News

Insurance

WTW unveils new leader to ‘aggressively’ drive P&C M&A strategy

Appointee has 17 years of industry experience at WTW and Marsh McLennan.   27 August 2024

Reinsurance

Reinsurance reset put earnings well past cost of capital in 2023

Market volatility points to higher true cost of capital, beyond latest earnings surge.   23 August 2024

Reinsurance

Rising reinsurer capital set to add resilience again in ’24: AM Best

Risk-adjusted capital utilisation metrics ease back towards ‘21 levels after a beating.   23 August 2024

Insurance

Cyclone eyes Hawaii for weekend pass at ‘close to hurricane strength’

A tropical storm watch covers the full big island with ‘gradual’ strengthening still due.   23 August 2024

Reinsurance

Swiss Re ups book by 7% at July renewals; net pricing down 2%

Property & specialty continue to lead renewal growth; casualty still down YTD.   22 August 2024

Reinsurance

Swiss Re writes new reserves to cut 16% y/y from H1 P&C Re underwriting profit

As new CEO takes charge, Swiss Re balances new reserving against protecting FY targets.   22 August 2024

Reinsurance

Swiss Re casualty reserves highly discretionary, ‘some’ signals in book

Casualty margin? ‘Any time you add $650m to reserves, it is going to be an ugly number’.   22 August 2024

Insurance

Commercial softening is ‘clear’ as premium growth slows Q2: CIAB

All lines converge in single digits; four lines now dip into negative readings.   20 August 2024

Technology

Swiss Re has yet to move on iptiQ units, but some buyers approaching

Newly appointed CEO Berger is directly overseeing the asset review, sees possible sales.   22 August 2024

Insurance

Hiscox chair Bloomer’s body recovered from sunken superyacht in Italy

Hiscox CEO Hussain previously expressed deep sorrow over the ‘tragic’ event.   22 August 2024

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