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RenRe Q3 CoR climbs 6.8 points to 84.8% on large loss impact including Helene
The A&H market had improved performance between 2020 and 2023.
Latest News
A roundup of all the news you need today, including Lancashire’s nine-month results.
Some US and European cedants will likely see "specific adjustments" to their programmes.
The carrier said activity across smaller and mid-sized natural catastrophe and risk events had been “elevated”.
The carrier said an active hurricane season and a global cyber event had not altered its full-year guidance.
Behind the Headlines
Behind the Headlines: Navium Marine's Clive Washbourn on why MGAs are the fighter jets of insurance
How do you build a $400mn MGA? Navium Marine CEO Clive Washbourn told Behind the Headlines that his business is a "fighter jet" out hunting for deals. Navium has built scale by taking on risk "in a fairly aggressive way" with large line sizes available to deploy. Whilst the marine market is now coming under pressure, Washbourn still thinks there is "robustness" in rating, although making money in the volatile Red Sea war market is challenging.
Behind the Headlines is a fortnightly podcast hosted by Insurance Insider's senior reporter Sam Casey.
Get the inside scoop on the major stories shaping the London market through discussions with the journalists who broke them. Plus, hear from industry professionals on what these developments mean for the (re)insurance sector.
Every other Friday morning, Behind the Headlines will break down the biggest stories of the last two weeks. Sam will discuss these stories with the journalists who broke them: Catrin Shi, Fiona Robertson, Rachel Dalton and the rest of Insurance Insider's award-winning editorial team.
Plus, he will interview the big names from the London market, getting their perspectives on the state of the industry and the latest headlines.
Opinion
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Insurance can go further on drawing in autistic talent
Fiona Robertson
New capacity ramps up concerns of steeper softening in cargo
The loss of premium income from Glencore is expected to add to competitive pressures running up to 1 January.
Most Read
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Beazley on track for FY CoR of ~80%
06 November 2024 -
Lancashire shares up 8.4% as carrier grows GWP by 9% to $1.7bn
06 November 2024 -
Conduit Re shares down 9.5% as carrier notes 'elevated’ cat events
06 November 2024
Analysis
Credit insurers may need to adapt their business mix, client base and types of deals underwritten to stay relevant.
Achieving profitability is increasingly challenging in the volatile but historically lucrative market.
Risk managers are increasingly concerned about insurability.
Some reinsurers are considering frequency protection products.
More News
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Lancashire appoints Rachou and Cox as non-executive directors
06 November 2024 -
Guy Carpenter’s O’Dwyer-Smith exits for Oak Re
05 November 2024 -
UK distributor Seventeen Group exploring minority sale
05 November 2024
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Antares Managing Agency active underwriter Lye hands in resignation
05 November 2024 -
Global InsurTech funding set to reach $4.2bn by year end: Mapfre
05 November 2024 -
RiverStone promotes Gaisford to head of M&A for UK and Europe
05 November 2024 -
Dale Syndicate 1729’s stamp capacity up 35.7% to £475mn for 2025
05 November 2024
Interviews
Interviews
The marine underwriter said the business had grown through taking “very big positions” on programmes.
The executive also highlighted SRCC in property treaties as a concern.
The carrier is looking to grow its specialty offering across Europe and APAC.
Nick Orton said the market is now pricing for non-peak perils, amid some surprise losses.
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From our other titles
From our other titles
From Insurance Insider US
Commercial auto says: Don’t you forget about me!
MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
From Insurance Insider ILS
ILS managers grapple with ‘surprise’ $5bn PCS Milton loss pick
The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
From Insurance Insider US
Q3 Earnings: Specialty insurers continue to pull ahead as competition heats up
A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
From Insurance Insider ILS
Property cat pricing expected to firm heading into 1.1: Everest’s Andrade
Andrade flagged expected 5% to 10% increases in the US and Europe.