Property and auto-focused insurance group, Progressive, renewed its aggregate excess of loss (XoL) reinsurance program for its property business at the January renewals with a lower retention for both layers, and has also renewed and upsized its hurricane coverage for the 2024 wind season.
Construction, Excess and Surplus Lines, P/C Insurers, Property, Workers Comp Coverage Beazley, QBE
Enact Mortgage Insurance Corporation, the flagship legal entity of mortgage insurer Enact Holdings, Inc., has entered into two quota share reinsurance agreements with a broad panel of highly rated reinsurers, subject to certain conditions.
D&O, Employment Practices, General liability
Cyber Risks, Excess and Surplus Lines, P/C Insurers, P/C Pricing Axa, Chubb Ltd.
Coverage Disputes Alliant Insurance, Willis Towers Watson
Catastrophes, P/C Insurers Aon, Arthur J. Gallagher & Co., Marsh & McLennan
P/C Insurers, Risk Management AIG, Berkshire Hathaway
Agents and Brokers, Catastrophes, P/C Insurers, Property Aon
The overall ability of insurance to offset financial risks stemming from catastrophic events, including climate-related events, is relevant to the creditworthiness of issuers and debt instruments outside of the insurance sector, according to S&P Global Ratings.
