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Catastrophe losses
Secondary perils drive global cat losses towards ‘new normal’ of $150bn
Secondary perils accounted for 65% of global insured losses in 2024.
Mehr Gill
,
30 January 2025
Bermuda
Axis swings to $130mn Q4 U/W profit despite higher cat activity
The carrier’s Q4 CoR decreased 34.8 pts YoY to 94.2% as it reported favorable prior-year reserve development.
Jairo Ibarra
,
29 January 2025
Bermuda
RenRe estimates $50bn industry loss for California wildfires: CEO O’Donnell
The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
Caroline Ryan
,
29 January 2025
M&A
Davies kicks off sale process that could secure £3bn+ valuation
The claims and services provider has now launched the process it postponed last year.
Adam McNestrie
,
29 January 2025
Commercial lines
‘Too early to tell’ CA wildfire impact on property pricing: Chubb’s Greenberg
The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
Jairo Ibarra
,
29 January 2025
Talent
MGA VUW.ai build-out continues with chief data officer Appleton
VUW.ai rebranded from Vi Digital last March.
Rebecca Perkins
,
29 January 2025
Lloyd’s
Coface prepares for Lloyd’s syndicate launch
The French credit insurer has Apollo lined up as its managing agent.
Rachel Dalton
,
29 January 2025
Renewals
SI Re increases premium volume 10% to EUR225mn at 1.1
Non-proportional business accounted for 34% of its total.
Jai Singh
,
29 January 2025
Nardac launches $20mn facility for nat cat renewables cover
The renewables market has seen perils such as hail deliver repeated claims.
Samuel Casey
,
29 January 2025
Digests
Daily Digest: Top news from 29 January
A roundup of all the news you need, including Coface’s upcoming syndicate launch.
Insurance Insider team
,
29 January 2025
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