Articles

Insurance

Surplus lines slowed to 12% growth in 2024; California issues in focus

California premiums rose 19%: 15% in property, 61% in homeowner, 2.6x in auto liability.   12 February 2025

Alternative Risk Transfer

California wildfires finally dent cat bond funds end-January

Pure-play cat bond funds slipped 0.2% in the last week of January, weeks after fire outbreak.   12 February 2025

Insurance

AIG predicts $500m net loss from California wildfires

Underwriting income drops by 29% in Q4 2024 eaten into by cat payouts.   12 February 2025

Insurance

Lockton elevates duo in national surety practice shake up

Names a new leader and chairman for the national surety practice.   12 February 2025

Insurance

California approves $1bn assessment to keep FAIR Plan afloat

CA FAIR Plan has already accessed $350m worth of reinsurance.   12 February 2025

Insurance

Mercury General braces for up to $2bn LA wildfire losses

$600m of reinsurance triggered, having paid out $800m to insured.   12 February 2025

Insurance

Arch likes casualty, ever more as layers thin, towers head to E&S

Arch will lead via primary for greater selection but good reinsurance deals at hand.   12 February 2025

Insurance

Insurers must make tech work for them, experts say

With technology rapidly transforming the industry, it’s easy for carriers to get caught up in the excitement. But the best tech investments won’t lose sight of the business or its people.   12 February 2025

Reinsurance

Stability amid change: why reinsurance is crucial in LatAm

As Latin America navigates a rapidly changing risk landscape, the role of reinsurers is more important than ever.   11 February 2025

Insurance

Travelers faces $1.7bn loss from California wildfires

Estimated assessments from California FAIR Plan and reinsurance recoveries included.   11 February 2025

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