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Property

 

 

Mangrove names Cotton as chief operating officer

Florida-based start-up hires former Olympus Insurance executive Tim Cotton

United States Property

Chaucer launches smart follow D&F property consortium

Carrier partners with InsurX on algorithmic system that claims to return most quotes within an hour

London Property

Fitch positive about ‘big four’ European reinsurers

P&C ratios across the four – Hannover Re, Munich Re, Scor and Swiss Re – were 86.3% last year, with three recording 10%-plus RoE

Europe Reinsurance

Los Angeles fires will ‘firm up’ US reinsurance prices: S&P

S&P Global bullish on reinsurance market but unwilling to change outlook to positive

International United States

Australian official says insurance costs are growing problem

Apra’s Magill urges more transparency on prices and conditions

Australia Property

Vortex launches parametric hurricane cover in Hawaii

Vortex said its parametric hurricane coverage provides automatic payouts based on data from the National Hurricane Center

United States Property

US P&C industry swings to 2024 underwriting profit

US property/casualty sector’s combined ratio improves 5.2 points to 96.4% on the back of underwriting turnaround

United States Property

Allianz working on new India joint venture: report

German firm has reached ‘preliminary agreement’ with Ambani-backed company

India Mergers and Acquisitions

Mid-March tornado outbreak caused up to $3bn in losses

Gallagher Re estimates losses for first billion dollar-plus severe convective storm event in North America

United States Property

Forest management in focus in wake of California wildfires

Critics claim policymakers are preventing sensible forest management, which could drive down risk and cut insurance prices

Property United States

Munich Re to acquire remaining 71% of US insurtech Next

Reinsurance giant moves to strengthen foothold in the US small commercial primary insurance market

United States Property

Lloyd’s 2024: Property underwriting profits hit £2bn

Property reinsurance profits also edge up despite heightened loss activity amid strong premium growth

London Property
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