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Digests
Daily Digest: Top news from 26 February
A roundup of all the news you need, including potential A&H losses.
Insurance Insider
,
26 February 2025
Catastrophe losses
State Farm pegs LA wildfire direct losses at $7.6bn
The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
Abbie Day
,
26 February 2025
Reinsurance
EUR1.2bn LA wildfire loss won’t impact 2025 EUR6bn target: Munich Re
The carrier expects the market loss to land at $35bn-$40bn.
Rebecca Perkins
,
26 February 2025
Specialty lines
TL MGAs see ‘uneventful’ renewals but uncertainty looms large
The transactional liability class faces a string of potential losses, especially in the contingent segment.
Ayesha Venkataraman
,
26 February 2025
Re/insurers
Munich Re P&C Q4 operating profits surge as CoR improves to 83.5%
The carrier pegged its claims expenditure for the LA wildfires at EUR1.2bn.
Rebecca Perkins
,
26 February 2025
Bermuda
Fidelis Q4 CoR deteriorates 47 points to 128%
The group's reinsurance book was also hit with cat losses during the quarter.
Kyoung-son Song
,
25 February 2025
Bermuda
IGI Q4 CoR drops 4 points 77.8% on favourable development, lower cats
The carrier reported $2.8mn of favourable development compared to a $3.3mn charge a year ago.
Jairo Ibarra
,
25 February 2025
Brokers
Price Forbes promotes Hasan to energy CEO
The broker joined the Ardonagh Group from Gallagher’s Alesco in 2017.
Rachel Dalton
,
25 February 2025
Talent
Sandeman-Allen to succeed Montanaro as Lloyd’s market oversight director
Montanaro will remain at Lloyd’s as an adviser until the end of May.
Rebecca Perkins
,
25 February 2025
Marine
Lockton deputy marine head Santamaria to exit
The marine market has experienced another flurry of personnel movement.
Samuel Casey
,
25 February 2025
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