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Reinsurance
The Fidelis Partnership takes Arch’s Wells as COO
Erik Manning is joining the business from BMS as head of ceded reinsurance.
Samuel Casey
,
10 April 2025
Casualty/GL
TMK promotes Delaney to departmental head of liability
Delaney has spent the last 14 years at TMK.
Rebecca Perkins
,
16 April 2025
Reinsurance
Reinsurers drive 1.1 rates down as they grab for well-rated US cat
Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
Rachel Dalton
,
16 December 2024
Renewals
Hannover Re books EUR2.3bn 2024 profit as premium grows 7.6% at 1.1
The carrier reported cat price reductions of 5.4% at the January renewals.
Rachel Dalton
,
06 February 2025
Catastrophe losses
Helene insured losses in ‘higher single-digit billions’: Aon
The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
Abbie Day
,
07 October 2024
Brokers
Gallagher Securities names Bolding CEO as Dubinksy becomes chairman
Bolding will focus on aligning Gallagher Securities with Gallagher Re.
Jai Singh
,
07 February 2025
Catastrophe losses
USAA’s $1.6bn-$2.2bn wildfire loss implies first-layer reinsurance hit
The carrier’s Eaton Fire loss would be a retained net loss hit.
Jai Singh
,
05 February 2025
Brokers
Marsh hires Beaupérin for European-client leadership role
The executive led Ferma for 10 years.
Rachel Dalton
,
07 May 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
Re/insurers
Munich Re P&C Q4 operating profits surge as CoR improves to 83.5%
The carrier pegged its claims expenditure for the LA wildfires at EUR1.2bn.
Rebecca Perkins
,
26 February 2025
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