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

Alternative Risk Transfer

Cat bond funds edge up in February but rally slows since LA wildfire

Four-week gain through end-February down to 0.3% versus regular 1% gains through Q4.   10 March 2025

Insurance

Aon snaffles Marsh veterans to spearhead construction, surety

‘Construction is a top priority for Aon,’ says NA head of commercial risk.   11 March 2025

Insurance

New Dawn Risk beefs up financial lines amid shrinking market share

The broker plans to broaden its offering at a time of ‘less choice’ in the London market.   7 March 2025

Insurance

Lloyd’s expects $2.3bn hit from California wildfires

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

Reinsurance

Sava Re re-elects supervisory chairman for third consecutive term

The chairman will retain his current title until 2029.   10 March 2025

Reinsurance

Pool Re to explore terrorism cover as standard for SMEs

State-backed reinsurer sees protection gap leaving wider UK economy exposed.   10 March 2025

Insurance

Australian insurers receive more than 9,000 cyclone Alfred claims

Thousands more claims are expected over coming days and weeks, says Insurance Council of Australia.   10 March 2025

Insurance

PIB buys MGA with ‘strong foothold’ in Australia and US

PIB CEO hails ‘milestone’ deal to expand its MGA business into international markets.   10 March 2025

Insurance

Storm Éowyn wreaks €619m insured losses: Perils

Republic of Ireland’s biggest windstorm loss for at least 45 years.   10 March 2025

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