News

Reinsurance

Conduit zeroes in on property & specialty at 1.1 for 38% book growth

Conduit cuts casualty by 10% to a mere 17% of book and still says loss ratio vulnerable.   25 January 2024

Insurance

WR Berkley can ride specialty & property to meet or beat Q4 growth rate

Reinsurers may yet force discipline in casualty, though select lines seem ‘treacherous’.   25 January 2024

Insurance

Ascot attracts UW leaders from Chubb, Liberty for US excess casualty push

The re/insurer plans to grow its excess casualty book across the US.   23 January 2024

Insurance

Nat cat insured losses dip to $118m in ‘23, convective storms stack up

2023 became ‘by far’ the costliest year of SCS in US history at $58bn insured loss.   23 January 2024

Insurance

Hamilton appoints chief underwriter of US E&S insurer

The executive has been with the insurer since 2021.   19 January 2024

Insurance

Commercial rates strong enough to deliver broker growth in slowdown

Prior slowdowns show brokers can handle recession or soft market, just not both at once.   19 January 2024

Reinsurance

Validus Re brought 22% in 9M GWP growth and $304m in profits to RenRe

Underwriting profit at Validus Re was up ca 15x y/y as LAE steadied, despite book growth.   16 January 2024

Insurance

Key US surplus lines markets grow above 20% in 2023

California may be the major state outlier after a contraction in the first half.   15 January 2024

Insurance

Dale Underwriting mines Markel for marine & energy liability team

A new press for growth follows the late 2023 capital injection by CVC.   15 January 2024

Insurance

Florida insurance at end-2023: litigation slows, open market grows

Dip in pre-trial filings & spike in Citizens’ take-outs stir regulator hopes.   10 January 2024

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