Reinsurance News
policy renewals
AIG ‘grateful’ for partnerships after ‘very strong’ Jan 1 2025 reinsurance renewals: CEO Zaffino
12th February 2025
Global insurer AIG had another strong renewal season at 1.1 2025, with Chairman and Chief Executive Officer (CEO), Peter Zaffino, stating that since the reinsurance sector's major reset at the January 2023 renewals, the firm's consistency, strategy, placement, and execution has positioned it "very favourably." Zaffino discussed the primary insurer's 1.1 ... Read the full article
Core Specialty agrees renewal rights transaction with Argo
7th January 2025
Insurer Core Specialty and its subsidiaries have entered into a series of transactions with certain subsidiaries of Argo Group International Holdings to acquire the renewal rights and related unearned premium reserves for a significant portion of Argo’s professional lines business, Argo Pro. The Argo Pro business provides professional lines insurance products ... Read the full article
Fitch expects reinsurers to seek double-digit US casualty rate rises at Jan 1
16th September 2024
Fitch Ratings, the credit rating agency, has reported that reinsurers will likely push for double-digit increases in US casualty premium rates during policy renewals in January 2025, as companies look to keep pace with elevated loss costs. This adjustment is seen as necessary in light of where loss costs have trended, ... Read the full article
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