Articles

Insurance

US winter storms render double-digit million losses: Aon

Power losses, snowfalls, impaired road/air travel and closed businesses drove losses.   24 January 2025

Insurance

Ryan Specialty to acquire cat MGA Velocity Risk for $525m, excluding E&S carrier

Commercial property insurer FM to acquire E&S carrier Velocity Specialty Insurance.   8 January 2025

Insurance

Trump tax move does not affect CIT, says Bermuda govt

The US has effectively pulled out of the global corporate minimum tax deal, just weeks after Bermuda introduced the Corporation Income Tax.   24 January 2025

Reinsurance

Palomar expands into surety insurance market

It sees the surety market as a ‘highly profitable’ sector with strong growth potential.   3 January 2025

Insurance

Marsh McLennan buys New York insurance agency

The acquired firm specialises in the construction, real estate and aviation industries.   3 January 2025

Reinsurance

Earnings hit looms for re/insurers amid escalating wildfire losses: Fitch

Losses could pressure weaker capitalised companies and increase reinsurance costs.   14 January 2025

Reinsurance

Ascot plucks Everest VP for key US partnership engagement role

Appointee will team up with the US group to boost specialty insurance solutions.   6 January 2025

Insurance

Ex-Chubb veteran takes top role at AXIS global markets

The executive to succeed Mark Gregory as head of global markets.   6 January 2025

Reinsurance

Kettle faces its biggest test in LA wildfires

Parametric re/insurer says re/insurance cost could be higher than $17.5bn   14 January 2025

Reinsurance

VIG Re bolsters C-suite with new COO and CFO

C-suite executives to drive reinsurer’s digital transformation and finance operations.   10 January 2025

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