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Catastrophe bonds
State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
Liz Bury
,
21 March 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
Lloyd’s
Blueprint Two: Not the straw that breaks the camel’s back
Technological delays erode credibility, but the market remains strong.
Stephanie Denton
,
27 March 2025
MGAs/MGUs
Carbon Underwriting CEO Tye to retire due to ill health
Co-founder and CUO Jacqui Ferrier has been appointed his successor.
Abbie Day
,
28 April 2025
M&A
Howden ends pursuit of Risk Strategies, leaving field open for others
The UK broker is still in talks with Mubadala about a standalone investment in the business.
Adam McNestrie
,
15 April 2025
Re/insurers
Wildfires reinforce need for (re)insurers to price risks accurately: CEO panel
These events can also no longer be considered secondary perils, executives said.
Rebecca Perkins
,
10 March 2025
MGAs/MGUs
Australia’s Pinnacle Underwriting exploring potential sale
Sources said Insurance Advisory Partners is advising the fac MGA on the strategic process.
Jairo Ibarra
,
24 March 2025
London market
IUA adds trio of London company market executives to its board
Newly appointed CEO Chris Jones also joins the board.
Rebecca Perkins
,
17 April 2025
Talent
Gallagher Re international chairman Vickers to retire
The executive spent 43 years with WTW before joining Gallagher through the Willis Re sale.
Rachel Dalton
,
03 February 2025
London market
Dale Syndicate 1729 closes 2022 at £29mn loss as casualty claims worsen
The carrier posted significant growth in 2024, with GWP up 30% to $493mn.
Samuel Casey
,
25 March 2025
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