Tag: Insurance industry
California homeowners to fund 50% of high-risk insurer’s $1B bailout
California Homeowners to Contribute to 50% of High-Risk Insurer's $1B BailoutThe devastation of the Eaton Fire in Altadena on Jan. 8, 2025, serves as a stark reminder of the ongoing wildfire crisis in Southern...
Major partnership launches earthquake insurance facility
Breaking News: New Commercial Earthquake Insurance Facility Launched Through Major PartnershipEmerald Bay Risk Solutions and Arrowhead have joined forces to introduce a groundbreaking commercial earthquake insurance facility known as Arrowhead EQ DIC. This innovative...
Flasinski to assume Gallagher Re North America CEO role June 1
New CEO Brian Flasinski Takes the Helm at Gallagher Re North AmericaIn a recent announcement, Brian Flasinski is set to assume the role of CEO at Gallagher Re North America starting June 1. This...
What’s driving global reinsurance growth?
Global Reinsurance Market Sees 12% Growth in 2023In 2023, the global reinsurance market experienced a remarkable 12% increase in capacity, reaching $729 billion, as reported by Gallagher Re. This growth was primarily driven by...