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Bermuda
Everest Group pegs California wildfire losses at $350mn-$450mn
The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
Kyoung-son Song
,
03 February 2025
MGAs/MGUs
Volante to shut down Edison Motor
The niche auto underwriting cell was the first to launch on the MGA platform.
Rachel Dalton
,
27 February 2025
Bermuda
CA wildfires will have a positive impact on property cat treaty pricing: Everest CEO
At 1 January renewals, prices dropped 5%-15% for loss-free programmes.
Kyoung-son Song
,
04 February 2025
Catastrophe losses
Syndicates predict LA fires to stem or slow US cat rates
MAP’s Christopher Smelt said impact on nationwide programmes will cause risk aversion.
Rachel Dalton
,
20 March 2025
Bermuda
RenRe Q4 CoR deteriorated 15.7 points to 91.7% on Milton losses
Hurricane Milton brought the firm net losses of $270mn in Q4, while it forecast up to a $750mn wildfire hit for Q1.
Caroline Ryan
,
28 January 2025
MGAs/MGUs
Optio Group retains Evercore to explore debt recap
The specialty MGA is being watched closely by PE houses for signs of movement on a sale.
Adam McNestrie
,
17 February 2025
London market
Lloyd’s confirms departure of CFO Keese and appointment of Cliff
John Neal said Burkhard Keese had guided Lloyd’s to some of its best financial results.
Rebecca Perkins
,
30 January 2025
Casualty/GL
MGA Crux builds liability offering with TMK hires
Chris Jones, Will Shepherd-Barron and David Clark will join the start-up.
Rachel Dalton
,
02 April 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
Reinsurers
Insured nat cat losses total $108bn in ‘quite active’ year to Q3: Gallagher Re
The above-average tally was driven by a high frequency of mid-sized events.
Samuel Casey
,
16 October 2024
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