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London market
Aviva adds PV and A&H to Lloyd’s offering through Probitas
Probitas is set to grow by around 40% this year.
Samuel Casey
,
06 February 2025
Digests
Daily Digest: Top news from 6 February
A roundup of all the news you need, including Hannover Re’s results on P&C treaty renewals.
Insurance Insider
,
06 February 2025
Catastrophe losses
Hannover Re pegs LA wildfire loss at EUR500mn-EUR700mn
The carrier is likely to exceed its Q1 large-loss budget due to the California wildfires.
Rachel Dalton
,
06 February 2025
Brokers
Q4 earnings: The latest results of the major global brokers in four graphics
Single-digit organic growth, robust casualty pricing and tapering margins were all key trends.
Ben Wylie
,
06 February 2025
Renewals
Hannover Re books EUR2.3bn 2024 profit as premium grows 7.6% at 1.1
The carrier reported cat price reductions of 5.4% at the January renewals.
Rachel Dalton
,
06 February 2025
Specialty lines
Markel estimates $90mn-$130mn Q1 CA wildfire loss, swings to UW gain
The specialty insurer reported favorable developments in both its insurance and reinsurance segments.
Jairo Ibarra
,
06 February 2025
Personal lines
Allstate expecting $1.1bn pre-tax loss from California wildfires
The carrier has been reducing its presence in the state since 2007.
Kyoung-son Song
,
05 February 2025
Specialty lines
Markel board taps advisers for business review following Jana feedback
The board will lead the review following feedback from shareholders including activist investor Jana.
Jairo Ibarra
,
05 February 2025
Catastrophe losses
USAA’s $1.6bn-$2.2bn wildfire loss implies first-layer reinsurance hit
The carrier’s Eaton Fire loss would be a retained net loss hit.
Jai Singh
,
05 February 2025
Talent
Axis promotes Cucciniello to head of primary casualty
The underwriter has worked at Axis for a decade.
Rachel Dalton
,
05 February 2025
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