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Catastrophe losses
Firefighters gain on Palisades, Eaton fires while ~37,000 acres still ablaze
Investigators are homing in on the likely causes of the incidents.
Rachel Dalton
,
13 January 2025
Reinsurers
Deflated but still buoyant: Did 1.1 2025 mark a lasting reinsurance shift?
It has been a “good” bad renewal for cat reinsurers, with attachments likely to endure in the medium term.
Fiona Robertson
,
13 January 2025
Personal lines
CA wildfire losses to exceed $10bn, could approach $20bn: Gallagher Re
The number of structures damaged may put the event on par with the fires of 2017 and 2018.
Kyoung-son Song
,
10 January 2025
Commercial lines
Swiss Re NA head of P&C fac Michaelsen to retire in March
The executive has been with the firm for 27 years.
Kyoung-son Song
,
10 January 2025
Reinsurance
Mercury General expects to exceed its insurance retention level of $150mn
The company’s stock price has plummeted in the wake of the LA wildfires.
Caroline Ryan
,
10 January 2025
Catastrophe losses
California wildfires: What we know so far with the fires still blazing
Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.
Kyoung-son Song
,
10 January 2025
Talent
Markel builds out political violence team with Scor’s Stewart
The political violence market is in a competitive stage thanks to an influx of capacity.
Samuel Casey
,
10 January 2025
Catastrophe losses
LA County wildfires could be costliest in US history: Aon
Total economic and insured losses are “virtually certain” to reach into the billions.
Jim Robinson
,
10 January 2025
London market
Axa XL wrote 15% line on multi-hundred-million-dollar Jeju Air loss cover
Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
Rebecca Perkins
,
10 January 2025
Digests
Daily Digest: Top news from 10 January
A roundup of all the news you need, including the latest on the LA wildfires.
Insurance Insider
,
10 January 2025
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