Reinsurance News
commercial reinsurance
Total claims costs from 2016-2024 hit $1.1trn for Bermuda commercial re/insurers: BMA
15th September 2025
From 2016 to 2024, Bermuda commercial insurer and reinsurer incurred $1.1 trillion in gross claims costs to policyholders and cedants globally, according to data from the Bermuda Monetary Authority (BMA). Over the nine-year period, Bermuda re/insurers incurred a total of $831 billion in gross claims costs to US, Europe, and UK ... Read the full article
Insurance pricing rolls off highs as market momentum shifts, says J.P. Morgan
2nd May 2025
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 ... Read the full article
Guidewire’s Jasper will enhance P&C commercial lines agility
4th April 2024
Guidewire, a platform provider for property and casualty (P&C) re/insurers, has announced its latest release, Jasper, designed to enhance capabilities and bolster agility in commercial lines. Jasper offers P&C insurers a flexible, cloud-based platform tailored specifically to the needs of commercial lines, facilitating quicker policy issuance and processing. Moreover, Jasper enhances risk ... Read the full article
Marsh McLennan Agency expects stable commercial property reinsurance market in 2024
18th March 2024
Marsh McLennan Agency (MMA), part of the global insurance and reinsurance broker, has released its 2024 Commercial Property Insurance Trends report, highlighting a more balanced reinsurance market this year compared to the harsh conditions of 2023. According to MMA, "In 2023, the industry witnessed the toughest property reinsurance market in decades." This ... Read the full article
SURE to offer commercial property coverage in South Carolina
7th November 2023
SureChoice Underwriters Reciprocal Exchange, in partnership with SageSure, has announced its expansion to the South Carolina commercial property market with its business owners policy (BOP) offering. SureChoice Underwriters Reciprocal Exchange is a policyholder-owned coastal insurer, and SageSure is a managing general underwriter focused on catastrophe-exposed markets. After launching its BOP program in ... Read the full article
Capacity returning to the excess liability market – WTW
17th June 2022
Domestic US casualty deployed capacity has increased to $950 million, up from $690 million in early 2020, according to new data released by WTW. This, they say, is the result of legacy carriers recently utilising more of their available capacity on excess towers. The report finds that carriers are more inclined ... Read the full article
Chubb promotes Nathalie Meyer to President, Switzerland
21st January 2022
Global re/insurer Chubb has appointed Nathalie Meyer as Country President for Switzerland, where she will be responsible for Chubb's property and casualty, accident and health, and consumer lines operations across the country. Prior to this position, Meyer was the leader for Middle Market, SME and Industry Practices. She replaces Dawn Miller, outgoing ... Read the full article
Parliament launches inquiry into UK’s commercial re/insurance market
17th January 2022
The regulation of the UK's commercial insurance and reinsurance market is the subject of an inquiry by the House of Lords Industry and Regulators Committee. The Committee has published a call for evidence for its inquiry into the London Market, which is focused on commercial and wholesale speciality risks. The purpose of ... Read the full article
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