News

Insurance

US cyber insurance first went surplus, now turns foreign: AM Best

Domestic E&S took most of US cyber; signs say offshore carriers are taking the baton.   24 June 2024

Insurance

New insurance facility launches in complex Californian property market

Its strategy is to enter complex markets that standard carriers have exited.   21 June 2024

Insurance

Insurers admit being capital-hungry; 18% look to third-party investors

Some 39% of insurers feel pressured to secure more capital; 60% say it would help growth.   19 June 2024

Insurance

KBRA warns: Florida remediation may always be too little, too late

Restructuring and capital consolidation can’t fend off outlook downgrade as losses stack up.   17 June 2024

Insurance

D&O insurance barks, but does not bite; profits may roll on: AM Best

After the best margins in a decade, carriers feel ‘little pressure’ to hike rates.   19 June 2024

Insurance

“What are you waiting for?” IoT returns are just waiting for European insurers

The Internet of things is the magic genie that can grant insurance CEOs’ wishes. According to Matteo Carbone, founder and director of the IoT Insurance Observatory, the question for European insurance businesses is, “What are you waiting for?”   17 June 2024

Insurance

Expanding horizons: AM Specialty Insurance Group’s strategic moves in specialty insurance

Closely monitoring key trends in the market has given AM Specialty Insurance Group a competitive edge.   17 June 2024

Insurance

Medical liability can’t get rate, suffers 8th year of underwriting loss

Major shifts in health care have carriers chasing an ever smaller portion of the pie.   11 June 2024

Reinsurance

Kin secures $140m reinsurance coverage for 2024-25 at ‘favourable economic terms’

Its Florida reinsurance programme provides $1bn in protection.   11 June 2024

Reinsurance

Global reinsurance gets outlook upgrade as discipline holds in hard market

This time is ‘quite different’ from prior hardening cycles as capacity has not lacked.   10 June 2024

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