Trading conditions at the January 1st, 2024, reinsurance renewals were much more stable than a year earlier, and with discipline maintained and a greater willingness from existing carriers to deploy, the outlook for 2024 is one of more stability and healthy levels of profitability, according to Paul Gregory, Chief Underwriting Officer (CUO) of Lancashire Group.

Analysts at Berenberg are forecasting improved results for AXA ahead of the company’s forthcoming H1 results, including better underwriting both on a group level and within the AXA XL business unit.

The Council of the European Union (EU) and the Parliament have come to a provisional agreement on amendments to the Solvency II directive, which they say will “boost the role” of the re/insurance sector and make it a more resilient and prepared industry for the benefit of policyholders.

Zurich-based catastrophe insurance data provider PERILS has disclosed its second industry loss estimate for the floods and storms caused by Babet (Viktor) and Aline (Wolfgang) over the British Isles and northwestern Europe in October 2023, increasing the figure to €683 million.

Kenmare Holdings Ltd., a wholly owned subsidiary of Enstar Group Limited, entered into a purchase agreement with Trident V, L.P. along with their affiliated funds, Dowling Capital Partners I, L.P. and Capital City Partners LLC, to acquire all of the remaining common shares of StarStone Specialty Holdings Limited.

According to analysts at GlobalData, Mexico’s general insurance industry is expected to grow at a compound annual growth rate (CAGR) of 7.5%, from $18.2 billion in 2021 to $26.1 billion in 2026.

Swiss Re has announced two new hires within its cyber reinsurance team, naming Giv Kahrom as Head of Cyber Asia, and Alex Stubbs as Senior Cyber Underwriter for the UK market.