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Digests
Daily Digest: Top news from 9 January
A roundup of all the news you need, including the latest on the LA wildfires and S&P on Lloyd’s CEO John Neal's departure.
Insurance Insider
,
09 January 2025
Catastrophe losses
California Fair Plan Pacific Palisades exposure at ~$6bn
Six wildfires are now burning in SoCal, with the Palisades fire being the largest.
Rachel Dalton
,
09 January 2025
Specialty lines
McGill launches Ukraine war risk insurance facility
The broker partnered with Ukrainian carrier ARX and Lloyd’s Lab InsurTech FortuneGuard.
Abbie Day
,
09 January 2025
Lloyd’s
Lloyd’s overlapping transitions and Neal’s legacy
The CEO’s accelerated exit could cost momentum, and shortens Tiernan’s odds of succeeding.
Adam McNestrie
,
09 January 2025
Catastrophe losses
Two more fires hit Los Angeles as 130,000 people evacuated
Six fires now cover more than 27,000 acres across Southern California.
Abbie Day
,
09 January 2025
Catastrophe losses
Munich Re pegs insured nat cat loss bill at $140bn in 2024
Hurricane Milton resulted in the largest insured loss of the year at $25bn.
Rebecca Perkins
,
09 January 2025
Lloyd’s
Africa Specialty Risks launches Africa-focused Lloyd’s consortium
It is understood that supporters include Munich Re and Brit.
Rachel Dalton
,
09 January 2025
Personal lines
Everest’s Andrade leaves for president and CEO role at USAA
He succeeds Wayne Peacock, who retires this year after four years of service.
Kyoung-son Song
,
08 January 2025
Bermuda
Everest Group appoints Williamson acting CEO as Andrade departs
Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
Kyoung-son Song
,
08 January 2025
Everest Re takes Guy Carpenter’s head of construction and engineering
Alex Haines also previously held roles at WTW and Mapfre.
Rachel Dalton
,
08 January 2025
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