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London market
The Week in 90 Seconds: LA wildfires, Lloyd’s CEO, London rates
Plus, the latest people moves and all the top news of the week.
Jim Robinson
,
17 January 2025
Catastrophe losses
Gallagher Re raises CA wildfire insured loss estimate to $20bn-$30bn
The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added.
Kyoung-son Song
,
16 January 2025
Catastrophe losses
CoreLogic estimates Palisades and Eaton insured losses at $35bn-$45bn
This will be the most expensive fire in the state’s history, it said.
Kyoung-son Song
,
16 January 2025
Brokers
McGill and Partners lands Lockton’s global FI head Skaanild
McGill was recently included in Warburg Pincus’s multi-asset continuation vehicle.
Samuel Casey
,
16 January 2025
Catastrophe losses
Reinsurers to take $13.3bn share of $30bn LA wildfire loss: Citi
A $30bn industry loss would use one-third of Big Four’s 2025 cat budgets.
Rachel Dalton
,
16 January 2025
Digests
Daily Digest: Top news from 16 January
A roundup of all the news you need, including the revival of the Willis trading name.
Insurance Insider team
,
16 January 2025
Re/insurers
Fema increases NFIP reinsurance placement 22% to $757.9mn
The reinsurance attaches at $7bn, unchanged for the past two years.
Jai Singh
,
16 January 2025
Brokers
WTW revives Willis and Towers Watson as trading names
The Willis name, which dates back to 1828, will be used with clients and markets.
Adam McNestrie
,
16 January 2025
Talent
Arch Insurance makes senior casualty promotions
Robin Hamilton has been appointed head of energy and marine liability.
Abbie Day
,
16 January 2025
Re/insurers
London rate slide: Carriers turn to pinpointing profitable niches
Market softening means exploiting hardening niches is the name of the game.
Rachel Dalton
,
16 January 2025
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