Porch Group, the owner of insurer Homeowners of America Insurance Company (HOA) which was impacted by the...
Insurance Marketplace Realities 2024 Spring Update – Property
Record insurer profitability in 2023 and favorable 2024 treaty renewals have contributed to noticeable stabilization in the property marketplace during Q1 2024....
Record insurer profitability in 2023 and favorable 2024 treaty renewals have contributed to noticeable stabilization in the property marketplace during Q1 2024....
Article / 5 days ago
Florida reinsurance supply outpaces demand as top layer rates trimmed
Rates are still materially higher than pre-pandemic and lower layers are holding firmer....
Rates are still materially higher than pre-pandemic and lower layers are holding firmer....
Article / 7 days ago
Allstate expands nationwide XoL by $1bn to top out at $7.90bn
Allstate has confirmed the placement of its nationwide excess cat program, which now exhausts at $7.90bn for 2024-25, up from $6.92bn on the expiring cover, less retentions of $500mn...
Allstate has confirmed the placement of its nationwide excess cat program, which now exhausts at $7.90bn for 2024-25, up from $6.92bn on the expiring cover, less retentions of $500mn...
Article / 14 days ago
Robust reinsurer earnings help rein in renewal price hikes
A rebound in reinsurance industry capital, prompted by strong reinsurer earnings, should help keep reinsurance pricing in check during 2024 renewals, according to sources and recent industry...
A rebound in reinsurance industry capital, prompted by strong reinsurer earnings, should help keep reinsurance pricing in check during 2024 renewals, according to sources and recent industry...
Article / 1 month ago
Expanded named peril list at 1/1 unlikely to make material difference: AM Best
Rating agency AM Best has explained that the expansion of named peril lists on reinsurance and retrocession arrangements at the January 2024 renewals, is...
Rating agency AM Best has explained that the expansion of named peril lists on reinsurance and retrocession arrangements at the January 2024 renewals, is...
Article / 2 months ago
Insider US in Full: Early view on 6.1 renewals: A supply and demand tug-of-war
Florida reinsurance buyers are starting their renewal discussions well in advance of the June 1 start to the hurricane season this year...
Florida reinsurance buyers are starting their renewal discussions well in advance of the June 1 start to the hurricane season this year...
Article / 2 months ago
Reinsurance returning to normalcy, but property risk pricing to rise: Lockton
Broking group Lockton anticipates that primary property insurance prices in the United States will continue to rise, even as the reinsurance market levels...
Broking group Lockton anticipates that primary property insurance prices in the United States will continue to rise, even as the reinsurance market levels...
Article / 2 months ago
Property cat pricing power could fall 5% to 10% at mid-year: AIFA conference
According to a report from analysts at BMO Capital Markets, a prominent reinsurance broking executive from Howden Tiger said that property catastrophe...
According to a report from analysts at BMO Capital Markets, a prominent reinsurance broking executive from Howden Tiger said that property catastrophe...
Article / 2 months ago
Cedants' appetite for QS cessions wanes as reinsurers' hunger grows
Cyber reinsurance buyers grew more confident in reducing quota share cessions at 1.1, according to brokers, while a flurry of ILS deals has raised hopes about capital...
Cyber reinsurance buyers grew more confident in reducing quota share cessions at 1.1, according to brokers, while a flurry of ILS deals has raised hopes about capital...
Article / 3 months ago
Property cat saw more consistent trading rhythm at 1/1: Guy Carpenter CEO Klisura - Artemis
The property catastrophe reinsurance market saw a "more consistent trading rhythm" at the 1/1 2024 renewals, but still some clients have been left holding...
The property catastrophe reinsurance market saw a "more consistent trading rhythm" at the 1/1 2024 renewals, but still some clients have been left holding...
Article / 4 months ago
