Artificial intelligence (AI) is set to have a profound impact on claims handling, according to Michael Cook, partner at PwC UK, who spoke during the firm’s Global Insurance Run-Off Survey and Insights on the Legacy Market briefing at RVS 2025 in Monte Carlo. Despite advances in modern platforms, automation, and improved data, claims handling remains […]
Archives for September 2025
MISSION-supported Laplace rolls out tailored insurance solutions for high-complexity corporate risks
Laplace Alternative Risk Transfer Solutions, a newly established managing general underwriter (MGU) focused on alternative risk transfer (ART), has officially launched its structured insurance programmes for large corporate clients with complex or hard-to-place risks. Named after French mathematician Pierre-Simon Laplace, whose contributions laid the foundation for modern risk modelling, the company is built on a […]
Property aggregate reinsurance making a resurgence: Gallagher Re’s Knapp
According to Josh Knapp, Executive Vice President of global reinsurance broker Gallagher Re, aggregate protection is making a resurgence, especially for US cedants, when the program is appropriately structured and has a practical attachment point for everyone involved. He explained, “We’re seeing that aggregate coverage is becoming more available for US cedants including appetite for […]
SCOR sees more opportunities than risks from AI: CEO Thierry Léger
During the 2025 Rendez-Vous de Septembre (RVS) in Monte Carlo, Thierry Léger, Group CEO of SCOR, stated that the company clearly sees more opportunities than risks from artificial intelligence (AI), noting that it provides a real opportunity to supercharge its business model. Léger emphasised that AI is going to create opportunities for re/insurers and will […]
Robust reinsurance & alternative solutions key as global P&C growth persists: Swiss Re
As the global property and casualty (P&C) insurance market continues to expand, industry giant Swiss Re has highlighted that robust reinsurance and alternative risk solutions are further broadening capacity and helping to keep coverage both affordable and accessible, which is vital in an increasingly uncertain risk landscape. On the first day of the 67th Rendez-Vous […]
Insurance Europe warns Solvency II reform falls short of EU competitiveness goals
Insurance Europe, the federation representing national insurance associations across 39 European countries, has cautioned that the European Commission’s draft Level 2 measures for Solvency II fall well short of political commitments made by EU lawmakers, jeopardising growth and putting billions in potential long-term investment at risk. In its consultation response, Insurance Europe underlined the industry’s […]
Reinsurers still able to achieve target ROEs with 10%+ property cat rate cuts at Jan 1: Aon’s Hatlestad
Tracy Hatlestad, Executive Managing Director and Global Property Segment Leader at Aon Reinsurance Solutions, said recently that the broker believes reinsurers will still be able to hit their target ROEs on property catastrophe books even with rate reductions of 10% or greater heading into the January 1st, 2026, renewals. Aon Reinsurance Solutions held its first […]
Everest names Voralia CUO for Global Reinsurance
Everest Reinsurance, the reinsurance division of Everest Group, has announced the appointment of Jiten Voralia as Chief Underwriting Officer (CUO) for Global Reinsurance, effective immediately. Voralia will be succeeding Chris Downey, who was recently promoted to EVP and Group CUO, and will report to Jill Beggs, EVP and CEO of Reinsurance. In his new role, […]
Caffrey to take over as White Mountains CEO in 2026
White Mountains Insurance Group, Ltd. has announced the appointment of Liam Caffrey as Chief Executive Officer, effective January 1, 2026, succeeding current CEO Manning Rountree. Caffrey, who currently serves as President and Chief Financial Officer of White Mountains, will also be joining the company’s Board as he takes over the CEO role Rountree will retire […]
AM Best revises US health insurance segment outlook to negative
US health insurers have come under significant pressure due to increased utilisation and higher medical costs across the industry, prompting AM Best to revise its outlook on the segment to negative from stable. In its recent report, AM Best highlighted that the US health insurance industry is facing broad-based increases in medical expenditures. These are […]