News

Insurance

End of restructuring for SiriusPoint as it pivots to profit-led growth drive

The re/insurer plans to focus on ‘underwriting-first’ to improve profits.   21 February 2024

Reinsurance

Conduit Re leaps to first major profit, retains upstart growth pace

Underwriting earnings rose 18x; nat cat dearth plus new T&C left loss register clean.   21 February 2024

Reinsurance

Conduit Re grows 38% at 1.1, extending pivot to preferred lines

Property and specialty books grow in excess of 50% at 1.1; casualty contracts.   21 February 2024

Reinsurance

Ascot launches marine and energy treaty reinsurance business

The re/insurer has tapped Validus Re and Lancashire talent to lead the unit.   21 February 2024

Reinsurance

TWIA may target $3.35bn reinsurance purchase for above $400m

The purchase is well over initial budget and could yet grow further as TWIA book expands.   21 February 2024

Reinsurance

Swiss Re calls 1.1.2024 ‘market peak,’ now nat cat dependent for 2024

Comments follow Swiss Re’s 2% decline in inflation- and risk-adjusted pricing at the 1.1.   20 February 2024

Insurance

European insurers exposed to weather, hemmed in by inflation: Moody’s

Risk retention rose 10% on average for most catastrophes, more for low frequency events.   20 February 2024

Reinsurance

Everton buyer’s reinsurance arm hit with rating downgrade

777 Re suffers second downgrade on ‘material decline’ in capital ratio.   19 February 2024

Reinsurance

Reinsurers cancel P&I club war risks off Yemeni-Somali coasts

American Club and Shipowners pushed cancellations onto member covers from February 20.   19 February 2024

Reinsurance

Swiss Re profits surge 577% with P&C gains; eyes bolder 2024

Swiss Re rebounds with lower nat cat claims, higher investments, and improved pricing.   16 February 2024

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