Reinsurance News
capacity
Willis Re expects further easing of conditions, greater competition & continued new supply in 2026
31st December 2025
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, forecasts that in 2026 there will be continued new supply, alongside easing of conditions and greater competition between reinsurers for cessions. The broker notes that almost all segments showed a softening in reinsurance pricing over 2025, with ... Read the full article
Reinsurance capacity strong despite rising cats and adverse casualty trends: S&P
31st January 2025
Bolstered capital from strong earnings in 2024 led to ample capacity and strong reinsurer capital positions, contributing to a more orderly renewal season despite ongoing challenges from natural catastrophes and adverse casualty trends, according to a recent S&P report. “The January 1, 2025, reinsurance renewals marked a return to normalcy after ... Read the full article
MGA Volt increases capacity for US onshore power and renewable energy risks by 50%
19th December 2024
London-based Volt Underwriting, a Lloyd’s approved coverholder, has announced a significant increase in its underwriting capacity for 2025, as it has secured a new $37.5 million binding authority for onshore power and renewable energy risks in the US and internationally. This represents a 50% increase in Volt's capacity to underwrite these ... Read the full article
Helios’ Lloyd’s syndicate portfolio 2025 capacity expected to be £484m
18th December 2024
Lloyd’s-focused investment vehicle Helios Underwriting has announced the capacity for its 2025 Lloyd's syndicate portfolio is expected to be £484 million, which is 5% lower compared to 2023, where total capacity stood at £512 million. According to the announcement, this new capacity reflects the company’s strategic adjustments, following trading at the ... Read the full article
Bridgehaven and Accredited secure capacity deal with Policy Expert
29th November 2024
Bridgehaven Insurance, the hybrid fronting insurer, will serve as capacity provider alongside Accredited on a new co-insurance arrangement with Policy Expert, the UK personal lines managing general agent (MGA). According to the announcement, the agreement with Bridgehaven will last for two years, complimenting the firm's existing six-year program management agreement signed ... Read the full article
MGA Aqueous secures capacity deal with Allied World and Sompo
19th November 2024
Specialist managing general agent (MGA) Aqueous Underwriting has obtained major new capacity in a three-year deal with insurers Allied World and Sompo. From what Reinsurance News understands, the move to a syndicated capacity arrangement will provide the MGA with the opportunity to significantly develop and boost its product suite as it ... Read the full article
‘Consistent capacity’ is needed to help close protection gap in Africa: Shah, ASR CEO
4th October 2024
As a developing Continent that is seeing increased interest in business investment, Africa presents growth opportunities for insurers and reinsurers, Mikir Shah, CEO of Africa Specialty Risks (ASR), said in a recent interview with Reinsurance News. At the same time, there is a shortage of insurance capacity across the continent, which ... Read the full article
Neptune positioned to write over $100bn in insurance with increased capacity for 2024 hurricane season
4th June 2024
Us private flood insurer Neptune Flood has secured over $300 million of premium capacity for the 2024 hurricane season, which is predicted to be more intense compared to other years. The increased capacity positions the company to write over $100 billion in insurance and protect up to 100,000 additional homes and ... Read the full article
Lloyd’s Syndicate Ki expands digital follow capacity with Beazley partnership
28th March 2024
Ki, the digital and algorithmically driven Lloyd’s follow platform, has entered into a multi-year partnership with Beazley by adding the insurer’s capacity to its platform. This partnership will include Ki offering additional follow capacity from Beazley syndicate 2623/623 through its digital platform from 2 April 2024. Having grown significantly since its launch ... Read the full article
Coalition enters capacity agreement with Aspen for US support
11th March 2024
Coalition, an active cyber insurance provider, has entered a long-term capacity agreement with Aspen Specialty Insurance Company to deploy cyber insurance capacity in the US. Through this agreement, Aspen will assume a share of Coalition’s US surplus lines cyber program this year, beginning on or after April 1, 2024. Shawn Ram, Head ... Read the full article
Mitsui Sumitomo reportedly to increase underwriting capacity in London to £3bn
15th February 2024
Japanese insurer Mitsui Sumitomo Insurance (MSI), owner of Lloyd’s of London underwriter MS Amlin, is investing in the UK hub as it announces its plans to increase its underwriting capacity to £3 billion in the next five years. According to a recent report by the Financial Times, Mitsui Sumitomo plans to ... Read the full article
SURE launches surplus lines homeowners insurance in California to address capacity gap
7th February 2024
SureChoice Underwriters Reciprocal Exchange (SURE), in partnership with SageSure, a managing general underwriter focused on catastrophe-exposed markets, has entered the Californian market with the launch of its surplus lines homeowners insurance. The new product addresses critical capacity gap amid a retrenching market - seven of the state’s largest insurers have restricted ... Read the full article
No capacity shortage but cautious deployment: AM Best
11th September 2023
“We don't see a shortage of capacity, what happens is that the way that capacity has been deployed has become much more cautious,” AM Best’s Carlos Wong-Fupuy commented at the annual Rendez-Vous de Septembre (RVS) event in Monaco. The re/insurance sector remains very well capitalised despite some reductions in the capital ... Read the full article
Mosaic raises line size for political-risk coverage to $30m
27th June 2023
Specialty insurer, Mosaic Insurance has raised capacity from $15 to $30 million per political risk to support green finance in developing economies. This move was made by leveraging both its Lloyd’s Syndicate 1609 and trade-partner capital through its syndicated management program. Additionally, the insurer also lengthened the tenor, or term provisions, of ... Read the full article
Capacity Insights launches in UK, offering disruptive insurance solutions for travel and consumer lines
8th June 2023
Capacity Insights, a new underwriting managing general agent (MGA), has entered the insurance market with a focus on transforming the travel and consumer lines sectors. Founded by industry veterans Phil Denman as CEO and Jessica Tubb as Commercial Director, the MGA aims to provide personalised underwriting solutions based on market insights, ... Read the full article
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