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Weekly News RoundUP – 13th September

The (re)insurance world descended on Monte Carlo this week for the annual gathering. Conversations focussed on the state of the casualty market, the latest M&A activity and the importance of sustaining price levels. Read on for the full scoop…

The Monte Carlo postcard (Source: The Insurer)
Want to know what dominated the news at the 2024 Rendevous? Find out in this summary from The Insurer.

WTW-Bain reinsurance start-up: Short-term pain for long-term gain (Source: Insurance Insider)
After the sale of its reinsurance arm nearly 3 years ago, WTW has teamed up with Bain Capital to get back in the game.

What’s behind Fitch’s revision of the global reinsurance sector? (Source: Insurance Business Magazine)
The ratings agency “expects the sector’s trends and key credit drivers to remain broadly stable over the next 12 months…. And expects both balance sheet and profitability to remain resilient in 2025.”

Reinsurers to commit to AI tools to improve efficiency, risk selection (Source: Business Insurance)
Senior executives at companies including Munich Re, Swiss Re and Everest Re have shared how tech, including AI, is crucial to their business.

Joining Lloyd’s and the evolution of MGAs (Source: The Insurer)
In this interview, Andreas Loucaides, CEO at IGI UK discusses where he sees the MGA market going and how the business will be leveraging it to access talent and distribution.

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