News

Insurance

California wildfires will dent Lloyd’s property underwriting, Lloyd’s warns

Over 85% of Lloyd’s wildfire losses have been in property class, says market chief.   14 March 2025

Reinsurance

Florida’s Citizens seeks $2.9bn at mid-year renewals in bulkier tower

PML target fell 25% year on year but Citizens may add treaty, reduce threat of surcharges.   11 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

Swiss Re P&C profit slumps 20% as casualty reserving strain takes toll

Liability reserve strengthening means P&C overshot 87% COR target.   27 February 2025

Reinsurance

Swiss Re grows at 1.1 as it piles into non-cat property at expense of casualty

Non-cat property added 4 pts to book weighting on 28% growth to balance US casualty cuts.   27 February 2025

Alternative Risk Transfer

Cat bond funds edge up in February but rally slows since LA wildfire

Four-week gain through end-February down to 0.3% versus regular 1% gains through Q4.   10 March 2025

Reinsurance

Pool Re to explore terrorism cover as standard for SMEs

State-backed reinsurer sees protection gap leaving wider UK economy exposed.   10 March 2025

Reinsurance

Lockton Re draws Gallagher Re leader to build specialty ‘bench strength’

Senior hire brings experience from Aspen Re, Allianz Re, Chord Re and Wills Re.   10 March 2025

Reinsurance

Leadership shuffle at Swiss Re as new market units takes shape

The reinsurer has appointed a new group CUO and CUO of the commercial insurance arm.   27 February 2025

Insurance

Storm Éowyn wreaks €619m insured losses: Perils

Republic of Ireland’s biggest windstorm loss for at least 45 years.   10 March 2025

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