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Nuclear verdicts nearly triple since 2020: Allianz
A separate US Chamber of Commerce report, meanwhile, put tort costs at $529bn for 2022.
Research
Reserve releases for the year-to-date are higher than in prior years despite elevated concerns on casualty trends.
A signal around Q4 adverse development has brought the carrier into the spotlight.
Arch stands out among hybrids, but Axis and Everest grind it out.
Republican tariffs and higher Democratic corporate taxes would hurt the sector.
Insider on Air
Callum Roberts, Professor of Marine Conservation at the University of Exeter, explains ocean carbon storage and its role in climate change.
Bill Cooper, Managing Director with Howden Capital Markets & Advisory, discusses insurance market trends, M&A projections, MGA expansion, and ILS insights.
Nadia Beckert, Group Head of Property Reinsurance for The Fidelis Partnership, shares insights on market outlooks, AI integration, and the challenge of attracting new talent in the evolving reinsurance industry.
Robert Wiest, CEO of MS Reinsurance, discusses trends in the casualty market, social inflation, and renewal expectations at the PwC Insurance Summit in Bermuda.
Latest news
A quick roundup of today’s need-to-know news, including reinsurer profits, nuclear verdicts, cyberattacks and more.
Through Q2 2024, the index is up 10% since 2020.
Woodruff Sawyer is understood to have revenue in the $240mn ballpark and Ebitda in excess of $50mn.
This year’s top-line growth will be a decade high.
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Commercial premium growth nearly flat across all lines in Q3: CIAB
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Sexual abuse and molestation claims drive tightening medmal market
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RPS brings on Markel’s Oh as national property president
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Davies continues M&A string with Barker Claims acquisition
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Ionian Re files second Rico suit alleging fraudulent accident scheme
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AIG, Berkshire sued for $30mn over mortgage company’s cyber claims
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British Columbia flood insured losses exceed C$110mn: CatIQ
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Opinion
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With its pace of dealmaking, Ryan Specialty is showcasing its ambition but dialing up risk
Adam McNestrie and Ben Wylie
Sexual abuse and molestation claims drive tightening medmal market
Batch coverage is also coming into focus as insurers look for ways to reduce exposure to large losses.
Most Read
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Will Georgia follow in Florida’s footsteps with 2025 tort reforms?
November 20, 2024 -
California independent broker Woodruff Sawyer explores sale
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Commercial premium growth nearly flat across all lines in Q3: CIAB
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Ionian Re files second Rico suit alleging fraudulent accident scheme
November 18, 2024
After one good year, giving back margin now will be “inexcusable”, the executive said.
Multiple reinsurance brokers have pitched the firm for sidecars.
In an interview with this publication, Lara said "everything’s on the table" for future reforms.
Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
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