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Catastrophe losses
Helene likely a top 10 loss event for NFIP: Guy Carp
The NFIP has a higher take-up rate in Tampa Bay, which experienced record coastal storm surge.
Jai Singh
,
27 September 2024
Reinsurance
Warburg and Kelso exercise 20% put options over Arch’s Somers Re
Somers Re is valued at ~$1.3bn, according to disclosures made in Arch’s Q3 2024 SEC filings.
Liz Bury
,
24 January 2025
Private equity
Seed investment is ‘99% about the people’: BP Marsh’s Topping
The executive said MGA and broking start-up activity looked set to continue.
Samuel Casey
,
07 March 2025
Catastrophe losses
Hurricane Helene losses will likely be larger than Idalia: AM Best
The ratings agency expects insured losses of around $5bn for Helene.
Kyoung-son Song
,
27 September 2024
Marine
Mereo takes ex-Atrium Hedges for specialty as buildout continues
The carrier unveiled its launch last week and is hiring across its divisions.
Samuel Casey
,
17 February 2025
London market
Themes for 2025: Reworking the foundations – from M&A to tech to ESG
In part two of our 2025 outlook, we explore the drivers of carrier M&A and recreating the ESG agenda.
Rachel Dalton
,
06 January 2025
Catastrophe losses
Verisk pegs onshore property loss from Milton at $30bn-$50bn
Most of the insured loss was attributable to wind.
Jim Robinson
,
16 October 2024
Lloyd’s
Rokstone announces binder agreement with Somers
The binder will provide capacity for international fac property, power and onshore energy.
Abbie Day
,
18 March 2025
Personal lines
Milton would have triggered assessment, insolvencies absent reforms: Citizens CEO
CEO Cerio highlighted changes that allowed the insurer of last resort to combine commercial, coastal and personal lines.
Clark Mindock
,
14 January 2025
Re/insurers
Reinsurer profit margins looking ‘robust’ for 2024 despite cat losses: AM Best
The agency’s outlook for global reinsurance remains at Positive.
Kyoung-son Song
,
20 November 2024
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