Articles

Insurance

Surplus lines slowed to 12% growth in 2024; California issues in focus

California premiums rose 19%: 15% in property, 61% in homeowner, 2.6x in auto liability.   12 February 2025

Alternative Risk Transfer

California wildfires finally dent cat bond funds end-January

Pure-play cat bond funds slipped 0.2% in the last week of January, weeks after fire outbreak.   12 February 2025

Insurance

AIG predicts $500m net loss from California wildfires

Underwriting income drops by 29% in Q4 2024 eaten into by cat payouts.   12 February 2025

Insurance

Lockton elevates duo in national surety practice shake up

Names a new leader and chairman for the national surety practice.   12 February 2025

Insurance

McGill ups digital auto-follow capacity for renewable energy risks

Facility is backed by participating syndicates from Beazley, AXIS and Munich Re Specialty.   12 February 2025

Insurance

Descartes scoops talent with Lloyd’s/Gallagher pedigree for EMEA focus

Appointee to lead EMEA business development, client services, focusing on Europe.   12 February 2025

Insurance

London Market Group adds new Chubb IUA board representative

New representative was recently appointed division president of Chubb Global Markets.   12 February 2025

Insurance

California approves $1bn assessment to keep FAIR Plan afloat

CA FAIR Plan has already accessed $350m worth of reinsurance.   12 February 2025

Insurance

Mercury General braces for up to $2bn LA wildfire losses

$600m of reinsurance triggered, having paid out $800m to insured.   12 February 2025

Reinsurance

Miami Reinsurance Week Today 2025 Day 1 and 2 are now live

Check out exclusive interviews, news, and analysis from the Miami Reinsurance Week Conference.   12 February 2025

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