Losses from the extremely damaging and costly Los Angeles, California wildfires have eroded “a good portion” of the annual deductible of Bermuda-based Lancashire’s aggregate reinsurance cover, the company has revealed. Last month, Lancashire announced estimated, aggregate net ultimate losses from the January 2025 wildfires in California of between $145 million and $165 million. The firm…
Former MLB players Octavio Dotel and Tony Blanco died after the roof of the Jet Set nightclub in Santo Domingo collapsed during a performance by merengue singer Rubby Pérez.
Accredited Insurance Holdings Inc., a specialty programme insurer, has announced a series of key senior appointments to strengthen its leadership team in the UK and Europe. Laure Kearns will join the company in July as UK Chief Underwriting Officer. She comes from Greenlight Re, where she served as Active Underwriter. Her previous experience includes roles…
President Trump is scheduled to host NATO Secretary General Mark Rutte at the White House Thursday a week after expressing his displeasure with the alliance while speaking with reporters in the Oval Office. CBS News senior White House and political correspondent Ed O’Keefe reports.
Guillermo Vieiro was 44 when he died in 1985 while descending Argentina’s Tupungato lava dome, one of the highest peaks in the Americas.
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here’s the list.
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has promoted Greg Chambers and Caitlin Alpern within its Americas Cyber Insurance team. Chambers, who has 22 years of experience and has been with AXA XL for nearly a decade as both an underwriter and broker, has been appointed Head…
US primary insurer Allstate has completed the placement of its 2025-2026 Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower by around $1.6 billion to $9.5 billion of loss, excess a $1 billion retention. At this year’s renewal, Allstate’s per occurrence excess agreements placed in the traditional reinsurance market consist of contracts providing…
The International Underwriting Association (IUA), which represents companies in the London insurance market, has announced the appointment of Chris Jones as its new Chief Executive, effective May 1st, 2025. Jones succeeds Dave Matcham, who is retiring after a 45-year career in the London Market, including 20 years as IUA Chief Executive. The appointment was confirmed…
Eleven high school students in Syracuse, New York, have turned themselves in to police after an alleged hazing incident involving the lacrosse team. The local district attorney threatened criminal charges against them for kidnapping one of the alleged victims.