Articles

Insurance

Progressive faces heavy cat losses from Hurricanes Helene and Milton

It incurred 9.0 loss ratio points related to Hurricane Helene.   16 October 2024

Reinsurance

Gallagher Re strengthens life & health leadership in Asia Pacific

It has made a double hire to bolster its L&H units in China & Hong Kong and India.   16 October 2024

Insurance

ASIC strikes strategic deal to expand excess and surplus reach

The partnership will include a multimillion-dollar capital provision.   16 October 2024

Insurance

Starwind Specialty continues specialty build out with new offering

The company has launched a political violence and terrorism unit.   16 October 2024

Insurance

QBE ships in new specialty offering with US inland marine launch

It has made a triple swoop on AIG for the offering slated to launch in 2025.   15 October 2024

Insurance

Specialist Risk sets sights on Asia Pacific with broker acquisition

CEO Downey says it has ‘great plans for building a business in Asia for Asia’.   15 October 2024

Insurance

Gallagher lures Lockton risk expert to boost MEA specialty expertise

The appointee will lead the construction team and oversee two key sectors in the region.   15 October 2024

Insurance

KCC pegs Hurricane Milton insured losses at $36bn

Unlike Helene, Milton’s wind damage will lead to a higher proportion of losses.   15 October 2024

Insurance

Texas’ TWIA hikes Hurricane Beryl cost estimate; has paid $259m to date

The Texas residual insurer now believes it will completely burn through CRTF reserves.   15 October 2024

Insurance

D&O softening deepens; insurers attack via lower retentions: CRC

A rise in corporate bankruptcies is triggering the lone case of insurer hesitance.   15 October 2024

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