Holborn Corporation’s Post

Bermuda-based White Mountains Insurance Group lost $55 million in the second quarter, driven by a $139 million loss in the value of the company's subsidiary MediaAlpha. The company's Bermuda-based subsidiary, Ark reported pre-tax income of $50 million and $83 million in the second quarter and first six months of 2024 compared to $42 million and $78 million in the same periods in 2023. Ian Beaton, CEO of Ark, said: "We are seeing good growth in select lines of business, including marine & energy and accident & health, and in new product classes." Read more insights here: https://ow.ly/Seqg50STKhF #FinancialReport #FinancialInsights #InsuranceIndustry

Neil Hitchcock FCII, CPCU, MCSI, a stalwart in reinsurance broking, shares insights on the sector's evolution and what sets Bermuda Brokers Limited's broking market apart. Gain valuable perspectives from Hitchcock's extensive experience, including roles as CEO in both Lloyd's and non-Lloyd's brokers, on the dynamic changes in reinsurance. https://hubs.la/Q02ttBy20

𝗪𝗮𝗿𝘄𝗶𝗰𝗸 𝗥𝗲 𝗟𝘁𝗱 𝗴𝗿𝗼𝘄𝘀 𝗮𝘀𝘀𝗲𝘁 𝗯𝗮𝘀𝗲 𝗯𝘆 $𝟱𝟱𝟬𝗺 🔹 Warwick Re Ltd, a Bermuda-based reinsurer, announces the completion of its second transaction, boosting its asset base by $550m 📈 🔹 The deal, an annuity reinsurance agreement with a US life insurer, involves reinsuring a block of US annuity business 📊 🔹 Warwick Re to also provide quota share reinsurance for future fixed annuity flow business, marking a strategic expansion in the US annuity market 🔍 🔹 This follows a previous $500m agreement with UK's Just Group plc, underlining Warwick Re's growing presence and capability in offering capital-efficient solutions and asset management expertise 🌐 🔹 CEO Chris McGlashan highlights the importance of the US market and Warwick Re's commitment to innovative solutions for capital and risk management 🤝 #WarwickRe #Reinsurance #AnnuityBusiness #AssetManagement #RiskManagement #InsuranceIndustry #USMarketExpansion #FinancialServices #ProfessionalGrowth 🌍🔖 Simon Perry Penny Street Daniel Levy Frederick Akinwunmi Hirish Avi Ragoo Catherine Gavin Alan Newton Charlotte Midford Natalia Mirin James Cruttenden Hana Patel-Ponda Dev Gajjar Danny Presley Lynette Calitz Klaas van Wyk de Vries

Great insights from Donny Tong, senior vice president, Institutional Sales (Trusts and Escrows), and Evan West, CFA, vice president and senior investment associate at Truist on structuring reinsurance to get the most from your warranty programs. #automotivenews #automotive #automotiveindustry #truist #reinsurance

We attended Plaquemines Association of Business and Industry - PABI's monthly luncheon where we heard Parish President Keith Hinkley give his State of the Parish address. He spoke about his goals for 2024, new parish projects and ongoing economic development in Plaquemines. Thank you, Keith, for giving us your time yesterday. We appreciate your outstanding leadership and all the ways that you continue to Power Plaquemines Forward!🤝 #ansardigroup #TAG #TAGteam #yourmoneymatters #wealthmanagement #investmentadvisor #financialadvisor #retirementplanning #insurance #neworleansadvisors #yourcommunitymatters

Skadden was a founding sponsor of London ReDirect 2024, a conference focused on the UK and European life and annuity reinsurance sector. We had a great lineup of conference sponsors: Athene; Sixth Street; Pacific Life Re; Aviva; Canada Life Reinsurance; InEvo Re; Legal & General; Milliman; SCOR; Reinsurance Group of America, Incorporated; Resolution Life; Hannover Re; Standard Life UK; @Brookfield Wealth Solutions; and Warwick Re. The conference was viewed as a resounding success and we are already planning for 2025.   Here are our Top Ten Takeaways from London ReDirect 2024: #europe #insurance #reinsurance #annuity #financialservices

MC roundtable: Reinsurers urged to be disciplined during nuanced 1.1 property cat renewal Reinsurers will look to maintain the discipline shown at mid-year during the upcoming 1 January property catastrophe renewals as cedants seek to solve continued earnings volatility concerns, while discussions will be increasingly nuanced with much depending on the performance of each account... https://lnkd.in/gkfrcNjp #ReinsuranceMonth #renewals #rates #reinsurance #reinsurancemarket #reinsurancenews

KBRA's Peter Giacone, Senior Managing Director of our #InsuranceSector, joined Michael Pagano, Apollo Global Management, Inc. and Darryl Herrick, Global Atlantic Financial Group today at the Bermuda International Long Term Insurers and Reinsurers - BILTIR conference in #Bermuda. To learn more about our Insurance financial strength ratings, visit www.insurance.kbra.com | #Insurance #IFSR #insuranceratings

Blake Evans-Pritchard was present at the Monte Carlo Rendez-Vous de Septembre this week. https://lnkd.in/gcfMfMXq His biggest takeaways from speaking and listening to industry practitioners ahead of the 1/1 renewals?: - Rates are likely to remain relatively flat, with downward pressure on them in certain areas. - But there are likely to be some complexities in negotiations, such as what a fair price of risk is and where attachment points should sit. - Reinsurers insist they need to focus on long-term stability rather than too much risk-taking, which caused problems in the past. - Reinsurers remain cautious about where their newly-won capital should be deployed. - However, as long as the price and conditions are right, reinsurers stand ready to unlock new capacity – and that could benefit Asia. Read Evans-Pritchard's reflections on this year's edition of RVS, which includes perspectives from MAPFRE RE's Javier San Basilio, Guy Carpenter's Tony Gallagher, and Munich Re's Scott Hawkins: https://lnkd.in/gcfMfMXq #Insurance #Reinsurance #RVS2024

Reinsurers were more proactive when exploring ways to deploy capacity at the mid-year 2024 renewals, which, together with greater depth of data and detailed dialog between buyers and sellers, made for a healthy marketplace, according to Lara Mowery, Head of Distribution, Guy Carpenter. Reinsurance News spoke with Mowery soon after the mid-year reinsurance renewals, to hear her thoughts on market dynamics amid an ever complex and evolving risk landscape for carriers on both sides of the fence. “A main theme through the mid-year renewals was the availability of capacity, which is a very welcome thing for buyers as they were looking for a bit of a change of pace from last year’s renewals, and we certainly saw that in 2024 versus 2023,” said Mowery. Although more so on property than casualty, overall, reinsurers were more proactive at looking at how they could deploy their capacity at the recent renewals, and ultimately there was adequate capacity in both core components of the market. https://lnkd.in/e2jjM6BQ #Reinsurance #MidYear #Renewals #Insurance