Archive

AM Best flags further worsening in cost and availability for Californian property cover

Using historic data for pricing increasingly "unwise" as new climatic paradigm emerges

Rollout of Colorado-style AI insurance rules across US states unlikely

Most US states expected to issue NAIC-style guidance, says Locke Lord

US property rate debate rages as natcats soar

Demands for higher rates for homeowners coverage are creating tensions among consumer groups, regulators and underwriters. Sarfraz Thind reports on attempts to sustain the market as natural catastrophe losses mount

Prudential Financial seals $4.9bn bulk annuity deal with Shell USA

Deal covers $4.9bn worth of pension obligations

Edward Wilson retires as Global Atlantic's CRO

He has been at the insurer for almost five years and previously worked at Goldman Sachs

Just Group strikes $500m funded reinsurance deal with Warwick Re

Prudential Financial promotes Frias to CFO role

Swiss Re economists predict stronger US growth, inflation to relent

Swiss Re Institute expects inflation to dip below 2% in Europe

Markel eyes exit of unprofitable casualty subsegments in 2024 strategy

The insurer's combined ratio of 98% for 2023 was described as "disappointing"

MetLife's revenues and earnings fall at full-year 2023

Net income dropped by 73% on derivative and investment losses