Property
Arch positive on growth despite headwinds: Papadopoulo
Chief executive says ‘plenty of profitable opportunities remain’ amid tighter capacity and trade wars
Iberian power outage losses pegged at up to €300m
Morningstar DBRS expects financial losses related to insurance claims from Iberian Peninsula electricity outage will be manageable
Georgia signs insurance reform bills into law
APCIA applauds bills that limit third-party litigation funding and attempt to restrain damage awards
Aspen earnings fall as carrier gears up for IPO
Bermuda-based re/insurer reports profits halved in the first quarter of the year as combined ratio climbs 9.5 points to 96.1%
Arch profits fall 28% in Q1 amid wildfire losses
Bermuda-based carrier books quarterly combined ratio of 90.1% as wildfire losses surpass $540m
Aspen targets $2.85bn valuation in IPO
Bermuda-based carrier launches initial public offering on New York Stock Exchange
Hurricanes and earthquakes could push insured losses to $300bn in peak year: Swiss Re
While secondary perils such as wildfires and floods are expected to drive insured losses to $145bn in 2025, primary perils remain the greatest threat
Ferma backs EU proposal for natural catastrophe reinsurance scheme
Federation of European Risk Management Associations calls for a ‘structured, continuous consultation process’ on Eiopa and ECB’s public-private reinsurance scheme
Progressive to increase workforce by 18% in 2025
US insurer will add 12,000 roles to support continued growth
Beazley premiums climb 2% in softening market
Cyber premiums fall 2% in the quarter as rates slide 8% in ‘competitive’ market
Colorado weighs creation of state fire reinsurance programme
State House of Representatives has passed bill creating wildfire reinsurer and home grant scheme
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