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A look back at the year in P&C (re)insurance, with the aid of some of our visual journalism. -
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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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.
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The Class B notes on the carrier’s debut deal attach at $500mn of losses.
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The P&C industry had its best Q3 combined ratio since 2015, driven by personal lines.
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The association’s Hurricane Beryl net loss stood at $455mn as of 30 September.
