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State Farm’s California subsidiary put on negative credit watch by S&P
State Farm General has asked California regulators for an emergency rate increase.
Clark Mindock
,
27 February 2025
RenRe’s third-party capital AuM stood at $7.81bn as of 1 January
There was a slight increase in DaVinci and Fontana from 31 December 2024 to 1 January 2025.
Jai Singh
,
27 February 2025
Hiscox Re & ILS AuM falls by 13% to $1.4bn year over year
The firm reported record fee income of $128.2mn in 2024, up 26%.
Jai Singh
,
27 February 2025
Milton was $45mn net retention event: Universal CFO Wilcox
Comments came as universal reported a 4.2 CoR jump to 107.9% in Q4.
Clark Mindock
,
26 February 2025
Twia to target $1.73bn of reinsurance for 2025 wind season
The state-backed carrier has $2.1bn of Alamo Re cat bond coverage.
Jai Singh
,
26 February 2025
Munich Re estimates CA wildfire claims outlay at $1.3bn
Hurricane Milton accounted for 60% of the firm’s Q4 large loss tally.
Jai Singh
,
26 February 2025
EUR1.2bn LA wildfire loss won’t impact 2025 EUR6bn target: Munich Re
The carrier expects the market loss to land at $35bn-40bn.
Rebecca Perkins
,
26 February 2025
State Farm pegs LA wildfire direct losses at $7.6bn
The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
Abbie Day
,
26 February 2025
WR Berkley expands Lifson Re to $418mn of equity
The firm ceded $417mn of premiums to the sidecar in 2024.
Liz Bury
,
25 February 2025
Elementum’s Njord seeks to exploit cat bond market’s US wind concentration
UCITS fund diversification targets limit their capacity for US wind bonds.
Liz Bury
,
25 February 2025
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