Claims and losses

Jack Falvey, CEO of Falvey Insurance Group, talked to Insider on Air about what sets his MGA apart in an increasingly crowded field and why “just having relationships” isn’t enough anymore.

Of the 178 passengers and crew on board, no serious injuries have been reported.

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

The carrier was seeking to expand its 1 March-renewing programme.

Reinsurers’ hopes that LA wildfires will slow 1.4 softening are in question.

Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.

Both carriers have extensive reinsurance coverage.

Aviation reserve strengthening added 10.1 points to the combined ratio.

The market improved on attritional losses in 2024 – but slowing rate growth raises queries over top-line momentum.

A collision earlier today caused a cargo of jet fuel to burst into flames.

While market underwriting profit slipped 10%, the underlying combined ratio was under 80%.

Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.