Three-year cover for California earthquake losses
Zurich Financial Services secured a three-year, $225m catastrophe bond to cover excess of loss on California earthquakes, Dow Jones and Bloomberg report.
The bond, thorough Lakeside Re II, has a 7.75% floating coupon, plus a variable investment yield received on the underlying assets. The offering was oversubscribed, Zurich said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
