property cat and specialty rates fell at 1/1, US casualty splits reinsurers: Gallagher Re

US casualty saw constrained capacity despite market improvement.   2 January 2025

Reinsurance

Easing retrocession market conditions bolsters reinsurance capacity at 1/1: Aon

Reinsurers show greater flexibility at 1/1 with stable pricing and eased terms.   2 January 2025

Insurance

Volante builds out board with former Helios, Ascot CEO

The new executive chair was previously also the CEO and founder of Ascot Underwriting.   23 December 2024

Insurance

Hive snags former Allianz exec to drive underwriting growth

The executive spent over 15 years at Allianz in various global leadership roles.   19 December 2024

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