Property catastrophe reinsurance market faces first real test since the 2023 market reset, rating agency warns

Severe convective storms remained biggest insured-loss driver in the period

Forecaster now expects four hurricanes, down from five in July

Ben Allen to focus on resilience and partnerships, and says opponent’s single-payer plan would put state finances at risk

US House of Representatives passed forest management bill last year, but measure languishes in Senate

At least 850 structures in the area have suffered fire damage as a result of the blazes

The group’s combined ratio in its P&C reinsurance segment shaved off 5 percentage points to 67.9%

Emea contributed $264m to the Swiss insurer’s property and casualty GWP of $29.9bn

‘Abundant capacity and heathy competition’ continued to drive price reductions in most markets for property, casualty and cyber, Aon says

Specialty and P&C re/insurer produced insurance contract written premiums of $2.66bn

The reinsurance giant’s P&C Re segment reported net income of $1.4bn in the first half

Reserve includes around $40m for London market specialty exposure, with the rest for reinsurance losses