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Catastrophe losses
Gallagher Re pegs insured loss for US storms in March at $1bn-$3bn
The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
Jai Singh
,
21 March 2025
Lloyd’s
Ascot Syndicate 1414 reports 27% drop in profits to $185mn
The syndicate achieved a profit despite a “relatively heavy” catastrophe year.
Jai Singh
,
21 March 2025
Brokers
Aon expands global risk analytics team
The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
Jai Singh
,
21 March 2025
Property treaty
Layers of casualty value chain ‘pretty much aligned’: Acrisure Re’s Hedley
The broker said that businesses not investing in AI capabilities would be left behind.
Samuel Casey
,
21 March 2025
Commercial lines
Greenlight Re cuts back on open markets casualty business
Instead, the reinsurer plans to write more casualty business through its innovations book.
Kyoung-son Song
,
20 March 2025
Lloyd’s
Ki 1618 and Beazley 5623 book 90% CoRs for 2024
Ki cut its top line by 8.7%, while Beazley’s smart-tracker expanded to $481mn.
Rachel Dalton
,
20 March 2025
London market
Axa XL 2003 CoR hits 99.6% as GWP grows 4% to £1.38bn
Results were impacted by prior year reserving and an unwind of intragroup reinsurance recoveries.
Samuel Casey
,
20 March 2025
Research
E&S in 2024: Premium grows to $135bn, other liab, comm auto stand out
Surplus lines are still strong, but not the standout they used to be.
Amit Kumar
,
20 March 2025
Lloyd’s
Lloyd’s syndicate results: $2bn club CoRs deteriorate as GWP grows
Most of the market’s largest syndicates kept their CoRs below 90% as prices remained adequate.
Rachel Dalton
,
20 March 2025
Commercial lines
Munich Re’s Ergo to acquire InsurTech Next in $2.6bn deal
Ahead of the deal, Ergo owned a 29% stake in Next, which generated top line of $548mn last year.
Jairo Ibarra
,
20 March 2025
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