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Claims and losses
Weather related damage cost insurers £585mn in 2024: ABI
The annual claims totalled £5.7bn, the largest amount paid out in any year.
Abbie Day
,
10 February 2025
Energy
Downstream market facing EUR600mn+ claim from Bayernoil fire
Claims in recent months have brought a period of benign loss activity to an end in the class.
Samuel Casey
,
10 February 2025
Claims and losses
CatIQ pegs Alberta hailstorm insured loss at C$3.25bn
The storm is likely to be one of the costliest weather events in Canadian history.
Abbie Day
,
10 February 2025
Reinsurers
Mapfre Re makes host of appointments in strategic shake-up
The business will prioritise growth in the life segment.
Rachel Dalton
,
10 February 2025
Financial and professional lines
Competition will ‘stymie’ insurer debate on FI price adequacy: Gallagher
The broker said clients could expect to see double-digit rate decreases this year.
Samuel Casey
,
10 February 2025
Digests
Daily Digest: Top news from 10 February
A roundup of all the news you need, including Axis Capital’s new head of ceded re for NA.
Insurance Insider team
,
10 February 2025
Talent
Swiss Re’s Siravo joins Axis Capital as NA ceded re head
The executive has also worked for Guy Carpenter during her 20-year career.
Rachel Dalton
,
10 February 2025
Regulation
Swift service, proportionate regulation top wish list for UK captives
The government’s consultation ended on Friday (7 February).
Stephanie Denton
,
10 February 2025
London market
Chambers becomes Helios interim exec chair as Wade steps down
Michael Wade, who joined Helios in 2023, led the group’s portfolio-restructuring exercise.
Rachel Dalton
,
10 February 2025
M&A
Will 2025 be the year of reinsurer consolidation?
As the market turns, balance sheet M&A is becoming a more appealing option.
Rachel Dalton
,
10 February 2025
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