News

Insurance

D&O must navigate a ‘new normal of turbulence’

Insurers expect a rise in management liability claims and the advent of new risk as more businesses incorporate AI, says Sandra Soares, managing director and head of Bermuda Professional Liability at Markel.   18 December 2023

Insurance

US personal lines still behind the rate curve; profit distant: AM Best

Mass of secondary perils don’t trigger new reinsurance retentions, deal ‘severe’ impact.   18 December 2023

Insurance

Lloyd’s remediation pays off: S&P rewards new discipline & oversight

The ratings hike comes with warning to management against backsliding from recent gains.   14 December 2023

Insurance

Tort reforms & mild 2023 gave Florida carriers breathing room: KBRA

Some hints of market growth as new capital fuels Citizens take-outs and new business.   12 December 2023

Insurance

Aon’s flagship London Market placement facility to expand

All participants have renewed; QBE will remain the lead.   12 December 2023

Insurance

US P/C insurers eye relief after tough 2023: Fitch

A personal auto line recovery contributes to statutory profit improvement.   12 December 2023

Reinsurance

Hannover Re can lean on P&C Re to hit tightened growth & profit targets

Growth will be ‘certainly more pronounced’ on P&C side with ‘significant’ margin gain.   12 December 2023

Reinsurance

CEA confident to clear $2.2bn 1.1 cat renewal, albeit at rising cost

Rates will rise again, but likely at ‘smaller increases than the preceding year’.   8 December 2023

Insurance

Optio brings new capacity to political violence & terrorism market

The MGA has entered into an agreement with a new US-based carrier.   5 December 2023

Insurance

US commercial lines have rate & discipline to defend margins: AM Best

Pricing momentum now ‘well past its peak,’ still underpins ‘robust underwriting results’.   5 December 2023

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