All News articles – Page 25
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NewsKCC estimates $28bn insured losses for Palisades, Eaton fires
Insured loss estimate based on high-resolution KCC US Wildfire Reference Model.
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NewsLockton Re Capital Markets appoints UK structuring, cyber ILS leader
New ILS hire in London joins Lockton Re from rival reinsurance broker Gallagher Re.
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NewsAon names Nar to lead new India L&H reinsurance practice
Joining from Howden and Gen Re, respectively, Renuka Nar and Neha Shah are named by Aon in Indian life and health leadership roles.
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NewsLast year's insured losses reached $145bn globally – Aon Cat Report
Report reveals 60% of economic damage caused by catastrophes in 2024 was uninsured; insured losses reached $145bn globally – the sixth costliest year on record.
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NewsVerisk estimates Palisades, Eaton Fires insured loss $28bn-35bn
The cat modeller’s estimate includes losses due to fire and is inclusive of losses to the California Fair Plan.
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NewsLA firestorm: $20-30bn insured loss estimate from Moody’s RMS
Cat modeller’s preliminary estimate range reflects impacts observed to date, with significant uncertainty.
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NewsBattleground over soft skills: interview with Gracechurch’s Ben Bolton
People think there’s a battle being fought over technology, but the London market needs to be more responsive, and better at sales skills, according to Gracechurch Consulting’s founder.
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NewsWEF: ‘Escalating’ environmental, geopolitical, social, technology challenges
War risk is the biggest immediate fear, imperilling stability and progress, while technology and the environment loom large and dominate medium long term concerns, according to the 20th edition of the World Economic Forum’s (WEF) Global Risks Report 2025.
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NewsMunich Re appoints Schwimmer to lead specialty reinsurance, Lloyd’s and Bermuda
Christa Schwimmer has been with Munich Re for 23 years, starting in 2002 as a property treaty underwriter for Japan.
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NewsArch Insurance EU appoints Smith CEO
Duncan Smith is promoted to lead Arch’s European Union subsidiary in Dublin.
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NewsDavid Howden plea to brokers stresses London’s ‘untapped potential’
In a rapidly evolving geopolitical landscape, insurance alone has the power to de-risk potentially trillions currently sitting untouched on company balance sheets, according to Howden Group’s chief executive.
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NewsLockton Re adds two senior casualty brokers in London
Daniel Moruzzi and Matthew Cope have both joined the reinsurance broker’s international P&C division in London as senior brokers.
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NewsLA wildfires have likely destroyed 10,000+ buildings, costing insurers ‘billions’
Los Angeles wildfires, with the Palisades fire looking like the most destructive, have already burned 11,802 acres and are “0% contained” as high winds threaten to further fan the flames.
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NewsASR launches first Africa focused Lloyd’s consortium
Baobab will work across political risk, trade credit, political violence & terrorism, property, energy, construction and liability lines.
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NewsM&A cover demand rising with bullish deals outlook – Gallagher Specialty
A more positive economic environment is translating quickly into the M&A space, according to Gallagher Specialty in its latest global M&A report.
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NewsJohn Neal quits Lloyd’s, appointed Aon global reinsurance CEO
New global climate role will help tackle increasing weather and catastrophe risks, reinsurance broker said.
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NewsCasualty renewal stable despite reinsurer concerns – Aon
The broker reported many of its excess casualty clients saw an improvement in risk-adjusted margins, despite adverse litigation trends and loss development on US exposures written in soft market years.
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NewsProperty cat ROL down 6.6% globally at 1/1 – Guy Carpenter
The reinsurance broker released its rate-on-line indices for property catastrophe business at the 1 January reinsurance renewal, headlined by a US decrease of 6.2% and an overall fall of 6.6% globally.
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NewsHowden at 1/1 heralds new phase in the cycle ‘past the pricing peak’
Risk-adjusted price reductions at January renewals included retrocession down 13.5%, D&F down 12.5%, global property cat down 8% and London market casualty XoL down 2%.
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NewsDavies appoints Button as deputy CEO
New deputy CEO was previously North American boss and M&A director; the insurance services firm also outlined a “Vision-2030” strategy.
