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$1bn non-US cat events rack up $18.2bn losses for insurers in 2024: CRESTA
Insurance
$1bn non-US cat events rack up $18.2bn losses for insurers in 2024: CRESTA
Unusually, 78% of the total industry loss figure was due to flood events.   2 January 2025
AXA XL strengthens Americas cyber unit with Zurich hire
Insurance
AXA XL strengthens Americas cyber unit with Zurich hire
The appointee will lead the large account cyber portfolio and oversee performance metrics.   7 January 2025
Cat bond issuance hits record $17.7bn
Reinsurance
Cat bond issuance hits record $17.7bn
The overall market is almost $50bn as investment returns remain strong.   7 January 2025
Insurance
Markel grows Asia Pacific leadership to boost broker relationships
New role aims to enhance its links and engagement with broker partners across the region.   7 January 2025
Insurance
Direct Line unveils trio of new exco members
It has appointed a new group general counsel and chief people officer.   10 January 2025
Insurance
LA wildfires threaten insurers’ budgets as losses mount to historic highs
Insured losses could hit up to $20bn, early estimates reveal.   10 January 2025
Reinsurance
Brown & Brown’s Nexus snaps up Dubai specialty MGA
The deal marks Nexus’ first MGA acquisition since it was acquired by Brown & Brown.   6 January 2025
Reinsurance
Fidelis issues $375m of cat bonds through Herbie Re
The cat bonds will cover US named storm and earthquake losses.   2 January 2025
Insurance
LMA lauds Neal’s leadership in tackling longstanding Lloyd’s issues
John Neal has decided to exit Lloyd’s following six years as CEO.   9 January 2025
Insurance
Los Angeles wildfires could cost insurers up to $10bn: JPMorgan
Arch Capital and RenaissanceRe are most exposed reinsurers, says US bank.   9 January 2025

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