Travelers estimates California wildfire loss at $1.7bn
Large U.S. primary insurer Travelers has announced its preliminary estimate of catastrophe losses from the January 2025 California wildfires at $1.7 billion before tax ($1.3
February 11, 2025
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Agency Operation
SaaS risk assessment template
Software-as-a-service (or SaaS) became mainstream in the early 2000s and has since revolutionized the way businesses operate. Offering everything from cloud-based technology to communications software,
February 10, 2025
Skyward Specialty commutes LPT with R&Q Re (Bermuda)
Skyward Specialty Insurance Group, Inc. has commuted the Loss Portfolio Transfer and Adverse Development and Retrocession Agreement (LPT) with R&Q Re (Bermuda) Ltd. (R&Q) relating
February 7, 2025
Major Losses
Allstate expects $900m in reinsurance recoveries from LA wildfires
U.S. primary insurer Allstate has estimated that its gross losses from the Los Angeles, California wildfires will be $2 billion, and after reinsurance recoveries of
February 6, 2025
Major Losses
Hannover Re LA wildfire loss of €500m-€700m will exceed Q1 large loss budget: CEO Henchoz
Jean-Jacques Henchoz, Chief Executive Officer (CEO) of large European reinsurer Hannover Re, said this morning that an industry loss of between $30 billion and $40
February 6, 2025
Company Updates
The Allstate Corporation announces availability of fourth quarter 2024 results
NORTHBROOK, Ill., Feb. 5, 2025 – The Allstate Corporation (NYSE: ALL) has filed a Form 8-K reporting its financial results… The post The Allstate Corporation
February 5, 2025
Embroker launches new Risk Profile for tech companies
We’re excited to announce the release of Embroker’s Risk Profile, a smart tool that helps you understand exactly what risks your business faces — and
February 5, 2025
Major Losses
SCOR sees LA wildfire impact as manageable at roughly quarterly cat budget for Q1: Conoscente
Jean-Paul Conoscente, CEO of P&C at SCOR, one of Europe’s big four reinsurers, said today that the impact of the Los Angeles wildfires should be
February 4, 2025
Company Updates
Allstate to sell Group Health business to Nationwide
NORTHBROOK, Ill., Jan. 30, 2025 – The Allstate Corporation (NYSE: ALL) announced a definitive agreement to sell its Group Health… The post Allstate to sell
January 30, 2025
Major Losses
No market hysteria but LA wildfire loss could temper reinsurance rate reductions seen at Jan 1: MMC
Executives at global broking group Marsh McLennan (MMC) said today that although it’s too early to tell exactly what impact the recent Los Angeles, California
January 30, 2025
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