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As the reinsurance market moves on from the correction phase, global carrier Everest isn’t focused on short-term price movements but more its role as a solution provider, bringing access to clients, as well as global expertise and capital flexibility in an increasingly interconnected world, according to Jiten Voralia, Chief Underwriting Officer (CUO), Global Reinsurance. Reinsurance…
As the global reinsurance sector enters a period of decelerating growth and margin compression, driven by excess capital and softening rates, Manuel Arrive, CFA, Director, Insurance at Fitch Ratings, said the base case is a “controlled descent, not a fall off a cliff.” Speaking during a briefing at the 68th edition of the Rendez-Vous de…
As reinsurers show both flexibility and interest to support the evolving needs of buyers, global reinsurance broker Gallagher Re is confident its clients can achieve good outcomes at the key January 1 renewals, according to Hamish Dowlen, CEO of EMEA. Speaking with Reinsurance News around the 68th edition of RVS in Monte Carlo, Dowlen said…
Following in-principle approval from the Lloyd’s Council, Cedar Trace Underwriting has entered the Lloyd’s market with a new $300m syndicate for the 2027 underwriting year, to be led by CUO Richard Holden. According to the firm, the syndicate will write a diversified reinsurance portfolio alongside a delegated direct insurance portfolio, marking a significant expansion of…
When he was 5, my son went through a phase where he would climb up onto the couch where I was sitting, plop himself on my lap and punch my breasts, squish them in his hands, then try to pinch my nipples. I’d push his arms down and pull away, saying, “Ouch! That hurts, buddy….
Jérôme Haegeli, Group Chief Economist at Swiss Re and Head of the Swiss Re Institute, has said the “physical economy is back” as the rapid expansion of data centre investment fuels a new global capital expenditure (capex) super-cycle. Speaking during the 68th edition of the Rendez-Vous de Septembre (RVS) in Monte Carlo, alongside colleague Gianfranco…
A recent analysis from PwC suggests the London Market enters the next phase of the underwriting cycle from a stronger position than in the previous soft cycle, supported by significant hard market pricing gains, higher investment returns and improved expense ratios. Ahead of the annual Monte Carlo Rendez-Vous de Septembre (RVS), PwC UK has modelled…
Fitch Ratings, a global credit ratings and research agency, expects competition and abundant reinsurance capacity to put further pressure on margins across the Asia-Pacific market in 2026. The agency says the continued availability of capital is likely to weigh on pricing, with reinsurers potentially offering more favourable terms to selected portfolios. Fitch expects the greatest…
Ocean Re, a global reinsurance company providing reinsurance capacity and underwriting solutions to clients and brokers, has appointed Neil Bramley as Chief Underwriting Officer (CUO), following his period serving in the position on an interim basis. Bramley took on the interim CUO role in May and will now continue in the position on a permanent…
After years of speculation, the race to cast the next James Bond is getting serious. Last week, a new batch of actors was reported to be among the frontrunners to land the role of 007, including Jacob Elordi, Jack Lowden and Paul Mescal. But one of them in particular is reportedly the new favourite to…