News

Insurance

US winter storms render double-digit million losses: Aon

Power losses, snowfalls, impaired road/air travel and closed businesses drove losses.   24 January 2025

Insurance

Analysis: Xitus founder upbeat over expansion plans in captive space

The legacy re/insurer backs canny hires to keep the wheels turning.   21 January 2025

Reinsurance

Natural catastrophe losses of $150bn ‘new normal’: Gallagher Re

Estimated total economic cost of natural disasters was $417bn, says broker.   21 January 2025

Insurance

Trump tax move does not affect CIT, says Bermuda govt

The US has effectively pulled out of the global corporate minimum tax deal, just weeks after Bermuda introduced the Corporation Income Tax.   24 January 2025

Insurance

Descartes partners with UK insurtech to boost corporate flood risk cover

Descartes will offer up to $70m per policy, covering tangible and intangible losses.   17 January 2025

Technology

WTW launches Asia cyber insurance facility

Cyber facility targets insurers in Singapore and Hong Kong.   13 January 2025

Insurance

Price Forbes expands Asia specialty lineup with senior Aon hire

The executive will advise clients across power, downstream and renewables.   21 January 2025

Reinsurance

US federal emergency agency turns to reinsurers; transfers $758m in risk

FEMA ups number of reinsurers covering catastrophic floods from 18 to 27.   16 January 2025

Insurance

Markel swoops for casualty manager in Australia from Chubb

New hire joins company after 12 years at Chubb, brings experience from Marsh.   16 January 2025

Insurance

Westfield Specialty bolsters professional indemnity book

Appointments underline growth ambitions, says specialty insurer.   16 January 2025

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