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
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
Philippines and US most vulnerable to climate-related losses: Swiss Re
The Philippines currently loses 3% of its GDP to weather-related perils annually
ProAssurance hit by workers' comp losses
US liability specialist swings to operating loss in fourth quarter of 2023
Safety's income halved by surge in claims
US property/casualty group posts fourth-quarter combined ratio of 106.5%
Increased E&S capacity to ease US property renewals in 2024: Gallagher
The extreme rate increases over the past six years are losing momentum, specialty broker says
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