Articles

Insurance

$1bn non-US cat events rack up $18.2bn losses for insurers in 2024: CRESTA

Unusually, 78% of the total industry loss figure was due to flood events.   2 January 2025

Reinsurance

1/1 renewals see US stability, UK rate softening, better targets in EMEA & Asia

April renewals in Japan to test reinsurers’ ability to balance growth with attractive ratings.   3 January 2025

Reinsurance

Property cat and specialty rates fell at 1/1, US casualty splits reinsurers: Gallagher Re

US casualty saw constrained capacity despite market improvement.   2 January 2025

Reinsurance

Easing retrocession market conditions bolsters reinsurance capacity at 1/1: Aon

Reinsurers show greater flexibility at 1/1 with stable pricing and eased terms.   2 January 2025

Insurance

Ardonagh valued at $14bn as PE firm Stone Point invests

The investment from the US private equity firm values the company at $14 billion.   18 December 2024

Insurance

Volante builds out board with former Helios, Ascot CEO

The new executive chair was previously also the CEO and founder of Ascot Underwriting.   23 December 2024

Insurance

Hive snags former Allianz exec to drive underwriting growth

The executive spent over 15 years at Allianz in various global leadership roles.   19 December 2024

Insurance

Everest eyes North American retail growth with former Chubb exec

The new US leader also boasts experience from Marsh and AIG.   18 December 2024

Insurance

US state insurance commissioners urge Musk to scrap Federal Insurance Office

The coalition says the FIO has ‘consistently failed to demonstrate its necessity’.   23 December 2024

Technology

Insurtech bolttech eyes $2.1bn valuation with Series C round

The funding round will be led alongside investors Baillie Gifford, Generali and others.   23 December 2024

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