Markel Group has entered into a reinsurance runoff agreement with Enstar Group, the legacy acquisition specialist that is providing $1.2 billion of adverse development cover for underwriting years 2025 and prior. “[W]e are taking decisive action on legacy exposures,” said …
Recently discovered security flaws in PHP programming language, used by many websites globally, has highlighted the potential for cyber risk aggregation, which has long worried insurers and made them reluctant to aggressively increase their risk appetites, according to the ratings …
The US property/casualty insurance segment saw substantially fewer ratings downgrades and more ratings upgrades in the first half of 2026 — mostly related to either poor or improved operating performance, according to AM Best. There were about half as many …
Lloyd’s of London reported an improved first-half combined ratio of 90.8%, (H1 2025: 92.5%), which drove an underwriting profit of £1.9 billion (US$2.6 billion), compared with £1.5 billion (US$2.0 billion) in H1 2025. The major claims ratio improved to 6.8% …
Guy Carpenter, the reinsurance arm of Marsh, has been rebranded Marsh Re — retiring a name that has been in the insurance and reinsurance market for more than 100 years. “A new name for an expanded vision,” said the promotional …
The insurance industry should be prepared to withstand $171 billion in insured catastrophe losses, on average in a given year, up $19 billion from a year ago, according to Verisk, the data analytics and technology provider. In its highest estimate …
Munich Re has reclaimed its position from Swiss Re as the largest global reinsurers that use IFRS-17 accounting standards, while Lloyd’s has moved to the top ranking of non-IFRS-17 reinsurers, according to AM Best. Among IFRS-17 reporters, Munich Re is …
The UK has lagged behind many of its insurance market competitors in that it does not have a not have a tailored regime to allow the formation of captive insurers, which has led many corporations to establish their captives overseas, …
Zurich Insurance Group’s proposed £8.1 billion (US$10.8 billion) acquisition of Lloyd’s insurer Beazley plc has received approval from Australia’s regulatory watchdog. The Australian Competition and Consumer Commission (ACCC) announced on June 17 that the acquisition “may be put into effect” …
Legal reforms, improved building resilience, and disciplined underwriting have combined to restore confidence in the Florida re/insurance market – leading to increased capacity as well as improved terms and pricing during the June reinsurance renewals, according to Guy Carpenter. Since …