Kevin O'Donnell Archives - Carrier Management

Why the Investor-Driven Hard Reinsurance Market Will Persist in ’24

Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said last week. Kevin ...

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 ...

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They’ll Be Back: RenRe CEO Predicts Cedent Demand for Re Limit Will Rise

Although insurance companies that may have wanted more reinsurance coverage going into the 1/1 renewals elected to close their wallets in the face of rising rates, they will ultimately seek that ...

RenRe Launching Casualty, Specialty Venture for ILS Investors

With institutional investors providing the bulk of the capital, RenaissanceRe Holdings has announced the creation of a new joint venture dedicated to casualty and specialty risks. Launched with $475 ...

The Bottom Line: The Early Read on 2021 P/C Earnings

For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...

RenRe: Absorbing Over $1B in Weather Cats

Early last year, the leader of RenaissanceRe predicted that his company would put $1 billion more net written premium on the books in 2021 than it did in 2020. RenRe's President and CEO Kevin ...

The Bottom Line: Earnings Reports for RLI, RenRe and AXIS Capital

For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...

Industry Underestimating COVID Biz Interruption Losses: RenRe CEO

During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in 2021, the CEO highlighted one negative development for the industry ...

Reinsurance Market Softness Extends ‘As Far As the Eye Can See,’ CEO Says

The question that crops up whenever reinsurers experience soft market conditions is again being posed to industry executives, with leaders giving varying answers to analysts asking, "What kind of ...

We Can Write Terror Risk, Industry Execs Say

At least two property/casualty insurance and reinsurance industry executives highlighted the industry's capacity to write terrorism coverage during recent earnings calls, with the most forceful ...