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A look back at the year in P&C (re)insurance, with the aid of some of our visual journalism.
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Fronting growth fell by half in 2024 due to uncertain loss climate and high cost of capital.
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Malibu, which has 10,000 residents, posted on social media on Wednesday that the fire was 7% contained.
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The fire started Monday night, with high winds predicted for Tuesday morning.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
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There has been increased W&I appetite in South American jurisdictions.
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The insurer will conduct an audit to ensure “transparency and accountability.”
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It estimated insured losses from nat cats on track to exceed $135bn in 2024.
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The carrier attributed the intensification of storms this season to climate change.
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Major reserve releases help drive strong Q3 and year-to-date results, but the industry looks over-optimistic.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.