News

Insurance

Allstate suffers $1.5bn gross hit from May surge in storm activity

Q2 2024 2M price tag is now ahead of the already notable prior year pace.   20 June 2024

Insurance

Foreign ventures save Japanese insurers from home market woes: Fitch

‘Steady growth’ and underwriting profitability in North America and UK are bulwarks.   20 June 2024

Insurance

Aon elevates long-serving talent to lead its Global Broking Centre

The appointee boasts 30+ years of experience across the UK, Singapore and South Africa.   20 June 2024

Reinsurance

CEA earthquake program names reinsurance cost ca. 6.9% rate-on-line

The board will be asked to preserve a member assessment layer via pending bond issuance.   20 June 2024

Insurance

Aviva and MGA Prestige take on insurtech Pikl for vacation cover

The deal could be a major boost to the Insurtech MGA’s reach and capacity.   20 June 2024

Insurance

Tokio Marine's HCC nabs more AXA XL talent for new product recall team

The London Market crisis management head is the latest in a string of steals from AXA XL.   20 June 2024

Insurance

Alberto kicks off 2024 storm season with delayed run to Mexican coast

Alberto has more breadth than strength: tropical-storm-force winds run 460 miles from centre.   20 June 2024

Insurance

Arch bolsters European underwriting team with veteran hire from Zurich

With 16+ years of experience, he is anticipated to drive expansion across the EU.   20 June 2024

Insurance

Florida residual insurer Citizens starts press for 14% rate hike in ‘25

Hemmed in by caps on rate hikes, Citizens’ rates remain ‘well below’ private rivals.   19 June 2024

Insurance

QBE shutters North America mid-market, sees no impact on core appetites

Non-renewals will trim the $500m GWP book in 2024, make ‘substantial’ cuts in 2025.   19 June 2024

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