News

Reinsurance

Munich Re can take combined ratio to 82% on renewals, eased reserving

CFO Jurecka ‘optimistic’ on 1.1 outcome, but plots much more margin in reserving plans.   15 December 2023

Insurance

Florida-based carrier Heritage seeks cash for growth via SPO

Growth opportunities include bits of Florida, but diversification remains the by-word.   15 December 2023

Reinsurance

Australian cyclone pool in full swing, set for 12x growth year two

Earned premiums should rise 11.6x to A$737.7m for the 2023-4 fiscal year begun Nov. 1.   14 December 2023

Insurance

Ryan Specialty forms new financial lines MGU

It will be formed by merging a number of existing units.   14 December 2023

Insurance

Howden moves into Denmark via NORTH Risk acquisition

The deal completes Howden’s presence in the Nordic region.   14 December 2023

Insurance

Everest mines rival Axis Re in search for top actuary

The new primary business chief actuary also carries a Tokio Millennium Re pedigree.   14 December 2023

Insurance

US insurance pricing ‘rational’ in Q4; US market up ca. 9%: Gallagher

Property still leads at an 18% gain in Q4; clients getting ‘some relief’ in D&O and cyber.   13 December 2023

Insurance

Chubb plucks Prudential / AIG vet to lead global consumer lines

Chubb sees ‘substantial runway for growth’ in consumer lines in APAC, LatAm and Europe.   13 December 2023

Reinsurance

TWIA may be forced to up reinsurance purchases by $1bn in 2024

The mid-year program & cat bond renewal appear manageable; market ‘is not getting worse.’   13 December 2023

Insurance

Former PM Blair advisor takes insurance reins at KPMG

The executive was also director general at the Association of British Insurers.   12 December 2023

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