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Digests
Daily Digest: Top news from 12 February
A roundup of all the news you need, including Mapfre Re’s 2024 results.
Insurance Insider team
,
12 February 2025
Re/insurers
Mapfre Re improves FY CoR by 2 points as net result jumps 33%
The Dana floods in Valencia resulted in a EUR34mn net impact at group level.
Rebecca Perkins
,
12 February 2025
London market
London casualty tries new products to curb US auto liability losses
Newer swing products offer an alternative way to deal with escalating awards.
Abbie Day
,
12 February 2025
Claims and losses
CA Fair Plan approved for $1bn assessment from member companies
Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
Kyoung-son Song
,
12 February 2025
Catastrophe losses
Mercury General pegs CA wildfire net cat loss at $155mn-$325mn
The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
Kyoung-son Song
,
11 February 2025
Bermuda
CA wildfires should dampen enthusiasm for property cat: Arch CEO
The company, meanwhile, is bullish on E&S US casualty.
Kyoung-son Song
,
11 February 2025
Catastrophe losses
Mican to leave PCS role as head of global strategy and growth
The role at PCS included acting as primary touchpoint for ILS.
Fiona Robertson
,
11 February 2025
Renewals
Aviation market resolve tested at renewals in wake of $1bn+ airline losses
Several airlines priced down around time of the Jeju and American Airlines aviation crashes.
Rebecca Perkins
,
11 February 2025
Catastrophe losses
Travelers pegs pre-tax LA fire loss at $1.7bn
Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
Rachel Dalton
,
11 February 2025
Claims and losses
Global 1-in-200-year cyber industry loss could hit $46bn: Guy Carpenter
This year's modelled outputs have increased across all return periods.
Abbie Day
,
11 February 2025
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