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MAPFRE Re sees orderly softening as market shifts towards client differentiation
Javier San Basilio told GR he expects an orderly renewal season as reinsurers increasingly differentiate between individual clients, while the group continues to diversify through ILS, life business and growth markets
Fitch Ratings: 1/1 renewals will have T&Cs focus and be 'less price led'
At the RVS conference, the credit rating agency confirmed its ‘deteriorating’ sector outlook for 2027 – however, it flagged that this negativity was ‘nuanced’ and maintained confidence ‘that most reinsurers will be able to navigate this challenging phase of the cycle’
Carrick targets selective legacy growth as MGA market creates new opportunities
Carrick Holdings is targeting selective growth in the legacy market, as Phil Hernon argues disciplined pricing is more important than following the broader insurance cycle
Hamilton Re eyes selective casualty growth
Amid market softening, Adrian Daws explains why Hamilton Re is ready to shift appetite across casualty subclasses to protect price adequacy
KCC’s Clark: AI can sharpen cat models without making them a black box
AI-informed physical models can help re/insurers keep pace with climate change, but Karen Clark argues that transparency, frequent updates and real-world validation are essential if the technology is to improve underwriting decisions
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
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
Howden Re launches Novark to bring capital markets infrastructure to insurance risk
The reinsurance broker’s new Bermuda-based platform will provide near real-time information on insurance investments as Howden Re looks to broaden institutional access to alternative capital
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
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