Headlines
Global mergers and acquisitions activity attained historic highs in 2021 with 1047 deals valued at more than $100 million, a significant increase from 2020.
Insured losses of $44 billion from COVID-19 so far represent the third-largest cost to insurers of any catastrophe, behind Hurricane Katrina and 9/11.
Most general and excess liability insurance buyers paid more for their coverage at year-end renewals, but the rate of increases was lower than the sharp pricing spikes.
Reinsurance renewal rates fluctuated widely at Jan.1 renewals, with catastrophe losses and a constrained retrocessional reinsurance market driving property rates higher.
Investigators looking for the cause of the Colorado wildfire that destroyed nearly 1,000 homes have narrowed their search to a neighborhood outside Boulder.
With nearly 1,000 structures destroyed, catastrophe modeling firm KCC estimates the insured loss from the recent Colorado wildfire could be $1 billion.
