News

Insurance

Everest adds ‘outstanding’ industry veteran to boardroom

Additional non-executive director brings vast experience to the troubled re/insurer.   7 March 2025

Reinsurance

TWIA may face 32% increase in reinsurance limit purchase in 2025

Increase comes on a low double-digit rise in model PMLs and a hope to cut retentions.   20 February 2025

Insurance

Lloyd’s expects $2.3bn hit from California wildfires

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

Reinsurance

California’s CEA slashed treaty again to $2.4bn, down 12% at 1.1

Next tranche of $1.1bn comes up on April 1, first salvo of $2.1bn in maturing treaty.   6 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

Reinsurance

Space weather insured losses manageable, despite total bill running into trillions

Re/insurers would be overwhelmed by $4.2tr economic cost though, Lloyd’s panel told.   5 March 2025

Insurance

Apollo adds former XL Catlin veteran to ASML board

The executive served as CEO of XL Catlin Reinsurance London.   3 March 2025

Insurance

Vantage edges closer to underwriting profit: AM Best

Bermuda-based re/insurer posted operating profits in 2023 and 2024.   3 March 2025

Insurance

Africa Specialty Risks gains Lloyd’s approval to operate in Morocco

Broker gets nod to offer Lloyd’s Market capacity to underserved North-West Africa.   13 March 2025

Reinsurance

SCOR suffers Q4 margin decline on cats, salvages full year profit

SCOR puts California wildfire losses at €140m Q1; Milton marred Q4 tally.   5 March 2025

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