The wildfires in California at the start of 2025 are a reminder that reinsurers continue to face high annual losses from natural catastrophes. Source: Mario Tama /Getty Images. The reinsurance industry will continue to be profitable even though prices fell at the Jan. 1 renewals, according to brokers. Global property-catastrophe rates on line, which are premiums as a percentage...
READArthur J. Gallagher & Co.'s pending $13.45 billion acquisition of fellow US insurance broker AssuredPartners Inc. will not stymie Gallagher's pursuit of smaller deals, even in the short term, according to top executives. "We are going to continue on. We announced acquisitions last week," J. Patrick Gallagher Jr., Gallagher's chairman and CEO, told analysts on a deal call. "Our ...
READAviva PLC's proposal to buy fellow UK insurer Direct Line Insurance Group PLC at 275 pence per share, if it goes ahead, would be positive for both companies, according to analysts. In a joint statement Dec. 6, the two insurers said they had reached a preliminary agreement for Aviva to acquire Direct Line for 129.7 pence per Direct Line share in cash, 0.2867 Aviva share for each...
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