In a strong message to the US Senate Committee on Banking, Housing, and Urban Affairs, the Reinsurance Association of America (RAA) has called for policies that bolster a resilient, competitive private insurance market and reject expanded government-run insurance programs. In a formal letter submitted by RAA President Frank Nutter during the committee’s hearing on “Examining […]
S&P Global Ratings, a provider of credit ratings and financial market insights, upgraded its outlook for MS Amlin AG (operating as MS Reinsurance) and MS Amlin Insurance SE (MS AISE) from “stable” to “positive.” This revision reflects the entities’ improved operational performance and the strategic developments within the MS&AD Insurance Group. S&P also affirmed its […]
In their financial results for the first quarter of 2025, Fairfax Financial Holdings has reported net earnings of $945.7 million, which compares to the $776.5 million seen in the first quarter of 2024. The company attributed its strong performance mainly to increased net gains on investments, partially offset by decreased adjusted operating income of $685.5 […]
There is still significant uncertainty around the topic of tariffs and as the potential implications for insurers and reinsurers continues to evolve, in terms of what line of business and what part of the world, global carrier AIG is going to be proactive and ensure it has the appropriate loss costs and margin built into […]
J.P. Morgan, a financial services firm, is signalling that pricing pressure is beginning to take hold across the commercial insurance and reinsurance sectors. According to early Q1 2025 data analysed by the firm’s insurance research division, the nearly eight-year stretch of consistent premium rate increases is clearly losing momentum—and faster than many market participants had […]
AXIS Capital, a provider of specialty insurance and reinsurance solutions, outlined the potential impacts of tariffs on its operations during its Q1 2025 earnings call. CEO Vincent Tizzio emphasised that while the company anticipates various uncertainties due to the current geopolitical environment, the most immediate impact from tariffs is expected to be on loss costs, […]
Ryan Specialty has reported total revenue of $690.2 million for Q1 2025, marking growth of 25% compared to the $552 million disclosed in Q1 2024. The firm attributed the increase mainly to 12.9% organic revenue growth from new and expanded client relationships, E&S market expansion, recent acquisitions, changes in contingent commissions, and foreign exchange impacts, […]
Global insurer QBE is bolstering its Warranty and Indemnity (W&I) offering with the appointment of Alec Raeside as Underwriter, a London based role. Raeside, a qualified corporate solicitor, is joining QBE’s transactional liability team from international law firm White & Case LLP. He brings to his new role over six years of dedicated mergers and […]
Xceedance, a provider of insurance consulting, technology, operations, and data solutions, has partnered with FurtherAI, a rapidly growing company specialising in AI Assistants designed for the commercial insurance sector. The collaboration aims to support insurers in modernising their operations by combining cutting-edge artificial intelligence with Xceedance’s in-depth expertise in implementation and delivery. The alliance is […]
