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Surplus lines slowed to 12% growth in 2024; California issues in focus
Insurance
California premiums rose 19%: 15% in property, 61% in homeowner, 2.6x in auto liability.   12 February 2025
Secondary market cat bonds down by up to 20%: AM Best
Insurance
Exposure to California wildfire losses drive value of cat bonds down, says ratings agency.   6 February 2025
CA FAIR Plan pays out more than $700m to homeowners
Insurance
Nearing $900m attachment point, triggering reinsurance.   10 February 2025
Reinsurance
Last year's figure is still 72% improvement on previous year's $19.3 million crater.   6 February 2025
Insurance
The successor, a 21-year company veteran, also chairs the Association of British Insurers.   6 February 2025
Insurance
Consortium covers full range of perils, including sabotage, riots, insurrection and war.   5 February 2025
Reinsurance
Estimated total economic cost of natural disasters was $417bn, says broker.   21 January 2025
Reinsurance
Cyber and aviation took cuts at 1.1; marine treaty wobbles and merits vigilance.   4 February 2025
Reinsurance
KPMG said the market also faces challenges from economic uncertainty and data privacy.   3 February 2025
Reinsurance
But fires could put paid to property cat softening, maybe press on ILS and retro.   4 February 2025

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