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Property

 

 

Colombia quake will cause billions in insured losses

Gallagher Re estimates losses in the ‘low-to-mid single-digit billions’ of dollars range

Property Gallagher

Miller hires Vickers to lead Bermuda D&F

Wholesale broker continues Bermuda build-out with Gallagher hire

People moves Property

QBE appoints Thompson as global data centres director

Newly created role will focus on developing an integrated insurance proposition for the sector

People moves QBE

CatIQ increases Canada thunderstorm losses to C$439m

Loss aggregator’s second tally is higher than initial estimate of C$374m

Canada Losses

Aegis launches digital follow Lloyd’s consortium

Facility will provide ‘seamless digital access’ to follow capacity across property, casualty and specialty lines

Property Market Modernisation

Aspen acquisition boosts Sompo International profit

Japanese giant’s overseas division reports adjusted profit up 24% to $423m in the three months to the end of June

Property Reinsurance

LM Re parametric quake product pays out in Peru

Payout triggered by the magnitude 5.8 earthquake that struck Peru earlier this year

Property Liberty

Perils lowers Nils estimate to €695m

Storm struck parts of southern France between February 11 and 13 this year

France Property

Pelagos profits double in Q2

Former Fidelis Insurance Group returns to underwriting profit amid lower large losses and favourable reserve development

Bermuda Specialty

CatIQ pegs final Debby remnants loss estimate at C$2.8bn

Sixth estimate, issued two years after the event, stable compared to CatIQ’s one-year estimate

Property Losses

Reinsurance market at ‘inflection point’

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

Reinsurance Property

H1 insured losses hit six-year low at $42bn: Swiss Re

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

Property Reinsurance
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