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

Earnings hit looms for re/insurers amid escalating wildfire losses: Fitch

Losses could pressure weaker capitalised companies and increase reinsurance costs.   14 January 2025

Reinsurance

Lockton Re eyes international P&C growth with senior Aon/Ascot hires

Senior brokers bring experience in casualty, treaty and financial lines market.   14 January 2025

Reinsurance

Reinsurers on the hook for just 3% of LA wildfire insurance losses

CoreLogic lifts insured loss estimate to $45bn but reinsurers get off lightly.   17 January 2025

Insurance

White Mountains renews Outrigger Re sidecar

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

Reinsurance

AXIS Capital forms new specialty insurer

Start-up special purpose insurer Perren Re was also licensed by the BMA.   17 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

Ares raises $2.3bn for life re/insurer Aspida

Aspida said it has also raised $700m in credit facilities.   13 January 2025

Insurance

Los Angeles wildfire losses to hit primary market hardest

European conglomerates AXA XL and Zurich may have commercial lines exposure.   13 January 2025

Insurance

Insured losses from nat cats in 2024 ~50% higher than 10-year average: Munich Re

Non-peak perils are increasingly fuelling the trend of rising losses, the reinsurer warns.   9 January 2025

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