-
The business is being marketed off around £15mn Ebitda, sources said. -
The carrier reported total cat losses of $48.9mn during Q1-Q3 2024, versus $20.2mn in 2023.
-
The acquisition will expand Allianz Direct further into the B2B2C segment.
-
Most of the losses derive from France.
-
The firm will provide an update on 22 November to avoid holiday season.
-
The figures imply first-layer reinsurance recoveries for Helene.
-
The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.
-
The LMA report focused on first-party property damage from a coverage perspective and on eight key sectors.
-
Axa XL Re has hired former Swiss Re executive Greg Schiffer as its North America CEO, effective from 11 November.
-
Elaine Casaprima will serve as CEO of the combined entity.
-
How is the market positioned to withstand Hurricane Milton?
-
The hurricane has destroyed hundreds of homes and left more than 2.7 million homes without power in Florida.
