TL;DR: Save 77% on Headway, an app that summarises books into 15-minute chunks, before discounted codes sell out. Is reading trendy? Well, yes — if TikTok’s growing BookTok community and Facebook book club groups have anything to say. If you want to join the conversation but can’t commit to reading full-length books, this is a clever … Read more
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