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

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

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

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

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

Heritage Insurance, a super-regional P&C insurance holding company, has said that it expects to incur pre-tax, net current accident quarter catastrophe losses from the Los

According to WTW’s latest Natural Catastrophe Review, the insurance protection gap for natural catastrophes is estimated to stand at 60%, as global insured losses surpassed

Executives at Bermuda-based reinsurer RenaissanceRe (RenRe) said today that the scale of industry loss from the recent California wildfires will affect reinsurance supply and demand,

During insurer Chubb Limited’s fourth-quarter 2024 earnings call, Chairman and CEO Evan Greenberg confirmed that the company expects $1.5 billion in net pre-tax losses from