-
The New Zealand carrier has topped up its cat programme to maintain a NZ$889mn limit.
-
Early private deals have provided far more stability in this year’s renewal than last.
-
Most carriers were keen to talk about how they are taking on the ongoing hard market in Q1, but some complexities partly offset their good news.
-
Reinsurers are starting to see increased demand from personal lines, where valuations are being updated to match inflation.
-
Blenheim’s withdrawal from property treaty highlights questions around London’s role as a reinsurance centre of excellence.
-
Softening cat bond rates are among the bearish signals for cat rates, but latent new demand and still-cautious supply should prolong reinsurer gains.
-
The syndicate wrote £386.2mn in gross written premium overall, of which £116mn was property treaty in 2022.
-
The global P&C CEO said the carrier will deploy roughly the same capacity in the state as last year.
-
The pace of rate hikes will ease back from the 1 January reset as buyers seek to lock up capacity early after last year’s dislocated renewal.
-
The ratings agency repeated its expectation that 10% of ratings in the (re)insurance sector will be affected by its new criteria.
-
Mark Cloutier set out Aspen’s plans for top-line 2023 growth in the range of 10%, and a continued strategy of pursuing rate rather than exposure growth in property cat.
-
The forecast included two intense hurricanes, six hurricanes and 12 tropical storms.