Reinsurance
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 ...
Jain Talks Reinsurance: Berkshire Could Lose $15B in Florida
While the leader of Berkshire Hathaway's insurance operations described Jan. 1 property-catastrophe reinsurance pricing as disappointing, the "day in the sun" came at April 1, allowing Berkshire to ...
Canopius Has Management Shake-Up With 3 Execs Exiting
Canopius Group, the London-based global specialty re/insurer, has had a management shake-up, with three executives exiting the company.
