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This will be the most expensive fire in the state’s history, it said. -
McGill was recently included in Warburg Pincus’s multi-asset continuation vehicle.
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A $30bn industry loss would use one-third of Big Four’s 2025 cat budgets.
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The reinsurance attaches at $7bn, unchanged for the past two years.
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Robin Hamilton has been appointed head of energy and marine liability.
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Market softening means exploiting hardening niches is the name of the game.
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Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.
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The association has published a six-point plan to lessen red tape on brokers.
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The members’ agent said 2024 will still be a profitable year for Lloyd’s.
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Several Marsh energy staff have defected to WTW over the past 18 months.
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In Partnership With JencapMark Maher, President of Jencap, discusses the thriving MGA space, market challenges, and opportunities in 2025.
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By March, firms must be able to show they can remain within impact tolerances.
