property

Speaking during the Chubb first-quarter earnings call today, CEO Evan Greenberg called out supply-demand factors related to capital in the insurance and reinsurance industry, as well as high levels of intermediation cost, as softening the property insurance market at a pace he called “dumb”.

As per reinsurance broker Gallagher Re, aggregate property reinsurance protection is making a return to the market, following a period of limited availability.

According to James Boyce, CEO of Global Specialties at Guy Carpenter, buyers of aggregate retrocession are beginning to see more favourable conditions, with capacity expanding, more reinsurers entering the market, and oversupply on the rise, all of which are trends that could translate into lower retentions and greater choice.

As per Verisk’s latest Quarterly Property Report, claims volume in the U.S. and Canada continued to decline in the first quarter of 2025, reaching a five-year low, even amid significant weather events across several regions.

Florida’s specialist personal property insurers entered the key 2025 mid-year reinsurance renewals from a position of relative strength, following improved profitability and more favourable operating conditions, according to a new report from credit ratings agency AM Best.

According to Howden Re, the reinsurance broking arm of Howden, risk-adjusted property catastrophe reinsurance rates-on-line fell in a range from flat to down 20% at the June 1st renewals, with ILS capacity said to be adding flexibility and competitive tension in top-layers.

Liberty Specialty Markets, the specialty and commercial insurance and reinsurance arm of Liberty Mutual Insurance, has promoted Nicholas Garside to the role of Head of Bermuda Property.

The influence of alternative forms of reinsurance capital are beginning to be felt much more broadly across both the insurance and reinsurance market, with one area of note being the market for power industry property insurance risks.

Reinsurance broker Guy Carpenter has published its update report on the state of the reinsurance market at the 1st June renewals this morning. Generally reinsurance price rises have begun to slow according to the report as the light catastrophe losses of the start of 2012 combined with positive reinsurer results and a reinsurance sector with […]

Overall the global insurance market continues to be well capitalised and generally competitive despite the major catastrophe losses experienced this year says insurance broker Marsh in their Second Quarter 2011 Insurance Market Update which was published yesterday.