Serious Change Underway at SiriusPoint
SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to ...
Reinsurance
Repricing Is Not Reunderwriting
A rising tide carries all boats. That rings true currently in commercial insurance. Carriers have broadly brushed aside concerns about geopolitics, inflation and natural ...
Reinsurance Inflection Point? Reports Flag Appetite Growth, Capital Recovery
A record level of property-catastrophe reinsurance prices at June 1 followed a record level of hurricane losses last year, but a change in conditions may be on the horizon on both fronts, forecasters ...
Atlantic Hurricane Season Odds Dependent on El Nino Versus Hot Ocean Temps
Two clashing climatic behemoths, one natural and one with human fingerprints, will square off this summer to determine how quiet or chaotic the Atlantic hurricane season will be. An El Nino is ...
Florida Reinsurance ‘More Orderly’ as Defense Costs Begin to Ease, Analysts Say
With the June 1 reinsurance renewals a week away, the outlook for Florida-based property insurers may not be quite as dire as many had predicted earlier this year, at least according to a top ...
NOAA: Average Hurricane Season Predicted for the Atlantic
During a press conference today, the National Oceanic and Atmospheric Administration (NOAA) announced its forecast for the 2023 Atlantic Hurricane season. The 20th anniversary of Hurricane Isabel, a ...
AIG to Sell Validus Re to RenRe in $3B Deal
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during ...
Aon Sues Alliant Over ‘Unlawful Raid’ of Reinsurance Group
Aon this week filed a lawsuit against rival Alliant Insurance Services for an alleged "unlawful raid" of senior leaders and other employees of Aon's facultative ...
Third Point’s Loeb Won’t Take SiriusPoint Private
Billionaire investor Daniel Loeb is no longer exploring a potential acquisition of SiriusPoint Ltd SPNT.N, according to a regulatory filing on Friday, a month after disclosing his interest in taking ...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re
While the January reinsurance renewals proved to be the toughest and most grueling for decades, the April 1 renewals, driven by the Japanese P/C market, were a much ...