Reinsurance
Aon pegs Q1 insured losses at $20bn
US severe convective storms and winter weather account for majority of losses
AM Best upgrades SiriusPoint ratings to A
Ratings agency cites disciplined underwriting, portfolio de-risking and reduced catastrophe exposure behind the move
Claims litigation surges since introduction of Insurance Act
Case volume rise 180% in the 10 years since the Insurance Act came into force
Morningstar backs European nat cat pool proposal
Plan would close protection gap and increase financial stability, rating agency says
Hamilton launches $300m casualty sidecar
Bermuda firm partners with Sixth Street on first casualty sidecar
More than two-thirds of carrier M&As add value, study finds
Carriers that seek economies of scale often lose out, according to Acord
California authority calls for state-backed wildfire cover
Agency backs stronger measures to extend wildfire cover and more mitigation
Swiss Re names Revell global head of marine and energy
Revell has more than 30 years of reinsurance experience
Reinsurers exposed to $150bn in Iran war liabilities
Marine carriers bear more than $45bn in exposure on hull-only policies, while aviation hull liabilities come to about $35bn, says Guy Carpenter
Reinsurance demand up 10% at April 1: Aon
Reinsurance capital reaches record level of $785bn
Reinsurance pricing continues to soften at April 1
Pricing on Japanese cat XL programmes falls by up to 20%, as Middle East conflict had little impact on renewals, Howden Re reports
AM Best keeps stable outlook on London market
London market should see profits in 2026 despite softening in some lines
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