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Brokers
Steadfast agrees to buy Lloyd’s broker HW Wood and HWI France
Steadfast Group is Australasia’s largest general insurance broker network and has been expanding in Europe.
Samuel Casey
,
07 November 2024
London market
London property rates ‘firm and attractive’ in primary market: Hiscox
Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.
Abbie Day
,
07 November 2024
Catastrophe losses
Gallagher Re pegs Spanish flood insured losses at EUR1.5bn-EUR2.5bn
Only around EUR70mn-EUR140mn will fall to private insurers.
Rachel Dalton
,
07 November 2024
Reinsurance
Swiss Re adds $2.4bn to US casualty reserves in Q3
The carrier’s Q3 net income will be around $100mn, far below consensus.
Rachel Dalton
,
07 November 2024
Reinsurers
Hiscox reports 3% increase in ICWP to $3.9bn
The carrier’s retail division saw the largest growth at 4.7%.
Jai Singh
,
07 November 2024
Reinsurers
Munich Re Q3 P&C result drops 42% to EUR375mn
Major-loss expenditure doubled to EUR1.6bn for the quarter
Rachel Dalton
,
07 November 2024
Specialty lines
Helene and Milton decelerate D&F softening but downward pressure persists
The D&F market now expects 2025 renewals to be flat to down 5%
Rebecca Perkins
,
07 November 2024
Reinsurers
Zurich’s P&C GWP up 4% to $36.1bn over first nine months
The carrier has pegged preliminary pre-tax Milton losses at less than $200mn.
Jai Singh
,
07 November 2024
Bermuda
Hamilton Q3 CoR rises 1 point to 93.6% as cat losses soar to $38.3mn
Hamilton reported a $30mn-$70mn net estimate for Hurricane Milton losses.
Jairo Ibarra
,
06 November 2024
Bermuda
RenRe Q3 CoR climbs 6.8 points to 84.8% on large loss impact including Helene
Hurricane Milton is estimated to have a net negative impact of $275mn on Q4 results.
Kyoung-son Song
,
06 November 2024
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