Travelers and AIG lead the London and US placements for the primary layer of Vistra Corp’s energy property cover, which could face a $500mn loss after a fire last week at its Moss Landing facility, The Insurer can reveal.

The Hughes Fire, which set off near Castaic Lake on Wednesday, has burned through 10,176 acres and the Sepulveda Fire, which started on Thursday morning, has burned through 45 acres – resulting in over 31,000 under mandatory evacuation orders and another 20,000 under evacuation warnings across Bel-Air and Brentwood.

Old Republic’s consolidated combined ratio for the fourth quarter of 2024 improved by 60 basis points year on year to 92.7 percent while its operating earnings for the period came in comfortably ahead of analysts’ consensus forecast.

North Carolina insurance commissioner Mike Causey has announced a resolution to the legal dispute between the state's insurance department and insurers over a proposed homeowners insurance rate increase.

WTW has extended its Investment Management Insurance Plus product, which addresses the specific needs of asset managers, to clients in the US after its initial launch in Canada and the UK.

Former PartnerRe president and CEO Emmanuel Clarke has been named CEO of global specialty lines at Intact Financial Corporation, with the executive set to replace the long-serving Michael Miller upon his retirement at the end of March.

President Donald Trump's executive order to withdraw the US from the Paris Agreement is unlikely to impact market conditions for renewable energy insurance, although there may be some short-term uncertainty around project financing.

New York Governor Kathy Hochul has introduced measures aimed at stabilising the city’s taxi and rideshare insurance market, following the insolvency of its largest provider American Transit Insurance Company (ATIC).

Travelers reported a core income per diluted share of $9.15 for the fourth quarter of 2024, well ahead of consensus of $6.63.

Total North American agent and broker M&A deal flow dropped 10 percent last year to 750 announced transactions, Optis Partners has reported, as attention shifted from volume to large-scale M&A, with further activity expected in the next 12-24 months after a trio of landmark deals.