News

Insurance

UK auto policy inflation at still-hearty 28% in March, well past claims

All major components of claims inflation have been in single-digit territory since mid-2022.   17 April 2024

Insurance

Price competition is back, just as claims inflation tames, CFOs warn

‘Pricing and competitive environment’ is the rising star on the CFO worry list for 2024.   17 April 2024

Reinsurance

Aspen and PIMCO launch casualty-focused reinsurer Pando Re

Pando Re to help drive growth of third-party capital and fee income for Aspen.   16 April 2024

Insurance

US commercial P&C renewal rates slip in March; Q1 at long-term high

Commercial property, auto & business owners policies all pull back from February peaks.   16 April 2024

Insurance

Nearly 1 in 4 Lloyd’s syndicates beat 80% CoR; even start-ups hit profit

The top 10 had an avg. CoR of 64%; big winners: Beazley, QBE, Chaucer, Nephila & more.   16 April 2024

Reinsurance

Bermuda regulator urges re/insurer to report on Baltimore bridge exposure

The estimates should include property, liability & contingent business interruption losses.   15 April 2024

Insurance

Fosun sells Ageas shareholding in €730m deal to BNP Paribas

Ageas has ended its pursuit of a takeover of UK rival Direct Line after two rejections.   15 April 2024

Reinsurance

Andreas Berger will hit the road as CEO to vow Swiss Re can hold course

A global round with manifold stakeholders will kick-off Swiss Re’s Berger era.   12 April 2024

Insurance

Aviva plans expansion in financial lines market

Insurer reveals a raft of new hires and financial lines expansion into Scotland.   12 April 2024

Insurance

R&Q exits JV Obra for $30m gain; warns of ‘significant’ loss for 2023

Says regulatory changes have ‘reduced strategic attractiveness’ of direct equity participation.   12 April 2024

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