Global insurance and reinsurance player Everest Group has reported significantly increased cessions from its property catastrophe line of business to cells of its Mt. Logan Re Ltd. third-party capitalised sidecar-like structure in 2024.For the full-year 2024, Everest ceded $433 million in written premiums to Mt. Logan Re, which represents a 76% increase from the $246 … Read more
Florida’s legislative reforms to address claim fraud and legal system abuse are stabilizing the state’s property/casualty insurance market, according to the latest Triple-I Issues Brief. Claims-related litigation has significantly declined over the past two years, and premium averages are nearly flat, with several insurers requesting rate decreases from the state’s insurance regulator. In addition, the … Read more
By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-I’s latest Issues Brief. It was the ninth year in a row of net underwriting profit following eight years of net underwriting … Read more
Having seen the volume of premiums ceded to its Lifson Re collateralized reinsurance sidecar shrink during the first-half of this year, US headquartered insurance holding company W. R. Berkley Corporation caught up a little through the third-quarter, suggesting a change in timing may have driven part of the H1 decline seen.As a reminder, we reported … Read more
Most gamers prefer to play online games to prevent filling up their PC’s storage with many games. There are a lot of gaming websites that offer access to online premium games, but they are not free. That is why most players face problems while accessing their favorite games online, which are free of cost. This … Read more