News

Insurance

Lloyd’s London Bridge hits $1.9bn in capital in 2024

A total $2.55bn of capital has been committed from institutional investors.   20 January 2025

Reinsurance

Mercury yet to decide if LA wildfires are single event as claims jump

Treating Palisades and Eaton fires as separate events would have reinsurance implications.   21 January 2025

Insurance

Moody’s RMS pegs LA wildfires insured losses at up to $30bn

Moody’s RMS Event Response insured-loss estimate is lower than others   20 January 2025

Insurance

Los Angeles wildfires may have already cost up to $30bn in losses

Analysts believe current California wildfires are a 1-in-30 or 1-in-20-year event.   16 January 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

Enstar’s Lloyd’s syndicate strikes $196m LPT deal with Atrium

Atrium’s syndicate will cede net loss reserves to Enstar’s syndicate.   15 January 2025

Insurance

DARAG snaps up run-off portfolio from former insurtech unicorn

The insurtech is selling its Liechtenstein-domiciled carrier as part of its restructuring.   14 January 2025

Insurance

BMA licenses Mereo companies

The Brian Duperreault-backed start-up will have a re/insurance arm and an insurance-linked securities SPI.   17 January 2025

Insurance

White Mountains renews Outrigger Re sidecar

The re/insurer said capital fell from $250m to $230m.   13 January 2025

Insurance

McGill taps BMS talent to strengthen treaty reinsurance team

Appointee will work on post-placement activities, specifically in accounting and claims.   17 January 2025

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