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03.09.26 - 17:24
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CORRECTING and REPLACING Best′s Market Segment Report: Casualty Sidecars Transfer the Risk, But Not Always the Tail (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--Second paragraph, first sentence of release should read: The Best's Market Segment Report, “Casualty Sidecars Transfer the Risk, But Not Always the Tail,” is part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. (instead of The Best's Market Segment Report, “Steering Profitability Remains Crucial for Lloyd's in a Softening Market,” is part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo.)The updated release reads:BEST'S MARKET SEGMENT REPORT: CASUALTY SIDECARS TRANSFER THE RISK, BUT NOT ALWAYS THE TAILA new AM Best report delves into the growing capacity materializing in the combined property and casualty sidecars segment within the insurance-linked securities (ILS) market, placing a broad estimate for the niche segment at USD 17 billion to USD 19 billion.The Best's Market Segment Report, “Casualty Sidecars Transfer the Risk, But N...
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03.09.26 - 17:06
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AM Best Affirms Credit Ratings of Lloyd′s Syndicate 3000 (Business Wire)
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LONDON--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Lloyd's Syndicate 3000 (Syndicate 3000) (United Kingdom). The outlook of these Credit Ratings (ratings) is stable.The ratings of Syndicate 3000 reflect the balance sheet strength of the Lloyd's market, which AM Best assesses as very strong, as well as the market's strong operating performance, very favourable business profile and appropriate enterprise risk management. The Lloyd's market rating is the floor for all policies written at Lloyd's, reflecting the Lloyd's chain of security and, in particular, the role of the Central Fund, which partially mutualises capital at the market level.Markel Group Inc. (Markel) is the ultimate parent company of Lloyd's Syndicate 3000's managing agent, Markel Syndicate Management Limited, and of its corporate member, Markel Capital Limited. Syndicate 3000 is important to Markel a...
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03.09.26 - 14:03
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Best′s Market Segment Report: Casualty Sidecars Transfer the Risk, But Not Always the Tail (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--A new AM Best report delves into the growing capacity materializing in the combined property and casualty sidecars segment within the insurance-linked securities (ILS) market, placing a broad estimate for the niche segment at USD 17 billion to USD 19 billion.The Best's Market Segment Report, “Steering Profitability Remains Crucial for Lloyd's in a Softening Market,” is part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best's ranking of top global reinsurance groups and in-depth looks at the Lloyd's, insurance-linked securities, life/annuity and regional reinsurance markets are available.According to this report, casualty lines remain under heightened scrutiny across the reinsurance segment after several years of adverse loss development and persistent concerns about social inflation, litigation trends, and a changing legal environment. Certain capital market partic...
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02.09.26 - 09:03
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Best′s Market Segment Report: Steering Profitability Remains Crucial for Lloyd′s in a Softening Market (Business Wire)
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LONDON--(BUSINESS WIRE)--#insurance--Despite softening pressures, the pricing environment for the reinsurance segment of Lloyd's is expected to remain adequate and support positive underwriting performance in the near term, according to a new AM Best report.The Best's Market Segment Report, “Steering Profitability Remains Crucial for Lloyd's in a Softening Market”, is part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best's ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, life/annuity and regional reinsurance markets are available.According to the report, performance oversight by the Lloyd's Corporation is expected to remain an area of importance as the market navigates the downturn in the underwriting cycle.Kanika Thukral, associate director, analytics and one of the report authors, said, "Over the longer term, the reinsurance segment's performance has e...
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31.08.26 - 14:03
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Best′s Market Segment Report: US and Bermuda Reinsurers Maintain Strong Performance Despite Softening Market (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--A composite of AM Best-rated U.S. and Bermuda reinsurers generated a fifth-straight year of underwriting profitability, even as premium growth fell sharply, according to a new AM Best report.
The Best's Market Segment Report, “US & Bermuda Reinsurers Maintain Strong Performance Despite Softening Market,” is part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best's ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd's, life/annuity, health and regional reinsurance markets, will be available during August and September.
AM Best's composite of U.S. and Bermuda reinsurers consists of seven reinsurance groups domiciled in either the United States or Bermuda, for which the reinsurance business accounts for the majority of their underwriting portfolios. The seven companies are Arch Capital Group Ltd.; Everest Group, Ltd.; G...
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27.08.26 - 12:24
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If MPs want to take on Nigel Farage over his dodgy finances, they need to clean up their own act | Frances Ryan (The Guardian)
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It's hard to beat back charges that MPs are 'all the same' when they have accepted £400k in freebies this year – £100k up on last yearHow has your summer been? Done anything nice? As MPs prepare to head back to parliament next week, you'll be relieved to hear that some of the most prominent figures in British politics have been enjoying the season's cultural highlights – and without paying a penny. MPs throughout the Commons have received £400,000 of “freebies” to concerts, sports matches and other events so far this year, according to the most recent disclosures.Over the summer alone, Wes Streeting, now the defence secretary, enjoyed the Chelsea flower show thanks to Lloyds Banking Group covering the £1,839 cost, as did the shadow chancellor, Mel Stride. Lucy Powell, who has since become deputy leader of the Labour party and education secretary, accepted £858-worth of tickets to a Harry Styles concert at Wembley from the PRS for Music industry group. Meanwhile, the Conservative leader, ...
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27.08.26 - 09:03
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Best′s Market Segment Report: Record-breaking Catastrophe Bond Issuance in First Half of 2026; ILS Capacity Experiences Rate Softening at Renewals (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--Capacity for the insurance-linked securities (ILS) market continues to reach new highs, fueled along by record-breaking catastrophe bond issuances, according to a new AM Best report.The Best's Market Segment Report, “Record-breaking Catastrophe Bond Issuance in First Half of 2026; ILS Capacity Experiences Rate Softening at Renewals,” is part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best's ranking of top global reinsurance groups and in-depth looks at the Lloyd's, life/annuity, health and regional reinsurance markets, will be available during August and September.According to this report, catastrophe bonds followed the course of many traditional reinsurance deals and were routinely oversubscribed in the first half of 2026. This followed three consecutive years of stellar ILS and reinsurance market returns, which has left capacity providers flush with capital, per...
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26.08.26 - 09:03
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Best′s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--A new AM Best report notes an increased level of reinsurance leverage by U.S. life/annuity (L/A) companies ceding out business, which is being fueled by strong annuity product growth, higher interest rates, and further offshore transactions as a result of differing capital regimes.The Best's Market Segment Report, “Global Life/Annuity Reinsurers Remained Poised for Steady Growth,” is part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best's rankings of the World's Largest Reinsurers and in-depth looks at the insurance-linked securities, Lloyd's, health and regional reinsurance markets, will be available during August and September.Bermuda and, to a lesser extent, the Cayman Islands, have gained popularity among ceding companies amid increased demand for retirement solutions, as well as the need for reinsurance to serve as a capital and risk management tool. These fa...
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24.08.26 - 03:06
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Best′s Market Segment Report: Asia-Pacific Reinsurers Show Resilience Amid Evolving Market Landscapes (Business Wire)
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HONG KONG--(BUSINESS WIRE)--#insurance--As Asia's insurance markets become more competitive with softer market conditions, AM Best's composite of Asia-Pacific reinsurance companies reversed a revenue decline from the previous year, posting a 4.0% increase in net insurance service revenue in 2025, driven primarily by overseas business.The Best's Market Segment Report, “Asia in Focus: Resilience Through Transformation,” is part of AM Best's overall look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reinsurance-related reports, including AM Best's ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd's, life/annuity, health and regional reinsurance markets, will be available during August and September.According to this report, as some Asian insurance markets have experienced significant structural transformation, across the entire region, the markets generally have become more competitive with softer m...
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20.08.26 - 19:36
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AM Best Affirms Credit Ratings of Lloyd′s Syndicate 2001 (Business Wire)
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LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Lloyd's Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited (MS Amlin). The outlook of these Credit Ratings (ratings) is stable.
The Lloyd's market rating is the floor for all syndicate ratings, reflecting Lloyd's chain of security and, in particular, the role of the Central Fund, which partially mutualises capital at the market level. The ratings of Syndicate 2001 reflect the balance sheet strength of the Lloyd's market, which AM Best assesses as very strong, as well as the market's strong operating performance, very favourable business profile and appropriate enterprise risk management.
Syndicate 2001 achieved an 85.4% combined ratio in 2025, down from 88.9% in 2024. These results contributed to reducing its five-year (2021-2025) weighted average combined ratio to 88.5%, which compares with the ...
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20.08.26 - 08:06
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Best′s Market Segment Report: European ′Big Four′ Reinsurers Maintain Their Profit Targets Despite Volatile Environment (Business Wire)
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AMSTERDAM--(BUSINESS WIRE)--#insurance--The European “Big Four” reinsurers still have an appetite for property catastrophe reinsurance despite the rate softening, according to a new AM Best report.The Best's Market Segment Report, “The European 'Big Four' Reinsurers Maintain Their Profit Targets Despite a Volatile Environment”, is part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best's ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd's, life/annuity, health and regional reinsurance markets, will be available during August and September.According to the report, the European “Big Four” reinsurers' continued appetite for property catastrophe reinsurance follows a period of right-sizing of portfolios, increases in attachment points and a move away from aggregate covers and working layers.Morgane Hillebrandt, associate director, analytics and one of ...
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19.08.26 - 16:48
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Best′s Special Report: Unaffiliated Offshore Reinsurance Deals Drive Asset-Intensive Reinsurance Market in 2025 (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--The amount of annuity reserves ceded offshore continued to increase in 2025 and now represent more than half of ceded annuity reserves as companies manage risk-based capitalization levels amid increased market competitiveness, according to a new AM Best report.The Best's Special Report, “Unaffiliated Offshore Reinsurance Deals Drive Asset-Intensive Reinsurance Market in 2025,” is a part of AM Best's look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best's ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd's, life/annuity, health and regional reinsurance markets, will be available during August and September.The asset-intensive reinsurance market remains competitive as annuity growth slows at primary insurers, leading to steadily increasing reinsurance leverage for the life/annuity segment. In this report, AM Best states that offshore...
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19.08.26 - 01:48
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′Even its loos are on the outside′: hi-tech, inside-out marvel the Lloyd′s building is partying with the public (The Guardian)
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It has been likened to a monster, an oil rig – and the Parthenon. Now, for its 40th birthday, the astonishing London landmark has joined the Open House festival, to grant admirers a rare look around the insideIn his 2012 book A New Kind of Bleak, the critic Owen Hatherley called it “monstrous, compelling” and utterly messed-up. Back in the 1980s, a then Prince Charles suggested it had been inspired by a North Sea oil rig. But none of this stopped it from becoming, in 2011, the youngest ever building to be given Grade I-listed status in the UK.And now, as part of its 40th anniversary celebrations, the Lloyd's building will open to the public for the first time since 2014 for one day only during London's Open House festival. The iconic building in the heart of the financial district was designed by architect Richard Rogers to house the global insurance marketplace. Its futuristic facade has been a celebrated part of the City of London skyline since it opened in 1986, but the interior is rarely seen ...
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