This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Everest Group CEO Jim Williamson expects the upcoming mid-year reinsurance renewals to present meaningful opportunities for growth, driven by strong demand for property catastrophe coverage and healthy expected returns, with terms expected to hold but some moderation in…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. With Florida’s Citizens Property Insurance Corporation now aiming to upsize its new catastrophe bond issuance to between $1.4 billion and a record $1.525 billion in size, while its overall target for reinsurance has fallen slightly to $4.49 billion,…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. US primary insurer Allstate has lifted the top of its main occurrence Nationwide Excess Catastrophe Reinsurance Program to a new high of $9.5 billion at its recent renewal, with catastrophe bond coverage a growing component, while its retention…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Arch Capital Group CEO Nicolas Papadopoulo says downward repricing in the catastrophe bond market is creating pressure at the top of reinsurance programs, even as structural supply constraints in peak zones like Florida could temper broader softening across…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Attachment points for property catastrophe reinsurance have not slackened in 2025 with the risk-sharing remaining stable between primary markets and reinsurers, but with more loss-affected renewals at the mid-year, Beazley’s CEO Adrian Cox believes the outcome may be…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Speaking today during his firm’s first-quarter earnings call, RenaissanceRe CEO Kevin O’Donnell explained that there is no indication the reinsurance market is trending back to pre-2023 levels, in rates and terms, while he now feels net new demand…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Returns in the reinsurance market are still strong despite softening at recent renewals and this is driving some reinsurers to seek out growth while the opportunity remains, which analysts at J.P. Morgan call a rational view. Traditional reinsurance…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While the mid-year reinsurance renewals are forecast to see further softening of between 5% and 10% as a base case, according to analysts at Evercore ISI, the team there asks whether subrogation potential for the January California wildfires…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Reinsurance sidecars have continued to gain in popularity and brokers have commented today on the expansion of this third-party investor supported segment of the insurance-linked securities (ILS) market, seeing it as one area driving robust capital growth into…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Aon’s Reinsurance Solutions division forecasts increased demand for property catastrophe reinsurance protection in the United States at the key mid-year renewal season, with additional limit of as much as $7.5 billion expected to be sought out by cedants,…