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MGAs/MGUs
Increased flexibility will help MGAs face challenging market conditions: MGAA
The organisation has released its mission for 2025 and signed a MoU with the ABI.
Stephanie Denton
,
13 February 2025
InsurTech
Global InsurTech funding halves to $688.2mn in Q4: Gallagher Re
The broker attributed the drop to smaller average deal sizes over the quarter.
Abbie Day
,
13 February 2025
Digests
Daily Digest: Top news from 13 February
A roundup of all the news you need, including the second major claim of the year for the downstream market.
Insurance Insider team
,
13 February 2025
Claims and losses
Martinez fire threatens second major claim of 2025 for downstream
Sources said the claim is likely to be a multi-hundred-million-dollar event.
Samuel Casey
,
13 February 2025
Talent
BMS takes Biddell as head of London P&C Re
Genna Biddell will report to Brad Melvin, president and CEO, BMS Re US.
Abbie Day
,
13 February 2025
London market
Trueman to leave CFC as carrier ‘reshapes’ CUO role
CUO responsibilities will now be split out across senior underwriting leadership.
Abbie Day
,
13 February 2025
Re/insurers
IAG profits jump 91% to A$778mn for 2025 financial half-year
The Australian carrier disclosed A$426mn in net cat losses during H1.
Abbie Day
,
13 February 2025
Claims and losses
Lessor settlements: Narrowing loss expectations amid ongoing litigation
Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
Rebecca Perkins
,
13 February 2025
Catastrophe losses
Lancashire pegs California wildfire losses at $145mn-$165mn
The carrier is “extremely well capitalised” to achieve its strategic ambitions.
Abbie Day
,
13 February 2025
Personal lines
State Farm reveals $6.85bn loss estimate from California wildfires in rate filings
The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.
Clark Mindock
,
12 February 2025
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