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$237bn of property values at ‘high’ risk of US wildfire

Nearly 900,000 single-family homes in the western US with combined total reconstruction value of more than $237bn are currently designated at "High" or "Very High" risk for wildfire damage, according to new data from CoreLogic

David Bull, 26 February 2015
Charles Taylor subsidiary acquires Strike Club manager

A Charles Taylor subsidiary has announced a conditional agreement to acquire three management companies from SC Management for $2.44mn

Dan Ascher, 26 February 2015
Universal to drop major quota share for 2015

Floridian insurer Universal Insurance Holdings said that it would drop its quota share reinsurance cover in the June 2015 renewals, as it reported a 24 percent increase in net income in 2014.

Fiona Robertson, 26 February 2015
Xchanging profits remain flat in 2014

Business technology and services provider Xchanging recorded a near-flat adjusted pre-tax profits figure for 2014, reporting a total of £51.1mn, down 1.2 percent from the £51.7mn disclosed in the prior year period.

Charlie Thomas, 26 February 2015
Allianz’s P&C division records 2.2% profits growth

Allianz has produced a strong set of results for the full year of 2014, with operating profit in the P&C insurance segment increasing by 2.2 percent to EUR5.38bn, delivering more than half of the total group operating profit.

Charlie Thomas, 26 February 2015
RSA returns to profit with full-year results

UK multi-line carrier RSA returned to profit in 2014, with pre-tax earnings rising to £275mn from a £244mn loss in 2013.

Charlie Thomas, 26 February 2015
Patria Re opens in Chile

Patria Re has opened its first branch in Chile as it plans to broaden its offering in the region, the Mexican reinsurer announced

Fiona Robertson, 25 February 2015
Willis buys 49% stake in Indian broker

Willis has agreed to buy a 49 percent stake in Indian firm Almondz Insurance Brokers

Charlie Thomas, 25 February 2015
Cloutier hints at long-term future with Fairfax

Brit CEO Mark Cloutier has underlined his intention to remain at the company for the foreseeable future, as well as indicating that there may be opportunities for him in the longer-term at other operations within Fairfax Financial.

Charlie Thomas, 25 February 2015
Insured losses drop to 5-year low: Guy Carp

Insured losses were at the lowest level last year since 2009, according to Guy Carpenter's annual Global Catastrophe Review, released today (25 February)

Jenny Messenger, 25 February 2015

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