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Property

 

 

Everest launches insurance business in Italy

The launch in Italy follows the Bermuda-based group’s recent expansion into other key international markets

Europe Casualty

AM Best raises outlook on US personal motor sector to stable

Move follows stabilisation of the sector’s underwriting results in the first half of the year

United States Casualty

Florida insurers book $5.17bn in Helene and Milton losses to date

Preliminary estimates of total economic losses from the two storms exceed $170bn

United States Property

Managing general agents are extending their reach

Firms should ‘stay resilient’ to their underwriting principles when facing a reducing rating adequacy environment, Managing General Agents' Association chief executive says

United Kingdom Distribution

Gallagher acquires THB Chile

Fast-growing US broker expands footprint in Chile with deal for retail intermediary 

Chile Property

Florida’s HCI to launch fifth operating unit

New unit part of Florida carrier's plans to triple in size 

United States Property

California commission criticises regulators for lack of transparency

It is excessively difficult to answer basic questions about California's home insurance market, the commission says

United States Property

October takeouts lower Citizens’ policy count to 1.04 million

The takeouts have reinforced the company's projections that its policy count will drop to around 907,000 at the end of the year

United States Property

Helene and Milton drive Allstate's $286m of October catastrophe losses

This includes $102m from Hurricane Milton and $144m of unfavourable reserve development tied to September's Hurricane Helene

United States Property

Climate change and extreme weather are reshaping the industry: S&P

Secondary perils like floods, wildfires, and severe convective storms are increasingly making up a larger portion of catastrophe losses

Climate change Property

Non-life premium growth to slow: Swiss Re

Economic growth will remain steady, but warnings of upside inflation risks

International Property

Four Californians arrested over alleged insurance fraud using bear costume

Men accused of staging fake bear attacks on three high-end vehicles

United States Property
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