P&C Insurance

Ahead of the release of its Reinsurance Market Dynamics January 2025 Renewal report next week, re/insurance broking group Aon has noted the greater flexibility exhibited by reinsurers at the January 1st, 2025, renewals, following consecutive years of strong results in the hard market environment. According to Aon, the report will reveal that available capacity expanded […]

Amwins, a distributor of specialty insurance solutions, has published its 2025 Outlook: State of the Market Report, providing valuable insights into the shifting dynamics of the cyber insurance landscape. The cyber insurance market is facing increasing competition and shifting risk profiles, as highlighted in Amwins’ report. Pricing trends show a notable change, with renewal business […]

China’s PICC Property and Casualty Company (PICC P&C) has entered into a new Reinsurance Framework Agreement with PICC Reinsurance, under which the two parties will cede insurance premiums to each other in exchange for commissions. This agreement, effective from January 1, 2025, to December 31, 2025, aims to continue their existing business cooperation. The transactions […]

Redline Underwriting, a Lloyd’s coverholder specialty underwriting firm, has announced the launch of its General Aviation Insurance solution, developed in collaboration with Allianz Commercial from their UK region. This new offering, designed specifically for the Latin American and Caribbean markets, will provide comprehensive coverage for private, pleasure, and business fixed and rotor wing aircraft. Catering […]

According to a recent Swiss Re study, the Waymo Driver is safer than both the general driving population and the latest human-driven vehicles equipped with advanced driver assistance systems (ADAS). The study compared Waymo’s liability claims to benchmarks for human drivers, using Swiss Re’s data from over 500,000 claims and 200 billion miles of exposure. […]

Equisoft, a global provider of digital business solutions for the insurance and wealth industries, has appointed Brian Simpson as Vice President, Insurance Solutions, USA. With over three decades of experience in the life, health, and annuity sectors, Simpson is joining the sales team for Equisoft’s insurance solutions in the US. Commenting on his appointment Simpson […]

The insurance industry is still reaping the rewards of higher investment yields, although the effect is gradually diminishing, analysts at RBC Capital Markets have highlighted in a recent report. Property and casualty (P&C) insurers typically invest in short-term, high-quality investment portfolios like corporate bonds, Treasuries and other highly-rated fixed income instruments. As a result, the […]

Catastrophe bond market records are descending in 2024 and set to be beaten on most fronts, as overall issuance recorded in our insurance-linked securities (ILS) focused sister publication, Artemis’ Deal Directory, is set to hit a new high of almost $17.7 billion for the year. This remarkable figure also includes a record $17.24 billion of […]

The reinsurance industry should expect to see fairly stable conditions at the upcoming January 1st reinsurance renewals, with property catastrophe reinsurance pricing anticipated to be somewhere close to flat due to losses from recent hurricanes Helene and Milton not developing as adversely as original forecasts from cat modelers, according to analysts at RBC Capital Markets. […]

Despite some near-term uncertainties surrounding tax regulations, Keefe, Bruyette & Woods analysts remain optimistic about the Bermuda reinsurance market and maintain their outperform ratings on several leading reinsurers. This conclusion was achieved following the semi-annual Bermuda Tour, where KBW analysts met with reinsurance executives to discuss market conditions and outlook. From their key takeaways, KBW […]