News

Reinsurance

Kettle faces its biggest test in LA wildfires

Parametric re/insurer says re/insurance cost could be higher than $17.5bn   14 January 2025

Insurance

Lloyd’s names AIG veteran as independent council member

New council member will also chair the risk committee.   13 January 2025

Reinsurance

AXIS Capital forms new specialty insurer

Start-up special purpose insurer Perren Re was also licensed by the BMA.   17 January 2025

Insurance

Analysis: Bermuda voters driven by bread-and-butter issues as new tax takes effect

Corporate Income Tax – largely paid by the re/insurance industry – is unlikely to be central in next month’s election.   21 January 2025

Insurance

California issues moratorium after Los Angeles wildfire emergency

Insurers barred from cancelling or non-renewing residential insurance for wildfire risk.   13 January 2025

Insurance

US P&C growth to slow in 2025; profits remain stable despite uncertainties: Swiss Re

Industry combined ratio to hold at 98.5% in 2025 before edging up to 99% in 2026.   15 January 2025

Reinsurance

California rounds out reforms, adds reinsurance costs to rates

The cat modelling and reinsurance inclusions incentivize growth in wildfire zones.   6 January 2025

Insurance

Carbon Underwriting looks to grow financial ops with ex-Swiss Re chief

Appointee is an actuary with over 30 years of financial leadership experience.   15 January 2025

Insurance

Polo launches new reinsurer to target ‘superior returns’ from Lloyd’s

Clockwork Re is a newly established Category 4 commercial general reinsurer in Guernsey.   14 January 2025

Insurance

DARAG snaps up run-off portfolio from former insurtech unicorn

The insurtech is selling its Liechtenstein-domiciled carrier as part of its restructuring.   14 January 2025

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