Samuel Casey

Re/insurers

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Munich Re expects mid-triple-digit-million-euro loss from Melissa

The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.

Samuel Casey, 11 November 2025

Re/insurers

Climate change ‘rapidly undermining’ foundations of insurance: WWF

The charity said that improved ecosystems could help protect from disasters.

Samuel Casey, 10 November 2025

Claims and losses

KCC pegs privately insured Melissa losses at $2.4bn

The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.

Samuel Casey, 06 November 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

M&A

Sompo acquires Aspen for $3.5bn

The purchase brings Sompo an established ILS platform as part of the deal.

Samuel Casey, 27 August 2025

MGAs/MGUs

SiriusPoint inks wildfire parametric capacity deal with Arden

Property MGA Arden Insurance Services specialises in multi-family habitations.

Samuel Casey, 13 August 2025

Interviews

Hiscox managing ‘micro-cycles’, but rates remain adequate: Hussain

The carrier posted its H1 results earlier today, beating analyst consensus.

Samuel Casey, 06 August 2025

Sidecars

Several casualty-focused sidecars to close in 2025-26: Aon

The sidecars will provide capacity for reinsurers and large insurance carriers.

Liz Bury, 30 June 2025

Talent

Markel promotes Marshall to head of ILS

Nikki-Lynn Marshall has worked at Markel since 2022.

Samuel Casey, 27 June 2025

Brokers

Willis Re looks to GC for Fletcher-led retro team as build-out ramps up

The Bermuda-based team is led by John Fletcher. 

Samuel Casey, 10 June 2025

Catastrophe bonds

Canopius to raise $125mn Finca Re cat bond for US storm and quake

The carrier previously raised a Finca Re cat bond in 2022.

Samuel Casey, 28 May 2025

Catastrophe bonds

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Technology Insurance Company unveils $100mn Solis Re cat bond

The company is a wholly owned subsidiary of AmTrust Financial.

Samuel Casey, 28 May 2025

Catastrophe bonds

Fidelis’ Herbie Re cat bond upsizes to $90mn

The carrier previously redeemed from a Herbie Re cat bond for California wildfire claims.

Samuel Casey, 27 May 2025

Catastrophe bonds

MPIUA targets $150mn Mayflower Re cat bond

The catastrophe bond comes after the issuance of a Mayflower Re bond last year.

Samuel Casey, 01 May 2025

Re/insurers

Scor hires Swiss Re’s Rüede to turn around L&H division

The carrier announced a major writedown in its L&H book last year.

Samuel Casey, 23 April 2025

Catastrophe losses

Perils pegs Cyclone Alfred loss at A$2.57bn

The storm made landfall in Queensland, Australia at the beginning of March.

Samuel Casey, 23 April 2025

Catastrophe losses

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Q1 insured cat losses of $53bn driven by CA wildfires: Aon

Insured losses were the second highest on record for the first quarter.

Samuel Casey, 17 April 2025

Bermuda

Acrisure Re confirms Romeo appointment as head of Bermuda

The broker has also hired fellow Aon broker Barry Gordon in a role trading ILWs.

Samuel Casey, 15 April 2025

Reinsurance

The Fidelis Partnership hires Manning as head of ceded reinsurance

Suzanne Wells is also joining the company from Arch as COO.

Samuel Casey, 10 April 2025

Catastrophe losses

TSR keeps 2025 Atlantic hurricane forecast at close to 30-year norm

The prediction comes after a highly active hurricane season in 2024.

Samuel Casey, 07 April 2025

Re/insurers

US insurance stocks drop as market tariff turmoil continues

Markets have taken a battering across the globe following the “Liberation Day” announcement.

Samuel Casey, 04 April 2025

London market

Ex-Hiscox Re & ILS CEO Krefta joins Apollo as non-exec director

Since leaving Hiscox Krefta has founded a consultancy.

Samuel Casey, 01 April 2025

Retrocession

Conduit to top up reinsurance due to $100mn-$140mn LA fires loss

The firm announced CEO Trevor Carvey will retire and is returning to the UK from Bermuda.

Rachel Dalton, 31 March 2025

Catastrophe losses

Myanmar rocked by magnitude 7.7 earthquake

The event has caused widespread damage in Bangkok, Thailand.

Samuel Casey, 28 March 2025

Catastrophe bonds

Auros and Elevate secure $150mn Gateway Re cat bond coverage

The bond upsized by around 20% as pricing settled 2% below initial guidance at 7%.

Samuel Casey, 24 March 2025

Catastrophe losses

Midwest tornadoes cause major damage and leave 40 dead

The insurance industry has experienced mounting losses from severe convective storms.

Samuel Casey, 17 March 2025

Catastrophe losses

Ex-Tropical Cyclone Alfred insurance catastrophe for Queensland: ICA

Almost 300,000 people have been left without power from the storm.

Samuel Casey, 10 March 2025

ILS investors

Moody’s Insurance Advisory hires Mican for global ILS role

Insurance Insider ILS revealed last week that the executive was leaving Property Claims Services.

Samuel Casey, 17 February 2025

London market

Pool Re retro renewal with Treasury opens up more private market opportunity

The changes follow a strategic review of the Pool Re scheme in 2022.

Samuel Casey, 10 February 2025

Bermuda

Bermuda Supreme Court sanctions scheme of arrangement for R&Q Re

The restructuring arrangement is designed to protect creditors.

Samuel Casey, 05 February 2025

Catastrophe bonds

Hiscox targets $200mn Ocelot Re cat bond for storm and quake

The carrier previously raised $125mn via an Ocelot Re cat bond in 2023.

Samuel Casey, 03 February 2025

ILS managers

Twelve Capital and Lumyna launch parametric ILS fund

The offering is a collaboration with Generali and parametric carrier Descartes.

Samuel Casey, 03 February 2025

London market

Ariel Re Capital Partners completes first fundraise

The capital partners unit was launched via London Bridge 2 in Lloyd’s last year.

Samuel Casey, 30 January 2025

Catastrophe losses

Utility firm SoCal Edison investigated in relation to Hurst Fire

Utilities have faced major liabilities for their involvement in starting wildfires.

Samuel Casey, 13 January 2025

Renewals

IAG places A$10bn 2025 cat reinsurance programme and volatility cover

The carrier said reinsurance was a key component of its “low-volatility strategy”.

Samuel Casey, 07 January 2025

Talent

Acrisure lands Reith for dual role on MGA capital and as Volante exec chairman

The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.

Samuel Casey, 20 December 2024

Regulation

ECB and Eiopa propose nat-cat reinsurance scheme which could tap ILS

The bodies said that tapping into the cat bond markets was a possibility.

Samuel Casey, 18 December 2024

London market

AIG launches Lloyd’s reinsurance syndicate with Blackstone

The carrier has used Lloyd’s London Bridge 2 structure for the launch.

Samuel Casey, 13 December 2024

Florida

Florida Citizens incurs $461mn Milton claims and $121mn for Helene

The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.

Samuel Casey, 10 December 2024

Interviews

Ascot ‘likely’ to expand Leadline CP non-property AuM in 2025

CEO Jonathan Zaffino said he saw opportunities for expansion in casualty.

Samuel Casey, 02 December 2024

Claims and losses

Moody’s RMS stochastic model puts Milton mean wind loss at $25.3bn

The pre-landfall figures are not an official loss estimate from the modeller.

Samuel Casey, 10 October 2024

Lines of business

Verisk pegs Helene at $6bn-$11bn in latest loss estimate

Earlier this week, Moody’s RMS Event Response estimated the event would cost $8bn-$14bn.

Samuel Casey, 09 October 2024

Swiss Re world’s largest reinsurer in ‘generational hard market’: AM Best

The ratings agency said comparing companies was complicated by the adoption of IFRS 17 accounting.

Samuel Casey, 28 August 2024

Toronto flooding in July inflicts C$940mn insurance loss: CatIQ

Data shows that nat cat losses in Canada have increased substantially this century.

Samuel Casey, 20 August 2024

Floods lead to doubling of annual insured losses in Australia: ICA

Rising premium income is not keeping pace with the increased cost of claims.

Samuel Casey, 19 August 2024

Hedging and reduced premium will ‘modestly lower’ Nephila revenues

Insurance Insider ILS reported in June that the company had bought substantial ILW coverage.

Samuel Casey, 01 August 2024

Enstar inks first ILS legacy deal for $350mn

The deal announced in its Q2 results came as the carrier agreed a take-private deal.

Samuel Casey, 29 July 2024

Convective storm activity pushes cat losses to $58bn in H1: Aon

The figure is well above the historical average of $39bn for this century.

Samuel Casey, 18 July 2024

TSR worsens hurricane forecast for ‘hyper-active’ season

The forecast comes following the earliest Category 5 storm on record.

Samuel Casey, 05 July 2024

Howden invests in Keystone ILS Capital in Japan push

The broker is entering the Japanese market with a focus on ILS.

Samuel Casey, 03 July 2024

Cat 4 Hurricane Beryl swoops towards Caribbean

Grenada and St Vincent and the Grenadines are under the most threat from the storm.

Samuel Casey, 01 July 2024

Investor scepticism driving lack of new reinsurance entrants: Gallagher Re

The broker said it did not anticipate a slew of new entrants, with the possible exception of casualty start-ups.

Samuel Casey, 28 June 2024

Aon puts ILS capital at all-time $110bn high in mid-year renewals

The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.

Samuel Casey, 28 June 2024

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Canadian property insurance exposure grows 11% in 2024 to C$19tn: CatIQ

There was a 12% increase in flood sums insured to C$7.3tn.

Samuel Casey, 20 June 2024

German floods to cost insurers EUR2.4bn-3.6bn: Verisk

Loss estimates are coming in for the weather event in Bavaria and Baden-Württemberg.

Samuel Casey, 19 June 2024

CSU maintains ‘extremely active’ hurricane forecast in June update

The research body initially warned of an active storm season in April.

Samuel Casey, 12 June 2024

Bavaria and Baden-Württemberg flooding to cost insurers EUR2bn

Europe has experienced an uptick of insured losses from severe weather.

Samuel Casey, 07 June 2024

World Bank ‘just scratching surface’ of cat-bond market

The World Bank’s Michael Bennett was speaking at the Insurance Insider ILS conference.

Samuel Casey, 25 April 2024

Aspen and Pimco launch Bermuda casualty sidecar Pando Re

Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.

Samuel Casey, 16 April 2024

Jamaica seeks $150mn named storm coverage with IBRD bond

The coverage will be parametric based on the central pressure of the storm.

Samuel Casey, 04 April 2024

Taiwan struck by largest earthquake in 25 years near Hualien City

Tremors were felt as far north as capital city Taipei.

Samuel Casey, 03 April 2024

Verisk adds Vantage’s Hendrick to board as independent director

The executive brings over 30 years of (re)insurance experience to the role.

Samuel Casey, 02 April 2024

Aon hails ‘dramatic shift’ towards ‘ample’ property cat re capacity

The broker said 1 April Japanese renewals reinforced positive trends in the US at 1 January.

Samuel Casey, 02 April 2024

Florida Peninsula and Edison seek $100-150mn with Palm Re cat bond

The bond will cover named storms in the state of Florida.

Samuel Casey, 02 April 2024

Japan earthquake only non-US $1bn+ cat loss in ‘benign’ Q1: Cresta

Several prior-year cat losses deteriorated during the quarter.

Samuel Casey, 02 April 2024

MS Amlin names Guy Carp’s Phibbs to lead nat cat research

He will oversee the syndicate’s catastrophe modelling capabilities.

Samuel Casey, 26 March 2024

Pricing on Pure’s Ashera Re moves beyond lower edge of guidance

The carrier has added $5mn to the target limit bringing it to $105mn.

Samuel Casey, 19 March 2024

Schroders Capital surpasses $5bn of ILS AuM as it promotes new co-heads

Daniel Ineichen and Flavio Matter have been promoted to co-heads of ILS.

Samuel Casey, 13 March 2024

Munich Re P&C Q4 operating profits fall to EUR169mn with CoR of 91.6%

The carrier announced a capital repatriation plan of EUR3.5bn.

Samuel Casey, 27 February 2024

Perils pegs Cyclone Gabrielle at NZ$2.17bn in final loss pick

The event occurred a fortnight after major North Island flooding in New Zealand.

Samuel Casey, 16 February 2024

Judge finds with Covéa and Markel in Covid-19 BI reinsurance dispute

The carriers were in arbitration with UnipolRe and Gen Re.

Samuel Casey, 13 February 2024

California in state of emergency as storms hit southern counties

A so-called atmospheric river effect is behind the severe weather.

Samuel Casey, 06 February 2024

Perils pegs Turkey earthquake at $6.2bn in final estimate

The figure represents a 26% increase on the previous estimate.

Samuel Casey, 06 February 2024

Aon places cyber cat bond for European corporate giant

The client lacked options in the conventional insurance market.

Samuel Casey, 02 February 2024

Aon posts Q4 organic growth of 7% and books $197mn Vesttoo charge

Growth driven by 14% expansion in reinsurance solutions division.

Samuel Casey, 02 February 2024

Porch Group invests $57mn in HOA as Vesttoo fallout continues

The investment comes in exchange for a $49mn surplus note from HOA and the acquisition of HOA’s rights to potential claims stemming from the Vesttoo fraud.

Samuel Casey, 26 January 2024

GeoVera increases Veraison Re cat bond to $175mn

Pricing is now targeted for 30 January, and closing on 6 February.

Samuel Casey, 26 January 2024

Miller snares Guy Carpenter’s Sinniah as head of reinsurance and capital

The executive joins the company as it looks to bolster its reinsurance capabilities.

Samuel Casey, 17 January 2024

UK Storm Henk threatens insured losses of £150mn: PwC

The scale of the claim is expected to be just within the expected total weather losses for insurers.

Samuel Casey, 10 January 2024

Verisk pegs Japan earthquake insured property loss at $1.8bn-$3.3bn

The figure does not include losses from the likes of infrastructure, automobiles and business interruption.

Samuel Casey, 09 January 2024

Japan earthquake may drive aggregate loss incursion but no immediate cat bond risk: Plenum

Tsunami warnings were initially issued following the earthquake but were subsequently downgraded.

Samuel Casey, 02 January 2024

Hiscox targets $100mn wind and quake cover with Ocelot Re bond

The bond will provide index-based, annual aggregate coverage in the US and Canada.

Samuel Casey, 14 December 2023

Hannover Re expects group net income of EUR2.1bn for 2024 and 89% P&C CoR

The carrier also laid out its financial strategy through to 2026 in an investor-day disclosure.

Samuel Casey, 12 December 2023

Howden Tiger names Forman and Stamatis NA co-heads of HTCMA

The executives will look to bring the company’s full suite of products to clients.

Samuel Casey, 07 December 2023

Golub Capital partners with RGA on Ruby Re sidecar

The represents Golub Capital’s first insurance sidecar transaction.

Samuel Casey, 06 December 2023

Arbol launches London MGA for climate risk coverage

The business will service clients in the agriculture, renewable energy and construction industries.

Samuel Casey, 16 November 2023

US wildfires threatening cat losses in former low-risk areas: Chaucer

The insurer said cat models had failed to gauge potential levels of damage accurately.

Samuel Casey, 13 November 2023

IAG joins Federal Government cyclone reinsurance pool

The pool was launched in July 2022 and is backed by a A$10bn government guarantee.

Samuel Casey, 13 November 2023

2023 nat-cat losses to surpass $100bn for sixth consecutive year: Gallagher Re

The broker said that $100bn+ loss years have become the “new normal”.

Samuel Casey, 18 October 2023

‘Rapid weakening’ for Hurricane Lidia after Cat 4 Mexico landfall

The storm made landfall on Tuesday night in the Mexican state of Jalisco.

Samuel Casey, 11 October 2023

AM Best assigns Hagerty Re A- financial strength rating and a- credit rating

The rating follows a $25mn debt financing for the company in June last year.

Samuel Casey, 03 October 2023

Italian convective storms largest non-US cat loss in Q3 at $2.2bn: Cresta

Loss data going back to 2000 reveals that severe convective storm plays an “ever more important role” in cat losses.

Samuel Casey, 03 October 2023

Porch Group invests $57mn in HOA as Vesttoo fallout continues

The company has also been appointed to the statutory committee of unsecured creditors in Vesttoo’s bankruptcy case.

Samuel Casey, 28 September 2023

Howden Tiger names Ronda CEO and Bredahl Capital Markets executive chair

The leadership change follows Howden’s landmark acquisition of TigerRisk at the beginning of the year.

Samuel Casey, 27 September 2023

California Earthquake Authority seeks $150mn with new Ursa Re cat bond

Earlier this year, the CEA raised $200mn in limit for an Ursa Re cat bond.

Samuel Casey, 26 September 2023

California launches sustainable insurance strategy to tackle wildfire risk

Carriers have announced significant exposure reductions in the state this year.

Samuel Casey, 22 September 2023

Hannover Re looks to further price strengthening

CEO Jean-Jacques Henchoz said it was “difficult to find a positive trend” in the global risk outlook.

Samuel Casey, 11 September 2023

Financial Acquisitions Corp looks to create £1bn Lloyd’s vehicle

The SPAC has undergone a dramatic shift in strategy since it first listed on the London Stock Exchange.

Samuel Casey, 08 September 2023

Nephila among backers of Mosaic syndicated capital programme

Mosaic syndicated capital programme hits $250mn GWP across seven lines.

Samuel Casey, 05 September 2023

Reinsurance prices to continue rising and demand to flatten in 2024: Moody’s

The ratings agency’s survey found that a trend of rising claims is expected to continue, but reinsurance demand is likely to flatten, mostly because of high costs.

Samuel Casey, 04 September 2023

Sailboat in the Hamilton, Bermuda, harbor.

US-Bermuda reinsurers should sustain or improve underwriting in 2023: AM Best

The ratings agency said there had been no capital inflows through new company formations.

Samuel Casey, 31 August 2023

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Stage set for ‘rapid intensification’ of Idalia: National Hurricane Center

The storm is set to become an “extremely dangerous major hurricane” by landfall on Wednesday.

Samuel Casey, 29 August 2023

Reinsurers still struggling to meet cost of capital: AM Best

The broker said economic uncertainty, climate risk and inflation were challenges for the industry.

Samuel Casey, 29 August 2023

Alternative capital to form 24% of total market in 2023: Howden Tiger

The broking firm’s (re)insurance market update said growth in alternative capital is a now a permanent feature of the market.

Liz Bury, 24 August 2023

Reinsurers to earn cost of capital for first time this cycle: Howden Tiger

The broker said that capital levels should stabilise at previous levels, given a normal second half.

Samuel Casey, 24 August 2023

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HSCM Ventures partner Jones leaving after less than three years

The executive joined the company from Scor, where he helped to launch Scor P&C Ventures.

Samuel Casey, 24 August 2023

Munich Re remained largest reinsurer in 2022: AM Best

AM Best said market hardening was likely to continue through 2024, given global market conditions.

Samuel Casey, 22 August 2023

Perils increases loss estimate for Emilia-Romagna floods 29% to EUR488mn

The loss event was flagged by European carriers in recent Q2 earnings disclosures.

Samuel Casey, 22 August 2023

Samuel Casey

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