News

Alternative Risk Transfer

Allstate leans on ILS unit Sanders Re for top layers of 2023 reinsurance

The key US insurer upped spending from $144m to $219m on the three programmes renewed to date.   5 May 2023

Insurance

Berkshire Hathaway Specialty bolsters global underwriting with new leadership

The appointees will be based in Ireland and Australia.   5 May 2023

Insurance

Insurtech enters ‘new era’ with big surge in funding: Gallagher Re

The majority of investments by re/insurers are going into early-stage rounds.   5 May 2023

Insurance

AIG reveals record underwriting gains, but profit nosedives on Fortitude Re

CEO Zaffino hailed ‘significant’ achievements in general insurance and volatility management.   5 May 2023

Insurance

Arch seeks to bolster market position in onshore and offshore energy lines

Appoints new leaders to manage underwriting across the London Market portfolio.   4 May 2023

Alternative Risk Transfer

Hiscox enjoys attractive rates across units in ‘very favourable’ market

But it flagged market-wide subdued ILS capital appetite.   4 May 2023

Insurance

RenaissanceRe likes property cat, takes early jump to mid-year renewals

Pent-up demand for reinsurance is on the prowl now, but likely to spill over into 2024.   4 May 2023

News

‘Simpler and nimbler’ Swiss Re roars back to big profit despite ‘turbulent’ headwinds

Its P&C Re achieved 19% higher prices at the April renewals in the current hard market.   4 May 2023

Insurance

Tokio Marine restructures London Market businesses to target ‘growth and efficiency’

Newly combined marine, energy and renewables lines to be led by a senior Zurich hire.   4 May 2023

Insurance

CFC makes ‘significant hire’ to support growth strategy in US

The recruit will help boost its US distribution and broker relationship capability.   4 May 2023

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