London wholesaler Miller has raided Ardonagh Specialty’s Price Forbes for a nine-person casualty unit led...
Fronting market keeps the faith
Reliable data on the business transacted through MGAs is scarce. But fronting companies offer a window into this highly dynamic market...
Reliable data on the business transacted through MGAs is scarce. But fronting companies offer a window into this highly dynamic market...
Article / 17 hours ago
Insurer in Full: MSC Aries seizure adds to marine war headwinds as Iran-Israel tensions escalate
The seizure of MSC Aries by Iran’s Revolutionary Guard at the weekend is the latest in a series of headwinds for the marine war market as tensions continue to escalate in the Middle East...
The seizure of MSC Aries by Iran’s Revolutionary Guard at the weekend is the latest in a series of headwinds for the marine war market as tensions continue to escalate in the Middle East...
Article / 9 days ago
Fresh Hannover Re and Canopius aviation ri capacity limits reinsurers' push for larger 1.4 rate rises
Additional aviation reinsurance capacity from Hannover Re and Canopius limited the broader market's ambition to negotiate...
Additional aviation reinsurance capacity from Hannover Re and Canopius limited the broader market's ambition to negotiate...
Article / 14 days ago
Insurer in Full: Reinsurance market finds stability after four years of hardening
Florida’s Citizens and its broker Gallagher Re have gone out to the traditional reinsurance market this week with the submission for its newly combined personal lines account, commercial lines account and coastal account placement...
Florida’s Citizens and its broker Gallagher Re have gone out to the traditional reinsurance market this week with the submission for its newly combined personal lines account, commercial lines account and coastal account placement...
Article / 16 days ago
Florida overtakes California as largest surplus lines state in Q1
Surplus lines premium volume in California fell by 0.1 percent in Q1 2024, while growth in Florida's market meant the Sunshine State overtook its...
Surplus lines premium volume in California fell by 0.1 percent in Q1 2024, while growth in Florida's market meant the Sunshine State overtook its...
Article / 21 days ago
Markel's Finsness: Casualty “entering back into another hard market”
US casualty is in an “unprecedented” situation of hardening again shortly after a hard market from 2020 to 2022, according to Markel's Mia...
US casualty is in an “unprecedented” situation of hardening again shortly after a hard market from 2020 to 2022, according to Markel's Mia...
Article / 24 days ago
American Club mutual P&I premium drops 6.5% at 2024 renewals
The American Club saw its mutual P&I book's relative premium income drop by 6.5 percent at the 2024 renewals, with its combined ratio for the 2023/2024 policy...
The American Club saw its mutual P&I book's relative premium income drop by 6.5 percent at the 2024 renewals, with its combined ratio for the 2023/2024 policy...
Article / 1 month ago
Fidelis anticipates $1bn+ D&F property in 2024 as Brindle's “verticalisation” bet pays off
Fidelis MGU anticipates underwriting in excess of $1bn in direct and facultative business this year after growing Fidelis Insurance Group's property...
Fidelis MGU anticipates underwriting in excess of $1bn in direct and facultative business this year after growing Fidelis Insurance Group's property...
Article / 1 month ago
Marsh: Transactional risk claims increased materially in 2023 as soft market conditions prevail
Marsh has reported the extent of soft market conditions in the primary-layer representations and warranties and warranty and indemnity transactional...
Marsh has reported the extent of soft market conditions in the primary-layer representations and warranties and warranty and indemnity transactional...
Article / 1 month ago
Zywave panel: Casualty market in danger of losing relevance
The casualty sector risks losing relevance if it focuses on excluding certain risks, while a war for talent in the market is leading to some “unbelievable...
The casualty sector risks losing relevance if it focuses on excluding certain risks, while a war for talent in the market is leading to some “unbelievable...
Article / 1 month ago