Re/insurers

Renfe has mandatory accident insurance with Everest and liability cover with QBE.

Following on from Part I, we look at the hazards to navigate in building internationally from Lloyd’s.

Chaucer and Beazley are among the syndicates looking to take on new geographies.

Syndicate 2047 is set to launch on 1 April, managed by Polo.

The executive will take the position left vacant by Alain Bizet, who moved to lead Chaucer LatAm in Miami last year.

The report emphasises the need for clarity around roles and responsibilities.

Reinsurers are pushing for cat signings and hoping the new pricing floor will hold.

Carrier M&A will continue to be a feature, as pressure for returns on AI investment ramps up.

Insurance Insider looks at key drivers of supply-demand dynamics in global specialty markets.

Larke assumed the role of class leader in April as part of a planned succession.

Howard Hughes Holdings agreed to buy the carrier for $2.1bn.

According to S&P, the carrier’s outlook is “stable”.

Market sources have also raised the prospect of moving the market beyond bureau reliance.

Transactions reveal the attractiveness of the "underwriting plus" business model.

PE, more alignment and tech are uncoupling MGAs from traditional market swings.

The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.

All-risks premium increases are now understood to be in the 15% to 20% range.

Better data validation and stronger claims controls are also key for MGAs.

In mid-morning training, the share price had fallen by 12%.

Join senior market leaders for a forward-looking discussion on performance trends, pricing dynamics, M&A signals and risk appetite across both admitted and E&S segments.

Willis reports that the mining market has softened at a ‘considerable rate’ this year.

The peril has been historically difficult to model compared to others.

AI and precise data can enable insurers to innovate policy durations, from annual to transaction-specific, offering more tailored coverage options, said Christina Lucas, Global Market Leader, Insurance, Google Cloud, during an interview at the PwC Insurance Summit.

The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.

The underwriter joins from Beazley.

The latest guide is the first in a two-phase programme with a practical guide to follow.

Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.

After outsized losses, the (re)insurer still sees opportunity in a softening market.

Panellists said recent M&A has not yet led to transformative change for the market.

Property growth plans are cooling, but favourable loss trends will increase surplus capacity.

Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.

The carrier attributed the results to a significant fall in major-loss expenditure.

The UK-based insurer’s Florida Re secured state regulatory approval in June.

An insurability crisis could pose systemic risks that undermine the foundations of finance.

Industry-wide initiatives continue to target expanded youth access to the sector.

The carrier anticipates a “favourable” retro renewal at 1.1.

The federation, FASE, aims to connect all participants to provide a voice for European MGAs.

Both the primary and reinsurance segments benefitted from a light cat year.

While attritional losses were up for the quarter, those in the carrier’s core business declined.

The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.

The company reported no cat losses but saw a jump in attritional losses.

CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.

CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.

The fundraising structure for the deal includes a $600mn Convex debt raise.

The revised outlooks reflect the difficult moment as Everest moves away from retail.

In insurance, premium growth came from all lines of business except cyber.

Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.

AIG has agreed to pay Everest $10mn per month for nine months for transition services.