Re/insurers
-
Moody’s also expects losses in the billions of dollars. -
Six fires now cover more than 27,000 acres across Southern California.
-
Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
-
The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
-
TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
-
The market grew at a rate of 32% annually from 2017 to 2022.
-
A signal around Q4 adverse development has brought the carrier into the spotlight.
-
The carrier reported total cat losses of $48.9mn during Q1-Q3 2024, versus $20.2mn in 2023.
-
The firm will provide an update on November 22 to avoid holiday season.
-
The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.
-
Worrisome trends in the line may be warning signs of worse to come.
-
The NFIP’s traditional reinsurance coverage kicks in at $7bn of losses.
Related
-
M&A Deal Update: Insurer IPO and deal activity ticks up
March 31, 2025 -
Long-serving Everest board chair Taranto to step down
March 24, 2025 -
Liberty Mutual’s Sharis tapped to lead Emerald Bay
March 19, 2025 -
PartnerRe’s 2024 non-life CoR increases 9 points to 90.6%
March 18, 2025