In a forward-looking statement, Richard Montminy, the Global Head of Property Risks at Beazley, a prominent global specialist insurer, has forecasted significant changes in the property insurance sector as we enter 2024.
Excess and Surplus Lines, P/C Insurers, Technology
Catastrophe Modeling, Catastrophes, Claims Management, P/C Insurers, Reinsurance
RLI Corp. has reported a full year underwriting income of $173.2 million on a combined ratio of 86.6%, compared to $178.2 million on a combined ratio of 84.4% in 2022.
S&P Global Ratings has assigned a ‘A-‘ financial strength and long-term issuer credit ratings, with a stable outlook, to North End Re Bermuda Ltd. (NERB), a Bermuda-based entity of Brookfield Wealth Solutions (BWS).
The UK life insurance sector is the only life sector in Europe with an improving outlook for 2024, which is largely due to the prospect of strong profitable growth in pension risk transfers, says Fitch Ratings.
Alternative Risk Transfer/Captives, Catastrophes, Disaster Management, Financial Results, P/C Insurers, P/C Pricing, Reinsurance, Risk Management
Privately owned reinsurance company, Himalayan Re-Insurance, has expanded its business to 31 countries as it has been allowed to do reinsurance business from India.
The global legacy market continues to evolve and respond well to varying seller motivations, and with the live market entering a softer phase and M&A activity increasing, industry experts expect new opportunities for the space.
