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Re/insurers
The Week in 90 Seconds: McGill, ACT, Stone Point, Renewals
A quick roundup of the top stories of the week.
Jim Robinson
,
20 December 2024
Financial and professional lines
Health and safety identified as top D&O risk: Willis
Larger companies ranked regulatory breach as their top risk.
Samuel Casey
,
21 March 2025
Commercial lines
The Hartford’s Hurricane Milton losses within retention: CFO Costello
The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.
Shelby Rosenberg
,
25 October 2024
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
Bermuda
Hamilton Q4 CoR jumps 5.2 points to 95.4% due to Helene and Milton
Cat losses in the quarter totalled $49.1mn, net of reinsurance, of which $37.8mn was from Milton.
Kyoung-son Song
,
26 February 2025
M&A
Apax opens up PIB process to trade bidders
The broker is understood to be seeking a consideration of £3.75bn+.
Adam McNestrie
,
21 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
Data
CEO pay at Lloyd's vs London-listed carriers
Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
Mehr Gill
,
27 February 2025
Talent
Gallagher names WTW’s Bradley as head of US construction casualty
Bradley was construction team leader for US casualty at WTW.
Abbie Day
,
27 January 2025
Commercial lines
Markel Insurance restructures US and Bermuda operations
The business will divide into US wholesale and specialty, and programmes and solutions.
Rachel Dalton
,
22 April 2025
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