Swiss Re is set to deploy further capacity in the Asia Pacific region at upcoming renewals as the reinsurer looks to capitalise on continued economic growth in the region, according to regional leader Victor Kuk.
Litigation finance is increasingly being used alongside insurance despite the prevailing narrative that the two industries are at loggerheads, according to David Perla, vice chair at Burford Capital.
Threat actors will successfully breach a major “business critical” vendor in 2025, according to executives at insurtech Resilience, who also project that cyber criminals will succeed in executing a “deep fake” attack on a major firm in the year ahead.
Liberty Mutual’s North America Global Risk Solutions (GRS) business is set up for long-term success and “predictable” results after work undertaken in recent years, outgoing region head Kevin Smith has said, with the unit on course to report its best combined ratio in nearly a decade.
Carl Hess has predicted that WTW’s relaunch into treaty reinsurance will get “an enthusiastic reception” from carrier trading partners, adding that the venture is closing in on hiring a management team.
WTW is ramping up its search for M&A deals, according to CEO Carl Hess, who said the firm’s strong organic growth figures in recent quarters have been driven by its reloaded talent base, with its specialisation strategy also paying dividends.
Data is the oil that lubricates the (re)insurance engine. However, poor quality data, particularly in the property sector, is creating friction within this engine, and reducing the market’s overall performance.
(Re)insurers must develop stronger exposure management techniques to better quantify the impact of liability losses, according to Verisk’s Eric Gesick, particularly in light of emerging exposures around PFAS and climate change reporting reporting.
Moody’s is looking to expand its casualty modelling capabilities by size and geography following its recent acquisition of Praedicat, with head of insurance solutions Mike Steel telling The Insurer that the past few years have seen greater engagement between insurers and modelling firms.
Well-performing corporates coming to market to renew their insurance could achieve rate reductions in the low single digits next year, while those operating in more challenged industry segments or exposed to certain problematic perils will face continued upwards pricing pressure.