Archives for May 2025

KBW, an investment bank focused on insurance and reinsurance markets, has provided a detailed outlook on the upcoming June 1, 2025, reinsurance renewals, along with projections for the January 1, 2026 renewal season. According to KBW’s recent discussions with top industry executives during their Bermuda tour, property catastrophe excess-of-loss reinsurance rates are expected to decline […]

Reinsurer TransRe is urging immediate and material increases in US Public Directors & Officers (D&O) insurance pricing, warning that the current market remains unsustainable. In a recent market update, TransRe states that the D&O sector is once again operating at a loss, despite prior correctional pricing measures. TransRe argues that rationales often cited for flat […]

Although the property and casualty (P&C) operations of reinsurers Munich Re, Swiss Re, Hannover Re, and SCOR were hit by elevated large loss costs in the first quarter of 2025, driven by the historic Los Angeles wildfires, analysts at Fitch Ratings feel the four companies are still on track to meet their “ambitious targets” for […]

Global insurance and reinsurance broker Aon has expanded its reinsurance casualty collaboration with Moody’s Insurance Solutions into commercial risk. Building on the initial success in casualty reinsurance, the collaboration will now deliver insights on climate casualty and other emerging risks, risk mitigation strategies, and excess casualty named-peril products for commercial insurance buyers. The expansion aims […]

The latest market survey from The Council of Insurance Agents & Brokers reveals a noticeable easing in premium increases across all commercial insurance account sizes in the first quarter of 2025. According to their findings, premium increases across all account sizes moderated to an average of 4.2%, a drop from the 5.4% rise reported in […]

Zurich North America (NA), a provider of insurance and risk management services, has strengthened its leadership with Heather Fox now set to lead the US National Accounts business. Most recently, Fox was the Chief Underwriting Officer (CUO) for Zurich North America. She succeeds Paul Lavelle, the previous Head of US National Accounts, who is set […]

Andreas Berger, CEO of Swiss Re, has suggested that while the firm’s property and natural catastrophe lines faced tougher competitive pressures so far in 2025, the overall environment remains healthy. During Swiss Re’s Q1 2025 conference call, Berger provided detailed insights on the property segment, discussing current pricing trends across different lines of business and […]

As the Lloyd’s marketplace charts its course through a more uncertain environment, Q2 2025’s Market Message came with a clear directive: “We aren’t risk off, but we are risk aware.” At the heart of this quarter’s address was Patrick Tiernan, speaking for the final time as Lloyd’s Chief of Markets before stepping into his new […]

As the re/insurance market enters into a more competitive phase, it presents Conduit Re with an opportunity to deploy more capacity into casualty risks, Neil Eckert, who was recently appointed as the company’s new CEO, highlighted during the reinsurer’s analyst call following the release of its Q1’25 financial results. “We are entering a more competitive […]

Aon, the global insurance and reinsurance broking group, has disclosed that the insurance industry was buyer-friendly throughout the first quarter of 2025, providing much-needed stability. The broker explained that the moderate market conditions in the quarter, especially softening, accelerated for well-performing and preferred risk types, because of support from quality underwriting information. Aon said, “Wide […]