News

Insurance

Florida’s Citizens may shed 137,000 policies in 2025 after 2024 record

Total exposure should fall 15.6% or $60.5 billion to $326.4 billion.   2 December 2024

Insurance

Allianz buys general insurance business of RAA, expands in Australia

The partnership, worth A$642m, includes a 20-year exclusive distribution deal.   2 December 2024

Insurance

AXA Commercial nabs Allianz vet to lead SME and specialty lines

The former SME & specialty director departed AXA for top role at Optio Group.   2 December 2024

Insurance

Rokstone doubles down at Lloyd’s with second box and big growth plans

The move expands its portfolio to include financial lines and casualty.   2 December 2024

Insurance

Australia’s IAG strikes $855m long-term exclusive alliance deal

The deal is expected to add ~$1.3bn to IAG’s gross written premiums.   2 December 2024

Insurance

SRG boosts entertainment and sport capabilities with new leader

The executive joined SRG last year from Tysers.   27 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

Insurance

WTW snags Swiss Re leader for corporate risk and broking unit

The executive will join its natural resources business, based in Miami.   25 November 2024

Insurance

Pen anchors marine expansion with Amphitrite yacht underwriter

The new hire will spearhead Pen’s growth in yacht insurance, building marine specialism.   28 November 2024

Insurance

Re/insurance market sufficiently balanced to render stable H1: Lloyd’s

With the hardening over, Lloyd’s chief of markets Tiernan ‘more cautious’ than 12M ago.   29 November 2024

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