Brokers Aon and Gallagher Re described a buyers' reinsurance market for the April 1, 2024 property and sp...
Reinsurance Renewals: Finding Consensus
In the third episode of Gallagher Re's post-renewals podcast series for 2024, we uncover what happened and why at the 1st of April renewals....
In the third episode of Gallagher Re's post-renewals podcast series for 2024, we uncover what happened and why at the 1st of April renewals....
Podcast / 6 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 / 6 days ago
Improved Florida cat reinsurance renewal conditions expected for June 1: MMC CEO
Early signs suggest that the Florida catastrophe reinsurance renewals at June 1st 2024 will see improved conditions for cedents, as capital has...
Early signs suggest that the Florida catastrophe reinsurance renewals at June 1st 2024 will see improved conditions for cedents, as capital has...
Article / 16 days ago
Reinsurers implement “escalation clause” to limit exposure to Middle East conflict
Reinsurance recoveries related to hostilities in the Middle East could be limited by a conflict “escalation clause” introduced in certain specialty treaties at 1 January,...
Reinsurance recoveries related to hostilities in the Middle East could be limited by a conflict “escalation clause” introduced in certain specialty treaties at 1 January,...
Article / 20 days ago
Reinsurance Market Dynamics: April 2024
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Report / 22 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 / 26 days ago
European cedants must get on top of loss creep – or face wrath of reinsurers
The recent Italian hail and Bernd losses show some companies are relying on outdated models....
The recent Italian hail and Bernd losses show some companies are relying on outdated models....
Article / 27 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 / 28 days ago
Aerospace Manufacturers & Infrastructure Market Update Q1 2024
As aviation insurance stakeholders leap into 2024 the only certainty is that the impact of ‘known unknowns’ will materially drive the medium-term trajectory of the aviation market...
As aviation insurance stakeholders leap into 2024 the only certainty is that the impact of ‘known unknowns’ will materially drive the medium-term trajectory of the aviation market...
Article / 29 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 / 29 days ago
