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Arch estimates LA wildfire loss at $450mn-$550mn

The carrier’s reinsurance premiums ceded rose by 32% to $3.4bn in 2024.

Liz Bury, 11 February 2025
MultiStrat appoints Abdullah head of pricing

The firm said the appointment would support its ambitious growth strategy.

Jai Singh, 11 February 2025
Arcas reshapes global team with some departures and Lloyd’s-focused hires

The departures include North American Arcas head Alex Orloff.

Liz Bury, 11 February 2025
Neuberger Berman awarded $250mn mandate by Virginia Retirement System

Neuberger Berman’s AuM stood at $3.2bn as of 1 January 2025.

Jai Singh, 11 February 2025
Mereo launches, revealing Andover and Ares as investors

The start-up has achieved an A- credit rating from AM Best.

Rachel Dalton, 10 February 2025
Florida regulators reject Citizens’ 14% rate hike request, approve pared down level

Citizens approved an average 8.6% rate hike and decreases for one-fifth of policyholders.

Clark Mindock, 10 February 2025
California FAIR Plan has already paid out $700mn+ for LA wildfires

CFP has a $900mn reinsurance attachment point and is still receiving claims daily.

Clark Mindock, 10 February 2025
Pool Re retro renewal with Treasury opens up more private market opportunity

The changes follow a strategic review of the Pool Re scheme in 2022.

Samuel Casey, 10 February 2025
CEA prices $400mn cat bond above top of target range

The bond is likely replacing the 2021-1 Class F bond, which matured in December.

Abbie Day, 10 February 2025
CatIQ pegs Alberta hailstorm insured loss at C$3.25bn

The storm is likely to be one of the costliest weather events in Canadian history.

Abbie Day, 10 February 2025

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