Reinsurance
U.S. Property Reinsurance Rates Rose Nearly 50% for Some on Jan 1
U.S. property catastrophe reinsurance rates rose by as much as 50 percent on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from ...
Reinsurance Buyers Find ‘Smoother’ January Renewals With Ample Capacity: Guy Carpenter
Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals — a reflection of ample capacity and a commercial ...
No Sugarcoating: Availability Before Affordability, Calif. Regulator Says
If the old adage "As California goes, so goes the nation" is true, then 2024 will be another year of industry retooling as insurers and regulators set a path for the future of the U.S. P/C property ...
Apollo-Owned Aspen Insurance Files for IPO in U.S.
Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing.
The ...
Florida Insurers Got Creative About Reinsurance in ’23: KBRA
Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property ...
S&P Upgrades Lloyd’s Financial Strength Rating to AA-
S&P Global Ratings has revised its financial strength rating for Lloyd's of London to "AA–", outlook stable, from "A+", outlook stable. The rating upgrade reflects the improvement in Lloyd's ...
Parent of Key SiriusPoint Shareholder In Receivership; Ratings Impact Neutral
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that the parent company of a key shareholder has been taken into private receivership by its lenders in Singapore. CMIG ...
Prepare for the Soft Market: Why You Need to Set Performance Metrics Now
On the face of it, it appears to be a good time to be an underwriter. A combination of historic underperformance, an elevated risk outlook and investor reticence is encouraging underwriters to push ...