Kyoung-son Song

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Kyoung-son Song covers reinsurance, commercial property and general liability insurance for Insurance Insider US, based in New York City. She joined the team as senior reporter in June 2022 and had her “baptism of fire” in the insurance world covering the landfall and after-effect of Hurricane Ian three months later.

Born and raised in Seoul, KS started her career covering Korean manufacturing and IT companies such as Samsung, LG and Hyundai for an English-language media outlet. She graduated Columbia Journalism School in May 2022 with a Master of Arts degree.

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Specialty lines

Axis to retain a third of GWP generated from RAC Re sidecar: Tizzio

CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.

Kyoung-son Song, 31 October 2025
ILS managers

Third-party capital attracted to longer-tail liabilities: RenRe CEO O’Donnell

O’Donnell believes RenRe is well positioned to produce longer-tail risk to third-party investors.

Jai Singh, 29 October 2025
Catastrophe losses

Melissa’s Jamaica landfall could result in industry losses of over $5bn: BMS

Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.

Kyoung-son Song, 28 October 2025
Talent

Vantage Risk property cat SVP Steinhoff heads to Guy Carpenter

The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.

Kyoung-son Song, 29 September 2025
Property treaty

T&Cs, attachment points in property cat to hold up into 2026: Everest’s Beggs

Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.

Kyoung-son Song, 15 September 2025
Sidecars

Fleming Insurance to raise casualty sidecar of $100mn-$125mn

Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.

Adam McNestrie, 08 September 2025
London market

Oak Re to launch second Lloyd’s syndicate writing property and specialty retro

Syndicate 1440 was approved to assume business incepting January 2026.

Kyoung-son Song, 03 September 2025
Property treaty

Axis grows reinsurance premium cession ratio to 41% in Q2

The firm attributed a 9% drop in reinsurance NWP partly to higher cession rates.

Kyoung-son Song, 30 July 2025
Property treaty

Cincinnati Financial adds $300mn layer on property cat treaty renewal

This brings the carrier’s total limit on the program to $1.8bn.

Kyoung-son Song, 29 July 2025
Legacy

Enstar eyes entry to Bermuda fronting market

The legacy player is working to secure its first deal, and could look to expand to US E&S.

Adam McNestrie, 29 July 2025
Catastrophe losses

Allstate estimates $619mn in pre-tax cat losses for June

The losses were below May’s $777mn, but almost 3x higher than for June 2024.

Kyoung-son Song, 17 July 2025
Property treaty

Lemonade reduces proportion of ceded reinsurance to 20% from 55%

The company said the reduction was due to years of steady improvements.

Kyoung-son Song, 30 June 2025
Talent

Howden Re names Richardson exec chair as Fox exits

Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.

Kyoung-son Song, 30 June 2025
Talent

Aon names Hartung global head of event response for risk capital

The executive has 15 years of experience in meteorology and cat analytics.

Kyoung-son Song, 05 June 2025
Florida

Universal subsidiaries place $2.5bn 2025-2026 reinsurance tower

The Floridian also secured $352mn of multi-year coverage extending to 2027.

Kyoung-son Song, 29 May 2025
Regulation

AM Best assigns A- FSR to Peak Re North America

The Peak Re subsidiary mainly writes US motor and casualty reinsurance.

Kyoung-son Song, 28 May 2025
Renewals

Heritage buys 13% more limit at $2.5bn for 2025-26 reinsurance XoL program

The total cost for the program increased 1.8% from last year’s.

Kyoung-son Song, 08 May 2025
Commercial Lines

Arch CEO anticipates flattish mid-year renewals with additional demand

There’s not much supply in that marketplace, Papadopoulo said.

Kyoung-son Song, 30 April 2025
Re/insurers

RenRe predicts Capital Partners AuM to be ‘stable to up’ through 2025

The firm’s assets under management were down $300mn in Q1 as performance fee income was hit.

Kyoung-son Song, 24 April 2025
Claims and losses

Allstate posts March cat loss of $1.04bn net of reinsurance recoveries

The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.

Kyoung-son Song, 17 April 2025
Commercial Lines

AmRisc raises $580mn for coastal E&S sidecar Trouvaille Re renewal

Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.

Kyoung-son Song, 03 April 2025
Re/insurers

US insurance stocks relatively stable amid tariff-related selloff

Insurance share prices were more resilient than the US stock market.

Abbie Day, 03 April 2025
Bermuda

Casualty ILS market can double annually in next two years: MultiStrat CEO

Industry sources estimate the market to be around $3bn.

Kyoung-son Song, 20 March 2025
Regulation

Intervenors can no longer hold rates hostage: CA Commissioner Lara

“We do not have the luxury of time,” he said during the Bermuda Risk Summit.

Kyoung-son Song, 12 March 2025
Florida

HCI Group spinning off in-house tech subsidiary Exzeo: CEO Patel

HCI will now consist of two operating units – the other being its four underwriting entities.

Kyoung-son Song, 28 February 2025
Lines of business

Allstate estimates reinsurance recoveries of $1.4bn from CA wildfires

The carrier estimated January cat losses of $1.08bn, or $849mn after-tax, including the fires.

Kyoung-son Song, 20 February 2025
Retrocession

SiriusPoint CA fires net loss of $60mn-$70mn will tap retrocession cover: CEO Egan

Wildfire loss ‘serves as a strong reminder not to unwind hard-fought for rates and terms’, the executive said.

Kyoung-son Song, 19 February 2025
Lines of business

Mercury ‘less likely’ to classify Palisades and Eaton as two events: CEO

The company will ‘aggressively pursue subrogation’ for the Eaton Fire.

Kyoung-son Song, 12 February 2025
Lines of business

CA Fair Plan approved for $1bn assessment from member companies

Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.

Kyoung-son Song, 11 February 2025
Lines of business

Mercury General pegs CA wildfire net cat loss at $155mn-$325mn

The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.

Kyoung-son Song, 11 February 2025
Claims and losses

Reinsurance exposure to CA wildfires appears ‘manageable’: AM Best

But cat bonds are experiencing negative secondary market price movement.

Kyoung-son Song, 07 February 2025
Personal lines

Allstate expecting a $1.1bn pre-tax loss from California wildfires

The carrier has been reducing its presence in the state since 2007.

Kyoung-son Song, 05 February 2025
Bermuda

Everest Group pegs California wildfire losses at $350mn-$450mn

The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.

Kyoung-son Song, 04 February 2025
Catastrophe losses

Gallagher Re raises CA wildfire insured loss estimate to $20bn-$30bn

The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added.

Kyoung-son Song, 16 January 2025
Catastrophe losses

CoreLogic estimates Palisades and Eaton insured losses at $35bn-$45bn

This will be the most expensive fire in the state’s history, it said.

Kyoung-son Song, 16 January 2025
Lines of business

CA wildfire losses to exceed $10bn, could approach $20bn: Gallagher Re

The number of structures damaged may put the event on par with the fires of 2017 and 2018.

Kyoung-son Song, 10 January 2025

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