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Digests
Daily Digest: Top news from 28 February
A roundup of all the news you need, including Allianz results.
Insurance Insider
,
28 February 2025
Claims and losses
CA Fair Plan approved for $1bn assessment from member companies
Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
Kyoung-son Song
,
12 February 2025
Talent
IQUW appoints Tongue to head credit and political risk team
Andrew Tongue joins from Canopius, where he was deputy head of credit and political risk.
Abbie Day
,
11 February 2025
MGAs/MGUs
PIB launches legal action over Dual’s Acquinex hires
CEO McManus vows broker “will not be silent” over “unlawful” competitor behaviour.
Rachel Dalton
,
23 January 2025
London market
MS Amlin launches partnerships unit
Deputy CUO Sam Geddes will lead the division.
Rachel Dalton
,
27 January 2025
Catastrophe losses
Cresta: $1bn+ non-US cat events cost insurers $18.2bn in 2024
The largest non-US event in 2024 was the catastrophic flooding in Valencia.
Rebecca Perkins
,
02 January 2025
Re/insurers
Milton unlikely to affect carriers’ credit ratings: Fitch
The hurricane is likely to prevent rate reductions in property cat in 2025.
Rachel Dalton
,
11 October 2024
Catastrophe losses
Milton weakens to Category 3 as track ticks north nearer Tampa Bay: NHC
Milton’s center is projected to make landfall near or just south of Tampa Bay.
Shelby Rosenberg
,
09 October 2024
Catastrophe losses
Hurricane Milton strengthens to Category 5: NHC
The storm is packing maximum sustained winds of 175mph.
Hal Stucker
,
07 October 2024
Personal lines
California wildfires could deplete the Fair Plan – what does that mean?
Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.
Clark Mindock
,
15 January 2025
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