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The start-up aims to bind its first risk in Q4 2025.
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In the US, the index fell 6.7% year on year.
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Emilie Hungenberg joins the carrier from Aspen.
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Despite predicting fewer hurricanes, the numbers are still above average.
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Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
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Rates continue to drop as capacity is ample, the broker said.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The managing agency is offering 62p per £1 for 2026 YoA capacity.
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The soft market continued through H1 2025, especially on shared programs.