Content from L.S. Howard
LA Fires and U.S. Severe Convective Storms Drive Insured Losses of $107B in 2025
Insured losses from natural catastrophes will surpass $100 billion mark in 2025 for the sixth consecutive year – driven mainly by January's record Los Angeles wildfires as well as severe convective ...
AIG Gets Approval to Acquire Everest Renewals in 6 EU Countries – in Time for Jan. 1
AIG announced it has received approval to proceed with the acquisition of Everest Group's renewals in Germany, France, Italy, Netherlands, Spain and Ireland. The European Union deal is part of AIG's ...
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth
Zurich Insurance Group is continuing to expand its middle market and specialty footprint by investing heavily this year in targeted recruitment of "top-tier underwriting talent" across the company. ...
KCC Estimates Privately Insured Losses From Hurricane Melissa Will Hit $2.4 Billion
Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured damages to residential, commercial, and ...
AXA Announces Death of Its Founder Claude Bébéar at 90
AXA announced that Claude Bébéar, its founder and honorary chairman, has passed away at the age of 90. In less than one generation, Claude Bébéar transformed "a small mutual insurance company in ...
AIG Joins Private Equity Firm Onex to Acquire Convex Group
Convex Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced a new, long-term ownership structure led by private equity firm Onex Corp., with American International Group becoming ...
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
Hurricane Melissa made landfall in Jamaica as a powerful category 5 storm — a record for the Caribbean island nation — which brought storm surge, torrential rain, strong winds and massive ...
An Unsustainable Trend – Declining P/C Rates and Rising Cost of Risk: Marsh’s Doyle
Property/casualty prices are declining, while the cost of risk continues to rise – a trend that is unsustainable over time, according to John Doyle, president and chief executive officer of Marsh ...