Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal
Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim results in 17 years—does this mean the hard ...
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Lloyd’s Reports Best First-Half Underwriting Profit Since 2007
The Lloyd's insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6 percent increase from the £3.9 billion (US$5.1 billion) reported during H1 ...
Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More Civil Unrest
Insured losses from civil unrest can reach levels equal to some natural catastrophes—and the costs are growing every year. Of particular concern this year is the ...
Hard Reinsurance Prices Likely to Last Longer Than in Previous Market Cycles: Report
Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly due to persistently high claims activity from the accumulation of medium-sized disaster losses and ...
Insured Losses From UK Riots Will Be Manageable, With Claims Below £250M: Report
Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers' credit profiles, according to credit agency Morningstar DBRS, in ...
Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1B
Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a ...
U.S. Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re
U.S. severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024. Of the estimated $61 billion in global H1 insured losses from natural ...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re
Hard market conditions in the global non-life insurance sector will continue this year but will begin to ease in 2025, as general inflation and claims inflation conditions soften, according to Swiss ...
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition
Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300 million acquisition of JRG Reinsurance Co. Once the deal ...