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Daily Digest: Top news from 31 March

A roundup of all the news you need, including the retirement of Conduit CEO Trevor Carvey.

Insurance Insider, 31 March 2025
Ontario Teachers in exclusive talks with Ardian for Diot-Siaci

Under the proposals, Ardian would become the French broker’s main financial investor.

Rachel Dalton, 31 March 2025
Convex boosts 2024 GWP 22% to $5.2bn and posts 87.6% CoR

Growth came across all lines, and losses from catastrophe events were within expectations.

Samuel Casey, 31 March 2025
State Farm pays out over $2.5bn for LA wildfires

The carrier has received 12,300 claims as of 28 March.

Rachel Dalton, 31 March 2025
Conduit shares drop 7.5% on CEO exit, reinsurance strategy news

Analysts see Conduit’s extra reinsurance buying as a positive development.

Rachel Dalton, 31 March 2025
Allianz Trade names Dessèvre CEO as des Cressonnières retires

des Cressonnières has worked for the carrier for 28 years.

Rachel Dalton, 31 March 2025
Insuring Gen AI as standalone could be ‘sure fire’ way to lose money

Sources said extending coverage to Gen AI may be difficult and unnecessary.

Abbie Day, 31 March 2025
Conduit Re announces Carvey to retire in April

Executive chair Neil Eckert will step in as interim CEO.

Rachel Dalton, 31 March 2025
February cat heatmap: A break in the clouds

Cat losses last month were lighter than historical trends, but all eyes are on Q1 figures.

Noah Marchese, 25 March 2025
Talks in potential ~$10bn Howden-Risk Strategies tie-up becoming strained

Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.

Jairo Ibarra, 28 March 2025

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