Reinsurance
Results round-up: Axis Capital, Progressive, Selective and Heritage
Latest results from across the market
Chubb tallies $1.5bn wildfire hit as major insurers begin disclosing estimates
RenaissanceRe expects a $750m net loss from the wildfires based on a pessimistic industry loss forecast
Results round-up: Chubb and RenRe
Latest results from across the market
Everest CEO pledges ‘aggressive action’ on US casualty after $1.7bn reserve charge
Williamson brands US casualty insurance performance ‘unacceptable’ as carrier undertakes account-by-account remediation programme
Everest discloses $1.7bn reserve strengthening
Bermuda-based carrier ‘fortifies’ US casualty reserves following actuarial review
California fires to generate minimal catastrophe bond losses: Fitch
Fires will result in partial loss of principal for certain catastrophe bonds but aggregate losses not expected to cause a curtailment of issuances
European reinsurers ‘face 30% hit to catastrophe budgets’ from LA wildfires
A $35bn insured loss from the wildfires in Los Angeles would eat up nearly one-third of the annual budgets of Munich Re, Swiss Re, Hannover Re and Scor, analysts warn
Fidelis syndicate confirms International Group private placement
International Group inks first private placement in Lloyd’s market for its mammoth reinsurance programme through newly established Fidelis syndicate
Everest names Williamson as permanent CEO
Bermuda-based group confirms Jim Williamson as successor to Juan Andrade
Fema secures $757.8m of traditional reinsurance for NFIP
Flood insurance programme’s traditional reinsurance placement increases 22% year-on-year
Mercury weighs event designation of LA wildfires
Home and motor insurer is considering whether to treat the Eaton and Palisades fires as separate events under its catastrophe reinsurance treaty
ID Podcast: Public-private partnerships a solution to frequency perils: Aon's Van Slooten
The reinsurance market is not large enough to handle growing flood, fire and convective storm losses, Mike Van Slooten tells the Insurance Day Podcast, as he discusses the implications of the January 1 renewals
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