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Reinsurance space has capacity, still competitive: Intact Canada CEO
Executives were speaking after the company’s Q3 CoR rose 5.6 points to 103.9%, driven by 22 points of cat losses.
Research
Republican tariffs and higher Democratic corporate taxes would hurt the sector.
Worrisome trends in the line may be warning signs of worse to come.
The “Golden Age of Specialty” continues in the Q3 releases of these specialty companies.
The broker’s acquisition amid shifting tides is likely the beginning of a larger M&A uptick in the space.
Insider on Air
Greg Massey, U.S. Advisor for VIPR shares insights on growth, challenges, and data’s role in sustaining profitable program insurance portfolios.
Bob Hartwig, Professor of Insurance with the University of South Carolina, discusses the resilient U.S. economy, election impacts, and future growth in specialized insurance sectors at the Target Markets conference in Scottsdale, Arizona.
Claims professionals and leaders at the International Association of Claims Professionals conference in Orlando said the industry must work together to stem the rising cost of social inflation.
Marko Ninkovic, Head of Claims Specialty at Brit, explains the growing challenges of war risk claims and modern piracy, at the International Association of Claims Professionals Conference in Orlando.
Latest news
A quick roundup of today’s need-to-know news, including Milton losses, AIG, Greenlight Re and others.
Casualty submissions rose over 70% while property increased over 20% YoY in Q3.
The carrier reported total cat losses of $48.9mn during Q1-Q3 2024, versus $20.2mn in 2023.
The carrier is seeing competition in all areas, including small private business and large public.
More News
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Premium renewal rates in October down from previous month: Ivans
November 05, 2024 -
AIG estimating Milton losses of $175mn-$275mn in Q4: CFO Purtill
November 05, 2024 -
Global InsurTech funding set to reach $4.2bn by year end: Mapfre
November 05, 2024 -
Milton loss expectations narrow as Helene deteriorates
November 05, 2024 -
RiverStone promotes Gaisford to head of M&A for UK and Europe
November 05, 2024
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Ryan Specialty completes acquisition of Innovisk Capital Partners
November 04, 2024 -
AIG Q3 GI CoR ticks up to 92.6% on higher cats, lower reserve releases
November 04, 2024 -
CNA commercial auto rates up 15% in Q3: CEO Robusto
November 04, 2024 -
Surplus lines premium growth for top three states slowed in October
November 04, 2024 -
PCS to release Milton losses resurvey figures early
November 04, 2024
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 -
Will Milton slow Florida Citizens’ takeout progress?
Farhin Lilywala
Milton loss expectations narrow as Helene deteriorates
Initial expectations for the later storm prove overblown, while inland auto losses mount for the earlier event.
Most Read
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What’s at stake for P&C as Trump and Harris face off
November 04, 2024 -
Project 2025 plan to dismantle NOAA called ‘expensive mistake’
November 04, 2024 -
AIG Q3 GI CoR ticks up to 92.6% on higher cats, lower reserve releases
November 04, 2024 -
PCS to release Milton losses resurvey figures early
November 04, 2024
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.
Admitted markets are not coming back to property as strongly as in past cycles, the executive said.
Casualty will likely fuel some of the E&S growth, the executive said.
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