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James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete the $277 million acquisition of its casualty reinsurance subsidiary, ...
Lloyd's strong 2023 results reaffirm the primacy of underwriting, "but it's one year and therefore not a reason for complacency," said Patrick Tiernan, chief of markets, in a market message to ...
In his more than quarter-century career as a reinsurance broker representing the mutual insurance market, the January 1, 2023, property reinsurance renewals stand out in Josh Knapp's memory as a day ...
AM Best published its annual tally of the U.S. property/casualty insurance industry's financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for ...
Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re's Strategic ...
Even though Berkshire Hathaway's latest annual report featured Warren Buffett's forecast that the days of "eye-popping performance" for the giant conglomerate are over, readers focused on ...
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. ...
Senior insurance and reinsurance leaders are increasingly concerned about the aggregation risks associated with strikes, riots and civil commotion (SRCC)—a growing threat in countries across the ...
Reinsurers' underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved during 2023 and in the January 2024 renewals, which will likely ...
Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting discipline, according to reinsurance ...
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