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Property

 

 

Beazley appoints Wunderlich to lead property parametric underwriting

Parametric solutions are being 'increasingly used' to address the growing complexity of the risk landscape for property assets, Beazley says

Europe Beazley

Slide launches IPO targeting valuation of up to $2.1bn

Florida carrier could raise up to $340m from the share offering

United States Property

Los Angeles wildfires send US insurers to $1.1bn Q1 underwriting loss

Sector books 34% decline in pre-tax operating income to $19.6bn, analysis of results by AM Best finds

North America Casualty

US P&C sector still expected to post sub-100% COR in 2025: Fitch

Sector books 98.8% combined ratio in first quarter of the year, following $50bn of wildfire-driven insured losses

United States Property

Florida approves transfer of more than 54,000 Citizens policies

Last-resort insurer's policy count has fallen to just over 1.16 million policies at the end of February following depopulation programme

United States Property

Dale names Curran head of global property reinsurance

Curran was most recently active underwriter at TMK syndicate 557

London Lloyds

Palomar names Bradley as a director

US specialty catastrophe insurer appoints former Argo chief executive Thomas Bradley to its board

United States Property

Losses from Texas wildfire to reach hundreds of millions: Aon

Smokehouse Creek fire has consumed more than 1,700 square miles and spread into Oklahoma, ranking it as the largest wildfire in the state's history

United States Property

Liberty Mutual closes sale of Latin America business

US insurance giant completes $1.5bn sale of its Liberty Seguros business in Chile, Colombia and Ecuador to Talanx

South America Liberty

Miller launches global parametric team

London-based team will provide coverage for risks seen as 'too complex or too difficult to insure'

London Brokers

American Coastal swings to Q4 profit

Florida residential insurer’s combined ratio improves 37.9 points to 66.6% on lower losses

United States Casualty

State Farm narrows net loss to $6.3bn in 2023

Catastrophe losses drive US group's full-year property/casualty underwriting loss to $14.1bn 

United States Casualty
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