News

Insurance

Berkley goes contrarian on workers comp: the time bomb is ticking

A broken regulatory model breeds complacence; Berkley says it may be early, but not wrong.   23 February 2024

Insurance

AXA seeks 5% commercial P&C top line growth despite AXA XL’s caution

Strategy for AXA XL focused on ‘cycle management’ as rate growth moderates across lines.   22 February 2024

Reinsurance

Conduit Re leaps to first major profit, retains upstart growth pace

Underwriting earnings rose 18x; nat cat dearth plus new T&C left loss register clean.   21 February 2024

Insurance

US surplus lines grew 14.6% in ’23; Florida property leads gains

California settles into low single-digit growth on pullback across liability lines.   19 February 2024

Reinsurance

Everton buyer’s reinsurance arm hit with rating downgrade

777 Re suffers second downgrade on ‘material decline’ in capital ratio.   19 February 2024

Alternative Risk Transfer

Hannover Re trims retro cover: K-cession ILS down after ‘strong’ payout

K-cessions ILS cut ‘given the fact that 2023 was a very good year for investors’.   8 February 2024

Reinsurance

SCOR grows 13.6% at 1.1, ends-around core P&C for margin gain

Alternative solutions provides 71% of y/y growth; core P&C flat, specialty cherry-picked.   6 February 2024

Insurance

Commercial rate growth slows to 2% in Q4; D&O, cyber in decline: Marsh

US commercial property slowing from Q2 2023 peak, but still double-digit to end-year.   5 February 2024

Alternative Risk Transfer

Trapped capital flees RenaissanceRe again Q4, FY net flows in the red

RenRe softens the blow on word that third party capital raised for 1.1 rose 23% y/y.   31 January 2024

Insurance

Beat-backed Brace Underwriting launches US business under Glenn Dorr

30 January 2024

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