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Commercial lines
SiriusPoint says $733mn CM buyout a 4% boost to diluted book value
The reinsurer is buying out China Minsheng affiliate at year-end.
Fiona Robertson
,
31 December 2024
Reinsurance
Most January 1 renewals saw ‘meaningful over-subscriptions’: Aon
In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
Kyoung-son Song
,
30 December 2024
Claims and losses
Aviation market braces for multi-hundred-million loss on Jeju crash
Axa XL leads the aviation all-risks reinsurance coverage for the destroyed Jeju Air Boeing 737-800 craft.
Abbie Day
,
30 December 2024
Property treaty
Mereo balance sheet misses 1 Jan renewals
The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
Rachel Dalton
,
30 December 2024
Brokers
Crashed Jeju aircraft insured for $41.5mn
Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.
Abbie Day
,
30 December 2024
Brokers
Guy Carp puts 1.1 cat rate reductions at 5%-15%
The broker said demand grew more slowly than reinsurer appetite.
Fiona Robertson
,
30 December 2024
Insider On Air
In Partnership With
AXIS
Global Credit in 2025: Key Insights from Michael Silas
Michael Silas, Head of Global Credit for AXIS Re, discusses 2025's macroeconomic outlook, regulatory shifts, and credit market trends.
27 December 2024
MGAs/MGUs
Redline Underwriting takes flight with aviation programme for LatAm market
The programme was developed in collaboration with Allianz Commercial.
Jairo Ibarra
,
26 December 2024
M&A
Aviva targets reinsurance savings, head-count reductions for Direct Line buy
Aviva is targeting £125mn of annual savings within three years of the deal.
Fiona Robertson
,
24 December 2024
Digests
Daily Digest: Top news from 24 December
A roundup of all the news you need, including part two of Insurance Insider’s London market’s 2024 year in review and Colorado’s last-resort insurer.
Insurance Insider team
,
24 December 2024
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