Potential $200bn catastrophe loss year in 2025 could recalibrate entire industry: Zaffino, AIG
With the recent California wildfires seen as likely to drive the second most costly first-quarter on record for the global,.. Read More
personal Insurance
AIG improves aggregate cover, expects fee income from new sidecar syndicate: CEO Zaffino
At the January 2025 reinsurance renewals, AIG improved the terms of its aggregate catastrophe reinsurance protection, lowering the deductible in,.. Read More
Cyber cat bonds and ILS may become narrower in coverage scope: CyberCube
Since their introduction to the market in 2023, there’s now been 10 cyber cat bonds, and CyberCube, the cyber risk,.. Read More
Cat bond outlook positive, despite distortion seen in index deals: Man Group
Investment manager Man Group’s outlook for the catastrophe bond and related insurance-linked securities (ILS) market remains positive as the industry,.. Read More
Florida Asphalt Shingle Ban | Property Insurance Coverage Law Blog
Florida’s Insurance Commissioner suggested banning asphalt shingles due to durability concerns, but the roofing industry argues against it.,.. Read More
Africa Specialty Risks appoints Sylvain Coutu to lead its Parametric division
Africa Specialty Risks (ASR), a pan-African-focused reinsurance group, has announced that it has appointed insurance veteran Sylvain Coutu as Head,.. Read More
Mercury pegs wildfire losses at $1.6bn to $2bn, says parametric reinsurance won't respond
Mercury, an insurer with a meaningful exposure to claims from the Los Angeles, California wildfires, said it estimates gross losses,.. Read More
NFIP hurricane Helene loss estimate range stretched higher to top-end of $7.4bn
The U.S. Federal Emergency Management Agency’s (FEMA) has updated its estimate for National Flood Insurance Program (NFIP) losses from hurricane,.. Read More
Suncorp looking to reinsurance "alternatives" for next renewal
Australian primary insurance giant Suncorp Group is assessing “alternative” reinsurance structures for its next renewal at the mid-year, as the,.. Read More
What to Expect after a California Wildfire Property Damage Event | Property Insurance Coverage Law Blog
February 11, 2025 Will My Insurer Pay Me 100% of My Contents Claim After a Wildfire Loss? California’s Insurance Commissioner,.. Read More
Head of PCS Global Strategy and Growth Alex Mican to depart Verisk
Artemis has learned that Alex Mican, the Head of PCS Global Strategy and Growth at Verisk Claims, is departing the,.. Read More
Roofers Respond to Possible Shingle Ban Arguing Like a Property Damage Lawyer | Property Insurance Coverage Law Blog
February 12, 2025 Florida’s Insurance Commissioner, Mike Yaworsky, is not only going to hear from property damage attorneys about oversight,.. Read More
