Articles

Reinsurance

California rounds out reforms, adds reinsurance costs to rates

The cat modelling and reinsurance inclusions incentivize growth in wildfire zones.   6 January 2025

Insurance

US commercial insurance rates slow in 2024; property eases, liability increases

MarketScout warns intermediaries to prepare for an eventual market shift.   7 January 2025

Insurance

Alera lifts ex-Aon/McGriff executive to COO

He was COO of McGriff before joining Alera in 2024 as EVP of national operations.   7 January 2025

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

BF&M, Argus merger creates Bermuda’s largest domestic insurer

The merger of BF&M and Argus Group has been completed.   7 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

Reinsurance

Fidelis issues $375m of cat bonds through Herbie Re

The cat bonds will cover US named storm and earthquake losses.   2 January 2025

Reinsurance

Notable softening at 1/1 sets stage for policy shifts, emerging cycles in 2025: Howden

While pricing drops from historic highs, hard market changes are expected to persist in 2025.   3 January 2025

Insurance

New MGA Volt swoops for London market energy leader from Travelers

Prior to more than a decade at Travelers, he spent more than 20 years at Aon.   3 January 2025

Reinsurance

Excess capacity drives loss-free property cat rate cuts at 1/1 renewals: Guy Carpenter

Property cat renewals were ‘oversubscribed’, reinsurer appetite outpaced demand.   2 January 2025

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