The Diot-Siaci Group, a specialist insurance and reinsurance broker and consulting group, has announced a major ownership restructuring, with Ardian, a private investment firm as lead financial shareholder. Following exclusive negotiations, both companies have signed a definitive agreement regarding the Group’s new ownership structure. The transaction will see Ardian significantly increase its stake in Diot-Siaci. […]
P&C Insurance
US P&C insurers post record $89bn investment income in 2024: AM Best
The US property and casualty (P&C) insurance industry generated a record $89 billion in investment income in 2024, marking a 20% year-over-year increase, according to AM Best. The firm reported that the growth was fuelled by higher interest rates, stronger returns from bonds, and increased contributions from cash and short-term holdings. AM Best noted that […]
Planette launches new forecasting platform for insurance and financial industries
Planette, an expert in long-range weather prediction, has announced the launch of Joro, a high-resolution forecasting platform designed for financial institutions and insurance providers. Unlike traditional forecasts, Joro provides full probability distributions for temperature and precipitation, helping companies model extreme weather scenarios with greater accuracy, the firm explains. The platform fills a critical gap by […]
US P&C insurers boost profitability in H1’25 despite cat losses: Moody’s
Moody’s Ratings, the credit rating agency and research firm, reported that US property and casualty insurers delivered stronger profitability in the first half of 2025, even as California wildfires in the first quarter drove substantial catastrophe losses. According to Moody’s, a representative sample of 20 rated insurers posted net income of $27.0 billion for the […]
Casualty insurance pricing remains high, specialty and non-US markets offer opportunities: TD Cowen
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 […]
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, […]