
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

Slide launches IPO targeting valuation of up to $2.1bn
Florida carrier could raise up to $340m from the share offering

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

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

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

Dale names Curran head of global property reinsurance
Curran was most recently active underwriter at TMK syndicate 557

Palomar names Bradley as a director
US specialty catastrophe insurer appoints former Argo chief executive Thomas Bradley to its board

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

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

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

American Coastal swings to Q4 profit
Florida residential insurer’s combined ratio improves 37.9 points to 66.6% on lower losses

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
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