TD Cowen, an investment bank and research provider, hosted a field trip to London last week with senior management from prominent re/insurance and broking groups, offering insights into shifting dynamics across casualty insurance and related markets. According to TD Cowen, views on casualty insurance were mixed, with some executives pointing to opportunity, including the view […]
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Three-year downward trend in property claims continued in Q2’25: Verisk
The second quarter of 2025 continued the three-year downward trend in total property insurance claims, falling 9.6% compared to the same period last year, however, claims were up 26% from Q1 2025, according to Verisk’s Quarterly Property Report. Verisk attributed the decline in claim volume to non-CAT claims, which dropped 16.8%. CAT claims, by contrast, […]
ACORD study identifies strategies behind top-performing US specialty commercial insurers
ACORD, a nonprofit organisation that develops standards for the insurance industry, has released a new study titled US Specialty Commercial Insurance Market: The Keys to High Performance, which finds that 65% of Excess & Surplus (E&S) writers and 84% of admitted specialty insurers included in the study achieved superior performance. The report provides a comprehensive […]
Willis adds Gillespie as Head of Data & Analytics, Global Direct & Fac Specialty
Insurance broker Willis, a WTW business, has appointed James Gillespie as its new Head of Data & Analytics for its Global Direct & Facultative Specialty team. In his new role, Gillespie will lead the development of new and innovative products, harnessing insights gained from Willis’ data sources, including the broking platform. He will report to […]
Allstate estimates $213m in catastrophe losses for August
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $213 million, or $168 million after tax, for the month of August. The losses included 10 events, with approximately 70% attributable to three wind and hail events. By comparison, Allstate estimated higher catastrophe losses for August […]
Legacy market’s flexibility key as new exposures emerge: Carrick’s Hernon
Phil Hernon, Chief Operating Officer of Carrick Holdings, told Reinsurance News at RVS 2025 that as emerging legacy exposures such as cyber, climate, and social inflation continue to grow, the market is demonstrating its ability to adapt, driven by proactive planning and ongoing education. Discussing all things legacy, Hernon explored a wide range of topics, […]
WTW names Falcucci Director to its ICT business
Global advisory, broking and solutions company, WTW has announced the appointment of Piero Falcucci as Director to its Insurance Consulting and Technology (ICT) business. In his new role, Falcucci will focus on client development and delivery, leveraging his considerable expertise in capital razing and optimisation, reinsurance structuring, M&A, and pricing within the global ultra-high net […]
Reinsurance industry needs sustainable margins & responsible structures: Aon reinsurer panel
The global insurance and reinsurance markets are “all in this together” and as discipline and innovation drive relevance in an increasingly uncertain world, it’s vital that the industry has sustainable margins and responsible structures, and doesn’t forget past mistakes. This is according to Jill Beggs, Executive Vice President, and CEO of Reinsurance, Everest, who spoke […]
Reinsurance brokers push for orderly margin shift to cedants: Berenberg
Following the Monte Carlo Rendez-Vous, Berenberg, the German investment bank and equity research firm, emphasises that reinsurance brokers are pushing for an orderly transfer of margins from reinsurers to cedants. In its post-Monte Carlo report, Berenberg stresses that brokers are actively encouraging an orderly transfer of margins from reinsurers to cedants. With the top four […]
Benign hurricane season could lift reinsurer profits despite softer pricing: J.P. Morgan
Reinsurers could find themselves net beneficiaries of a benign Atlantic hurricane season, with potential profits more than offsetting the effects of a softening market, analysts at J.P. Morgan noted in a recent report. The analysts stated that while recent feedback from Monte Carlo has suggested that a light season would add pressure to pricing in […]