Insurance industry commentators are confident that the catastrophe bond market can continue its healthy growth trajectory in 2025 after the asset class delivered strong returns to investors last year.
January 29 by Chris Kirkham, Judith Langowski and Peter Henderson (Reuters) - Seven years before wildfires tore through opposite ends of the Los Angeles area, the Tubbs Fire in Northern California's Sonoma County jumped a six-lane freeway and decimated Santa Rosa's Coffey Park subdivision, a suburban enclave similar to Pacific Palisades and Altadena.
With WTW group CEO Carl Hess having confirmed the group’s plans to re-enter treaty reinsurance broking in December, one of the key questions now is who will lead the new entity. The Insurer examines both the opportunity and the likely leadership candidates below…
The North American insurance composite compiled by investment banks Stonybrook Capital and Weild & Co was up 5 percent in the week to Friday, with all twelve industry groups rising.
Blackstone has made several large bets on P&C insurance on both sides of the Atlantic since 2018, with the US alternative asset manager’s backing of AIG’s new Lloyd’s Syndicate 2478 the latest in a series of investments in the space, according to analysis by The Insurer.
Concerns that the Baltimore bridge collapse could result in the marine reinsurance market's largest ever loss were largely put aside during the January renewals due to prevailing supply-demand dynamics.
The North American insurance composite compiled by investment banks Stonybrook Capital and Weild & Co lost 3.0 percent for the week, with all industry groups except brokers ending in negative territory.
Insiders will dominate the list with Clive Buesnel, Sheila Cameron, Sean McGovern and Patrick Tiernan all featuring…
Insurance shares tumbled on Friday as analysts projected $10bn-$20bn in insured losses from the ongoing Los Angeles wildfires, though the latest commentary suggests some of the declines may have been overdone.
Analysts at rating agencies and investment banks as well as other industry sources suggest the Los Angeles wildfires will rank among the most destructive in California’s history – and will possibly be the largest ever insured loss from the peril, with JP Morgan doubling its estimate to $20bn.