Search | The Insurer

Signs of further reinsurer retrenchment in US casualty as loss trend concerns mount

News

APCIA

Signs of further reinsurer retrenchment in US casualty as loss trend concerns mount

Some Bermudian and other reinsurers that have grown in US casualty in recent years to take up the slack left by the pullback of continental reinsurers appear to be signalling reduced appetite for the business ahead of 1.1.

Mon 7 Oct 2024

Cyber cat modeling innovates to overcome limitations

Viewpoint

APCIA

Cyber cat modeling innovates to overcome limitations

Customization and collaboration can help to address gaps in cyber modeling outputs, according to Guy Carpenter’s Erica Davis and Anthony Cordonnier.

Mon 7 Oct 2024

SRCC exposure in focus as presidential election nears

News

Losses

SRCC exposure in focus as presidential election nears

(Re)insurers have been sounding the alarm about escalating losses from strikes, riots and civil commotion, and the US presidential election could provide another source of tension.

Mon 7 Oct 2024

COMMENT

Legal dispute

Disabling the enablers…

Plenty has been said and written on the subject of social inflation – or legal system abuse, as is the mot du jour – and its impact on loss cost trends in US casualty.

Mon 7 Oct 2024

Canadian cedants facing hefty rate rises in wake of record cat year

News

Losses

Canadian cedants facing hefty rate rises in wake of record cat year

Reinsurers are expected to push for substantial rate increases and higher retentions on Canadian business at the 1 January 2025 property renewals as the country reels from what is already its worst ever year for insured catastrophe losses.

Mon 7 Oct 2024

Hannover Re’s Freiboth: Property valuations and casualty loss trends in focus for renewals

Interview

Property catastrophe

Hannover Re’s Freiboth: Property valuations and casualty loss trends in focus for renewals

Hannover Re’s managing director for North America Axel Freiboth has said there must still be a focus on scrutinizing property valuations in underlying portfolios as well as casualty loss trends as he touched on expectations for the upcoming 1 January renewal.

Mon 7 Oct 2024

Navigating challenges in the US casualty market

Viewpoint

APCIA

Navigating challenges in the US casualty market

TransRe’s Keith Trigg and Tom Loverde discuss the challenges facing the US casualty market.

Mon 7 Oct 2024

Viewpoint

APCIA

Navigating the wildfire crisis

Jeff Walton, director at Howden Re, says collaboration and innovation are needed to deal with the wildfire crisis in California.

Mon 7 Oct 2024

Charting a profitable course through US property cat

Viewpoint

APCIA

Charting a profitable course through US property cat

QBE Re is in growth mode in US property cat, with a nuanced approach that’s designed to ensure the portfolio remains profitable and resilient through all market cycles, Andy Richardson explains.

Mon 7 Oct 2024

Data transparency: a property market of the future

Viewpoint

APCIA

Data transparency: a property market of the future

Liberty Mutual Re’s Richard Mairano believes data and transparency hold the key to a more sustainable property reinsurance market.

Mon 7 Oct 2024

Viewpoint

Does fundamental dishonesty remain an effective tool for preventing fraudulent claims while protecting the rights of legitimate claimants?

Leanne Conisbee on the legal principle of “fundamental dishonesty” and its implications for insurers.

Mon 7 Oct 2024

News

PV and war-focused Applied Crisis Underwriters set for December launch

Applied Underwriters is set to launch Applied Crisis Underwriters, a London-based specialty unit led by former Westfield Specialty executive Henry Gillingham as president.

Mon 7 Oct 2024

News

Space

Sufficient capacity remains in space market despite withdrawals: Gallagher

Sufficient capacity remains available in the space insurance market for insurers to deploy effective risk appetite despite its recent high-profile withdrawals, according to Gallagher.

Mon 7 Oct 2024

News

Technology

Whitespace expands into US market

Verisk-owned digital placement platform Whitespace has launched into the US market.

Mon 7 Oct 2024

S&P: Helene an earnings event for some rated insurers but will not reduce capital

News

Losses

S&P: Helene an earnings event for some rated insurers but will not reduce capital

Hurricane Helene will be an earnings rather than a capital event for the primary US insurers S&P rates, with the rating agency stating that reinsurers should be able to absorb losses within their earnings too.

Mon 7 Oct 2024

CoreLogic estimates Helene’s total insured loss at $10.5bn-$17.5bn

News

Losses

CoreLogic estimates Helene’s total insured loss at $10.5bn-$17.5bn

Property analytics firm CoreLogic has updated its total insured loss estimate for Hurricane Helene to $10.5bn to $17.5bn, comprising wind losses of $4.5bn to $6.5bn and insured flood losses of $6bn to $11bn covered by the National Flood Insurance Program and private insurance.

Mon 7 Oct 2024