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

Insurance

Fairfax Insurance Group unveils leadership change

Appointments include a new chairman and CEO of Odyssey Group.   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

Brown & Brown’s Nexus snaps up Dubai specialty MGA

The deal marks Nexus’ first MGA acquisition since it was acquired by Brown & Brown.   6 January 2025

Insurance

Allianz Australia sells subsidiary to simplify core operations

The subsidiary is being acquired by a private equity firm in Australia.   6 January 2025

Reinsurance

AXA XL lures Liberty Mutual veteran to boost underwriting in C-suite role

The appointee will lead the combined construction and energy underwriting and risk teams.   2 January 2025

Reinsurance

1/1 renewals: What major brokers are saying about 2025

Softening markets, excess capacity, and the big takeaways from this year’s 1/1 renewals.   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

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

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

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