News

Insurance

Everest snares Zurich leader for specialty & financial lines push in US

The move comes amidst a series of leadership changes in North America.   9 August 2024

Insurance

Hurricane Debby losses up to $2bn, ‘manageable’ for re/insurers: claim major brokers

Private insurers and the NFIP are expected to face hundreds of millions in losses.   9 August 2024

Insurance

QBE enters $376m loss portfolio transfer deal with Enstar

Enstar, which is being bought by Sixth Street for $5.1bn, says it is familiar with the business.   9 August 2024

Reinsurance

Allianz bullish on full-year targets after Q2 profit jump

The company affirmed its 2024 operating profit outlook at nearly €14.8bn.   9 August 2024

Reinsurance

Munich Re’s casualty exit is pure market, not rising skeletons: CEO

Big growth in casualty XoL followed underlying primary rate; Munich Re didn’t seek volume.   8 August 2024

Reinsurance

Munich Re wants to add more ‘global’ to its specialty drive

A chiefly organic drive is mulled, but the units’ initial market in the US could see M&A.   8 August 2024

Insurance

Lloyd’s and seven syndicates earn upgrades after central fund insurance renewed

Lloyd’s CFO says it is exploring a post major market loss contingent capital solution.   8 August 2024

Insurance

Bold new management move at Everest targets stronger broker ties

Re/insurer says strong, long-standing broker relationships are central to collective success.   8 August 2024

Reinsurance

Munich Re sees strong market through 2025, but need not pump volumes

Reinsurer discipline will hold amid a need to ‘earn now what they couldn’t for so long’.   8 August 2024

Reinsurance

Hamilton’s ‘laser focus’ yields big gains: profits triple in Q2, record-low CR

The re/insurer is pursuing ‘targeted growth’ in a ‘favourable’ market environment.   8 August 2024

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