News

Insurance

White Bear Group expands MGA with bloodstock unit from Ryan Specialty

Bloodstock unit will operate under a Lloyd’s-backed binding authority agreement.   14 January 2025

Insurance

Arch lifts risk underwriter, IUA chair to lead credit underwriting

The appointee will oversee credit underwriting across the portfolio.   8 January 2025

Reinsurance

McGill, Lloyd’s insurtech roll out $50m Ukraine war risk facility

Reinsurance capacity will be provided from London market and Lloyd’s syndicates.   9 January 2025

Reinsurance

Florida carriers trim reinsurance costs by 1.7% in 2024

Prices soften for first time in four years; primary carriers take heart.   16 January 2025

Risk Management

Beyond modelling: a new era in risk management

Laurent de la Porte, CEO of Allphins, explains how exposure management tools, combined with probabilistic modelling, are transforming decision-making processes.   9 January 2025

Insurance

UK property insurance payouts hit highest level in almost two decades

Insured losses on property total £5.5bn in 2024, with weather accounting for 22% of payouts.   16 January 2025

Technology

Moody’s to buy AI-driven property analytics firm CAPE

Plans to boost existing property analytics offer with AI intelligence.   14 January 2025

Insurance

Tokio Marine lifts veteran to CEO in leadership shift; chairman resigns

The two veterans will take on their new roles after a June 2025 shareholders meeting.   15 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

Insurance

California issues moratorium after Los Angeles wildfire emergency

Insurers barred from cancelling or non-renewing residential insurance for wildfire risk.   13 January 2025

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