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Claims and losses
Uncertain fine art California fire loss could prove largest ever for the class
Loss assessment is at an early stage, but senior sources suggested the claim could surpass $1bn.
Samuel Casey
,
23 January 2025
Personal lines
Evacuations ordered as another wildfire breaks out in LA County
The fire started Wednesday morning and is currently 0% contained.
Caroline Ryan
,
23 January 2025
Bermuda
Everest Group appoints Williamson as permanent CEO
He was appointed acting CEO earlier this month, after Andrade’s departure.
Clark Mindock
,
22 January 2025
Brokers
Markerstudy appoints Rawlinson as CEO of distribution
Ian Donaldson and Craig Ball will rejoin Ardonagh in new roles focused on AI.
Caroline Ryan
,
22 January 2025
Catastrophe losses
Verisk pegs Palisades and Eaton fire insured loss at $28bn-$35bn
Losses from the larger fire will amount to $20bn-$25bn, the modeller said.
Rachel Dalton
,
22 January 2025
In Partnership With
VIPR Solutions
Future of MGA Programs: Challenges and Opportunities for 2025
Paul Templar, Co-Founder & CEO of VIPR Solutions, explores the drivers of growth, key challenges, and future outlook for MGAs in 2025.
22 January 2025
Commercial lines
Travelers ‘enhanced’ casualty reinsurance programme on 1.1: CFO Frey
The insurer also added $150mn cat coverage while reducing the total ceded premium for this treaty.
Jairo Ibarra
,
22 January 2025
Talent
McLarens promotes Jackson to head of Lloyd’s and London market
Gavin Jackson assumes responsibilities previously held by David Pigot, who retired recently.
Stephanie Denton
,
22 January 2025
Commercial lines
Carriers return to UK courts for Covid-19 BI appeals
The court will consider appeals against initial judgments that found in policyholders’ favour.
Abbie Day
,
22 January 2025
In Partnership With
Skyward
Emerging Risks and Opportunities in Professional Liability
Jim Mormile, President of Professional Lines for Skyward Specialty, discusses AI, cyber risks, and industry challenges.
22 January 2025
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