News
Saudi Re to lead new Saudi marine war risk pool
Government-backed initiative will provide domestic cargo and hull war-risk cover as Saudi Arabia looks to strengthen resilience against geopolitical disruption
Specialism over scale: Finding alpha in a softening market
As re/insurance pricing softens, specialist MGAs with disciplined underwriting, strong data and long-term capacity relationships are best placed to generate differentiated returns through the cycle, argues Tom Sambrook, group chief underwriting officer, Brace Underwriting
Cyber reinsurance market softens as AI and infrastructure risks start to emerge
Ariel Re’s Dan Carr and Lockton Re’s Oli Brew see abundant capacity keeping pressure on cyber pricing, even as liability trends, critical infrastructure dependencies and AI add new uncertainty to the risk landscape
Swiss Re: ‘Zero’ appetite for new liability business, citing legal system abuse
With commercial liability losses reaching $174bn in the US last year, Swiss Re’s CEO explains that legal system abuse is driving claims payouts that ‘are not connected with the original underwriting assumptions’ – leaving the reinsurer ‘very concerned’
Reinsurance conversation must move ‘beyond price’ – Everest
Everest Group’s North America treaty reinsurance head Jason Busti said underwriting discipline and price adequacy will remain central as the reinsurer looks to deepen client partnerships and pursue selective growth
Cedar Trace targets 2027 Lloyd’s launch with $300m syndicate
New syndicate will write reinsurance and delegated insurance business, adding Lloyd’s capacity and distribution to Cedar Trace’s existing Bermuda platform
SiriusPoint ready to redeploy capital amid market softening – Egan
Chief executive Scott Egan says four years of turnaround work have put SiriusPoint on stronger footing with cedants and ratings agencies. That discipline now guides where capital goes next, with aviation flagged as the area still most in need of a rate fix
MS Amlin backs NDF as climate resilience model targets scale
MS Amlin’s $50m commitment to the Natural Disaster Fund aims to turn emerging-market climate resilience into a scalable commercial opportunity, the executive team from MS Amlin and CelsiusPro explain
HDI secures Lloyd’s approval in principle for Syndicate 2029
New syndicate will expand HDI Global’s access to Lloyd’s licences and distribution as part of its Xcelerate29 growth strategy
Hannover Re targets LatAm and European growth
Reinsurer hopes to plug ‘substantive protection gap’ identified in certain geographies, as well as take advantage of evolving risk environment to grow in certain product areas
Lloyd’s set to diversify with ‘very good’ syndicate pipeline – AM Best
Following a financial strength rating upgrade in 2024, support for syndicates has grown in the Lloyd’s market, with new geographies and products coming into scope
Cyber infrastructure clauses are inconsistent and could swing loss ratios by 15 points, Lockton Re warns
Critical infrastructure exclusions on cyber insurance could produce materially different loss outcomes depending on how they are drafted and interpreted, with Lockton Re modelling a 20% relative reduction in industry loss ratios at the 1-in-50 return period
AI can cut reinsurance’s operational drag – Mea Platform
Reinsurers are increasingly looking to AI to improve workflows and data quality as softening market conditions raise the importance of operational efficiency, says chief executive
Look beyond recency bias as property cat softens – MS Re’s Bruniecki
MS Re’s new group CUO Jörg Bruniecki says abundant capacity is increasing competitive pressure, but technical discipline, long-term relationships and the ’permanence of capital’ remain central to strategy
APCL: Lloyd’s still attractive but syndicate selection paramount
Robert Flach and Kate Tongue of APCL argue Lloyd’s rewards patient investors – if they back the syndicates strong enough to weather the coming soft market
Eric Malterre: ASR expansion will retain underwriting discipline
Africa Specialty Risks’ expansion into new developing markets will not come at the cost of underwriting standards and consistency, Eric Malterre assures GR
LIRG targets Barbados reinsurer launch as ILW platform expands
Mark Groenheide said LIRG is seeking an additional $200m-$300m for its ILW portfolio as it prepares to establish a Class II reinsurer in Barbados
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