Property
Everest launches insurance business in Italy
The launch in Italy follows the Bermuda-based group’s recent expansion into other key international markets
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
Florida insurers book $5.17bn in Helene and Milton losses to date
Preliminary estimates of total economic losses from the two storms exceed $170bn
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
Gallagher acquires THB Chile
Fast-growing US broker expands footprint in Chile with deal for retail intermediary
Florida’s HCI to launch fifth operating unit
New unit part of Florida carrier's plans to triple in size
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
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
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
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
Non-life premium growth to slow: Swiss Re
Economic growth will remain steady, but warnings of upside inflation risks
Four Californians arrested over alleged insurance fraud using bear costume
Men accused of staging fake bear attacks on three high-end vehicles
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