News

Insurance

Los Angeles wildfires may have already cost up to $30bn in losses

Analysts believe current California wildfires are a 1-in-30 or 1-in-20-year event.   16 January 2025

Insurance

UK property insurance payouts hit highest level in almost two decades

Insured losses on property total £5.5bn in 2024, with weather accounting for 22% of payouts.   16 January 2025

Insurance

US commercial property rates will slip Q1 in selective growth drive

Brown & Brown expects ‘moderate to noticeable competition’ for the market’s best risks.   14 January 2025

Insurance

Starr Insurance snags Zurich veteran for key C-suite role

Current chief retiring after 40 plus years at company, 19 years in role.   15 January 2025

Insurance

Space coverage stabilises after losses; rate softening possible

Market now ‘fully tested’ with ‘most – but not all’ players back in trade: Gallagher.   14 January 2025

Insurance

Tokio Marine lifts veteran to CEO in leadership shift; chairman resigns

The two veterans will take on their new roles after a June 2025 shareholders meeting.   15 January 2025

Insurance

Charles Taylor taps director to oversee Brazil operations

Appointment follows the company’s recent opening of a new office in Rio de Janeiro.   15 January 2025

Insurance

Enstar’s Lloyd’s syndicate strikes $196m LPT deal with Atrium

Atrium’s syndicate will cede net loss reserves to Enstar’s syndicate.   15 January 2025

Insurance

Los Angeles wildfire losses to hit primary market hardest

European conglomerates AXA XL and Zurich may have commercial lines exposure.   13 January 2025

Insurance

Lloyd’s Market Association to focus on North America in 2025

US and Canada already make up 58% of Lloyd’s market premium.   15 January 2025

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