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Berkshire Hathaway expects $1.3bn pre-tax CA wildfire insurance loss

The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.

Jairo Ibarra, 22 February 2025
Ryan Specialty paid $426.8mn for London MGA platform Innovisk

This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.

Jairo Ibarra, 21 February 2025
The Week in 90 Seconds: LA wildfires, aviation, IG renewal

Plus, the latest people moves and all the top news of the week.

Jim Robinson, 21 February 2025
Apax opens up PIB process to trade bidders

The broker is understood to be seeking a consideration of £3.75bn+.

Adam McNestrie, 21 February 2025
Daily Digest: Top news from 21 February

A roundup of all the news you need, including our interview with Ki CEO Mark Allan.

Insurance Insider team, 21 February 2025
QBE International reports 0.8-point CoR improvement

Retention levels for reinsurance fell across the different geographies the carrier operates in.

Jai Singh, 21 February 2025
Full independence is a ‘coming of age moment’ for Ki: CEO Allan

The executive said the company’s expanding capacity base would make it “more like a marketplace”.

Samuel Casey, 21 February 2025
AM Best goes negative on Mercury over wildfire losses

The ratings agency has revised Mercury’s outlook from stable to negative.

Rebecca Perkins, 20 February 2025
Allstate estimates reinsurance recoveries of $1.4bn from CA wildfires

The carrier estimated January cat losses of $1.08bn, or $849mn after-tax, including the fires.

Kyoung-son Song, 20 February 2025
Specialty Risk Re closes $50mn funding round

The investors are led by PE firm NMS Capital Group.

Rachel Dalton, 20 February 2025

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