US primary insurer Travelers has raised the retention limit of its catastrophe excess-of-loss (XoL) reinsurance treaty for 2025 by $500 million. The 2025 treaty, which covers the accumulation of ...

A consumer lobby group is calling for a funding restructure of the federal government's cyclone reinsurance pool, which was established in 2022 to lower premiums in Australia's north. Living in ...

A global market research company has predicted the continual expansion of the global reinsurance market, in keeping with its recent steady growth. Market Research Future said the market size of ...

California’s insurance framework may struggle to adequately address coverage needs for wildfires in Los Angeles, creating potential coverage gaps while leaving reinsurance companies largely ...

The California Fair Plan (CFP) has confirmed its reinsurance programme attaches at $900mn, with an exhaustion point of $5.78bn and varying levels of part-placement. The market is watching the ...

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Due to a road traffic collision involving an articulated lorry leaving the road, the A30 in Chard is closed in both directions between the Whitestaunton/Northay turn-off (Chard) and James Lane ...

Furnham Road, the main road into Chard, has two sets of works with drivers complaining about "long delays". Wales & West Utilities is continuing a £415k upgrade of the gas pipes and Wessex Water ...

The U.S. Federal Emergency Management Agency (FEMA) transferred $757.835 million of the NFIP’s financial risk to the private reinsurance market at its renewal for a total premium of $139.9 million, as ...

A stretch of the A30 near Chard is closed in both directions this morning (January 16) after a lorry crashed and went off the road overnight. The incident happened shortly before midnight ...

ALTADENA, Calif.—A little-noticed rule change last year by California’s insurance regulator will likely shift a large chunk of the cost of the Los Angeles wildfires to homeowners across the ...

Syndicates’ exposure to the Los Angeles wildfires will be mainly through reinsurance streams due to the reduction in Lloyd’s direct exposure to property damage, BI and liability coverage ...