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Swiss Re targets $150mn of Matterhorn Re cat bond coverage
The reinsurer is seeking annual aggregate cover against earthquakes and second-event named storms.
Abbie Day
,
09 January 2025
GeoVera targets $275mn of Veraison Re quake limit over two tranches
The sponsor has expanded its target deal size compared with a year ago.
Liz Bury
,
09 January 2025
Security National’s debut Canada quake and SCS bond prices down 17%
The first cat bond deal from the carrier achieved its target size of C$150mn.
Liz Bury
,
09 January 2025
California Fair Plan Pacific Palisades exposure at ~$6bn
Six wildfires are now burning in SoCal, with the Palisades fire being the largest.
Rachel Dalton
,
09 January 2025
Two more fires hit Los Angeles as 130,000 people evacuated
Six fires now cover more than 27,000 acres across Southern California.
Abbie Day
,
09 January 2025
Munich Re pegs insured nat cat loss bill at $140bn in 2024
Hurricane Milton resulted in the largest insured loss of the year at $25bn.
Rebecca Perkins
,
09 January 2025
Everest’s Andrade leaves for president and CEO role at USAA
He succeeds Wayne Peacock, who retires this year after four years of service.
Kyoung-son Song
,
08 January 2025
Everest Group appoints Williamson acting CEO as Andrade departs
Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
Kyoung-son Song
,
08 January 2025
California declares state of emergency, gets federal aid for Los Angeles wildfires
The fast-moving blazes have prompted evacuations across the city.
Clark Mindock
,
08 January 2025
Lloyd’s CEO Neal to become Aon’s global reinsurance CEO
The move means Lloyd’s will have a new chairman and a new CEO in the same year.
Adam McNestrie
,
08 January 2025
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