Casualty

Ledger Secures $100M Casualty Sidecar, Expands in ILS Market
Insurance Ledger Secures $100M Casualty Sidecar, Expands in ILS Market

Ledger Investing has successfully secured and launched a $100 million casualty sidecar for a global reinsurer, marking a significant milestone for the company. This funding will support Ledger’s casualty reinsurance business across three underwriting years on a quota-share basis. The development u

September 27, 2024
Sompo Launches Comprehensive Marine Insurance for UK Regional Markets
Insurance Sompo Launches Comprehensive Marine Insurance for UK Regional Markets

Sompo is making a strategic leap with the introduction of a new national marine insurance proposition tailored for the United Kingdom. This initiative marks Sompo's significant expansion beyond its conventional London market operations, serving Marine Cargo and Transport & Logistics

September 27, 2024
Ledger Investing Introduces $100M Casualty Sidecar Facility for Reinsurers
Insurance Ledger Investing Introduces $100M Casualty Sidecar Facility for Reinsurers

Ledger Investing has launched a groundbreaking initiative aimed at revolutionizing the insurance and reinsurance markets. Leveraging Insurance Linked Securities (ILS), the company seeks to bridge the gap between insurance risks and capital, offering innovative solutions for capital management. The

September 27, 2024
How Is Canopius US Strategically Expanding in the Liability Market?
Insurance How Is Canopius US Strategically Expanding in the Liability Market?

Canopius US Insurance Inc. has announced its strategic expansion into the U.S. excess liability market, marking a significant milestone for the company. Lisa Davis, CEO of U.S. and Bermuda operations, made this announcement at the Wholesale & Specialty Insurance Association's annual

September 27, 2024
PICC Property and Casualty Struggles with Expenses Amid Revenue Rise
Insurance PICC Property and Casualty Struggles with Expenses Amid Revenue Rise

The first half of 2024 brought mixed financial results for PICC Property and Casualty (HKG:2328), a major player in the Hong Kong insurance market. While the company reported a 4.5% year-over-year increase in revenue, reaching CN¥242.4 billion, it experienced a significant decline in net income.

September 19, 2024
Can the U.S. Insurance Industry Sustain 2024's Early Gains and Stability?
Insurance Can the U.S. Insurance Industry Sustain 2024's Early Gains and Stability?

As the first half of 2024 came to a close, the U.S. insurance industry experienced significant signs of surplus recovery, driven primarily by notable gains in capital and improvements in underwriting. Despite looming threats such as natural disasters, cyber risks, and inflation, the industry

September 19, 2024
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