The recent wildfires in Los Angeles could use up more than 30 per cent of the natural catastrophe budgets set by Europe’s largest reinsurers for 2025, according to Fitch Ratings
Lloyd’s London Bridge risk transformation platform has reached US$1.92 billion of deployed capital by the end of 2024, attracting US$2.55 billion of capital committed
Arch Insurance International has appointed Mike Bottle to managing director of the UK Regional Division, following the retirement of Steve Bashford as chief executive of the unit
Duncan Smith will lead the executive management team of Arch and deliver on the company’s growth plans for continental Europe through its expanding network of branch offices.
Lloyd’s CEO John Neal will be leaving in 2025 and will be joining Aon as global CEO of reinsurance and global chairman of climate solutions
The collaboration combines Aon’s industry expertise with Moody’s digital tools to deliver improved outcomes in insurance broking and risk management
The deal covers Zurich’s French discontinued motor and architects & engineers (A&E) professional indemnity portfolios
Aviva has reached an agreement to acquire Direct Line Insurance Group in a £3.7 billion (US$4.63 billion) cash-and-stock deal
