News

Reinsurance

Florida’s Citizens seeks $2.9bn at mid-year renewals in bulkier tower

PML target fell 25% year on year but Citizens may add treaty, reduce threat of surcharges.   11 March 2025

Reinsurance

Hannover Re CEO hails ‘very pleasing’ profit, P&C combined ratio smashes target

The reinsurer significantly improved profitability in P&C reinsurance.   13 March 2025

Insurance

Insurer carrier M&A slumped to 16-year low in ’24 – can 2025 spark rebound?

Insurers hunkered down in face of rising costs, global instability.   12 March 2025

Reinsurance

Dramatic spike in marine claims, P&I clubs head for losses

Claims in 2024 proved ‘almost in line with heavy years of 2020 and 2021’.   12 March 2025

Insurance

CRC Group names VP to lead new Kansas City office

Appointee returns to insurance broker he started career with.   13 March 2025

Reinsurance

Russian aircraft settlements see Greenlight Re shore up reserves

Claims should start flowing up risk ladder right now as deals have been cut.   11 March 2025

Insurance

Chubb sees big growth opportunity in North America lower mid market

Chubb bets on automation and data to stand out in a digital future.   13 March 2025

Insurance

Lloyd’s expects $2.3bn hit from California wildfires

Preliminary 2024 profits down, combined ratio rises 3%.   10 March 2025

Insurance

Dual UK targets net zero with climate risk & resilience team

Launches series of products to help meet decarbonisation, sustainability challenges.   12 March 2025

Insurance

Sompo will integrate global P&C in bid to unify underwriting culture

Sompo International’s Shea asked to bring global best practice to Japanese home market.   12 March 2025

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