Articles

Insurance

Allstate turns Q2 cat losses into eye-popping $1.4bn net loss

Regulated rate can’t catch cat losses & reserves, barely covers plain-old frequency-severity   2 August 2023

Insurance

AXIS Capital profit jumps in Q2 amid pivot to specialty lines

Insurance segment improves, ‘favourable’ conditions drive growth in target markets.   2 August 2023

Insurance

Covéa’s PartnerRe turns loss to profit: ‘disciplined approach’ pays off

Reinsurer bounces back from a $1bn loss of last year to post a solid profit in H1 2023.   2 August 2023

Insurance

Miller set for European expansion, poaches top talent from Marsh

Miller says Europe and Asia are key markets with ‘significant opportunity’ for the business.   2 August 2023

Insurance

AIG suffers Q2 margin slippage, underwriting profit down 26% y/y

Rate over loss trend in NA commercial cheers as cats & reserves hit overall margin.   2 August 2023

Insurance

Allstate slashes Florida reinsurance, rebuilds US core tower piecemeal

Florida limits down by a third; traditional contracts down by nearly half.   2 August 2023

Insurance

Sompo nabs Berkshire professional lines leader with WTW/AIG pedigree for Asia

It is first in a series of senior hires for expanding commercial insurance business in Asia.   2 August 2023

Insurance

Meta Pixel: the tiny fragment of code causing big concerns

Litigation around sneaky third-party tracking tools may just be the tip of a larger risk iceberg, warns Dan Fox, senior underwriter for cyber at Markel International.   2 August 2023

Insurance

Chubb hiked retentions but held limit in cat reinsurance treaty

The overall cut in reinsurance coverage runs against a 17% hike in long-odds PML.   1 August 2023

Alternative Risk Transfer

Vesttoo cuts staff to ‘regain our footing’ from collateral fiasco

The firm must ‘return its focus to core services’ and slash costs for survival.   1 August 2023

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