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LA wildfires may cost European reinsurers 30% of cat budgets: Fitch
Reinsurance
LA wildfires may cost European reinsurers 30% of cat budgets: Fitch
Budget cost could near 40% if insured losses hit $45bn.   23 January 2025
Travelers renews property cat 1.1 with limit flat at $8bn
Reinsurance
Travelers renews property cat 1.1 with limit flat at $8bn
Property cat treaty shifted to higher layers; casualty treaty moved lower.   23 January 2025
Everest confirms permanent chief executive
Insurance
Everest confirms permanent chief executive
Incumbent has been acting CEO since early this month.   23 January 2025
Reinsurance
MGU Fidelis Partnership writes private placement on $3.1bn IGPIA treaty
Deal marks IGPIA’s first private placement written in Lloyd’s.   23 January 2025
Reinsurance
California FAIR Plan has $900m attachment point
But with only $377m in hand, question mark over triggering reinsurance cover.   22 January 2025
Reinsurance
Natural catastrophe losses of $150bn ‘new normal’: Gallagher Re
Estimated total economic cost of natural disasters was $417bn, says broker.   21 January 2025
Reinsurance
Mercury yet to decide if LA wildfires are single event as claims jump
Treating Palisades and Eaton fires as separate events would have reinsurance implications.   21 January 2025
Insurance
Generali and BPCE to establish Europe’s largest €1.9tr asset manager
The venture, largest in insurance asset management by AUM, would be valued at about €9.5bn.   21 January 2025
Reinsurance
Gallagher Re bolsters Europe risk practice with Munich Re veteran
Appointee joins the broker after a 23-year stint at Munich Re.   21 January 2025
Reinsurance
AXA taps London risk specialist for C-suite
Appointee boasts 23 years of risk management experience.   21 January 2025

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