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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.
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A California ruling could set an important precedent as other courts consider similar cases.
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Churn is expected to return to the market in 2025 as scrapping of older fleet accelerates.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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High deductibles, tighter underwriting and lack of flood cover meant lower claims figures.
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The storms struck Victoria, New South Wales and Queensland.
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This puts the total cumulative cash proceeds received at $319mn.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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A look back at the year in (re)insurance, with the aid of some of our visual journalism.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The index is a three-year strategic project to track social inflation by analysing personal injury awards.