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Property

 

 

Perils pegs Australia east coast severe storm losses at A$1.1bn

The severe convective storm largely affected Queensland, New South Wales and Victoria in late October and early November

Australia Losses

Acrisure acquires MGA Vave from Canopius

Vave focuses on catastrophe-exposed excess and surplus US property risks

United States Mergers and Acquisitions

Generali Switzerland revamps leadership team

Executive changes follow the separation of Generali Switzerland’s life and non-life business

Switzerland People moves

Getting insurance values right for manufacturing and infrastructure assets

In manufacturing and infrastructure, the question of what counts as a building is less straightforward than it seems – and is fundamental to effective risk management

United Kingdom Property

Chubb names Shead head of property for Overseas General Insurance

Shead most recently served as Chubb Overseas General Insurance’s head of fire

International People moves

Ageas to take full ownership of AG Insurance

International group to acquire outstanding 25% in Belgian subsidiary

Europe Mergers and Acquisitions

Jamaican parametric protection extended to households

CCRIF SPC’s new parametric insurance product aims to safeguard vulnerable communities after storms, hurricanes and extreme rainfall events

Jamaica Climate change

Santam syndicate approved for launch

Syndicate 1918 granted final approval from Lloyd’s to underwrite business incepting January 1, 2026

London Lloyds

Turk warns Lloyd’s participants not to accelerate soft market

Managing agents need to manage the ‘inevitable slide towards the softest part of the cycle’, chief of market performance says

London Lloyds

Pool Re targets SME return to terrorism cover

Redesigned reinsurance scheme has seen more than £500m of terrorism risk returned to the private market in 2025, Pool Re chief executive says

United Kingdom Terrorism

Beazley targets $400m premium with new Bermuda platform

Chief executive says Bermuda operation will provide access to ‘new pools of risk’

North America London

London D&F market to continue downward slide as ‘discipline weakens’

Terms and conditions and rate adequacy in focus as competition heats up in volatile class, market participants say

London Property
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