Australasia

Sources said Insurance Advisory Partners is advising the fac MGA on the strategic process.

Both carriers have extensive reinsurance coverage.

The cyber insurance market is poised for growth in 2025, but staying competitive requires innovation and adaptability to new risks. Andy Maher, head of cyber & technology, London, for AXIS, shares insights on industry trends and challenges ahead.

Almost 300,000 people have been left without power from the storm.

Retention levels for reinsurance fell across the different geographies the carrier operates in.

The Australian carrier disclosed A$426mn in net cat losses during H1.

The carrier enters H2 with a clean reinsurance programme.

This follows a ruling to declass the representative proceeding filed against IAL.

The carrier said reinsurance was a key component of its “low-volatility strategy”.

David Hughes has a line size of A$10mn with a global mandate.

The cyclone pool received $479mn in GWP in the year to 30 June 2024.