News

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

Insurance

Beazley’s property appetite won’t wane on slowing rate as E&S shines

Some 1/3 of Beazley’s E&S property will shift from Lloyd’s to new US platform this year.   9 August 2024

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

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

Insurance

Liberty Mutual warns: US casualty trailing loss cost & tail risk

‘A lot of naïve capital’ is arriving to spoil the market, particularly in excess layers.   9 August 2024

Insurance

CAC Group aligns business units with rebrand

Cobbs Allen renamed to CAC Agency.   9 August 2024

Insurance

Unrelenting consensus: it’s a rugged 2024 Atlantic hurricane season

Major drivers ‘near record’ with rising chance of storm-supportive La Niña for big finale.   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

Technology

Cytora launches AI-powered automated due diligence for commercial insurers

It aims to enable underwriters to make rapid & informed risk decisions.   9 August 2024

Insurance

Beazley rides CrowdStrike easy street on below-par notifications

Notifications are a fifth of that seen in MOVEit attack, a third of the Change Health attack.   9 August 2024

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