News

Insurance

CA FAIR Plan pays out more than $700m to homeowners

Nearing $900m attachment point, triggering reinsurance.   10 February 2025

Reinsurance

LAUNCHING TODAY: a newsletter for Miami Reinsurance Week

Miami Reinsurance Week has developed into a key event for risk-transfer professionals doing business in Latin America. It now has its own newsletter, thanks to Intelligent Insurer.   10 February 2025

Insurance

LA wildfires could inflict up to $35bn in losses; new blazes ignite

California's state fire agency has reported two new fires; Hughes and Sepulveda.   23 January 2025

Insurance

Mercury General faces $1.7bn LA wildfire losses

State Farm pays out half a billion dollars in claims.   28 January 2025

Reinsurance

California rounds out reforms, adds reinsurance costs to rates

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

Reinsurance

Property cat and specialty rates fell at 1/1, US casualty splits reinsurers: Gallagher Re

US casualty saw constrained capacity despite market improvement.   2 January 2025

Insurance

McGill unveils unique digital follow form broker facility at Lloyd’s

It is led by a Beazley syndicate, with backing from Canopius, Munich Re Specialty, and more.   5 December 2024

Insurance

WTW targets mid to high single digit organic growth in 3Y plan

Progress of MGA Verita could speak to further WTW delegated authority investments.   4 December 2024

Reinsurance

CEA to renew Moody’s & Corelogic cat model deals at 3-5% price hike

The CEA is plotting a 1.5% increase in cat modelling spend for 2025 to $1.3m.   28 November 2024

Reinsurance

CEA cuts 2025 reinsurance budget 17% as exposures shrink, rates ease

Treaty non-renewals in 2024 have done little to stem the rise of claims paying power.   28 November 2024

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