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CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PEILS, has released its fifth and final industry loss estimate for the ice storm that affected Ontario and Quebec from March 28 to 31, 2025, reducing losses to C$466 million. Southern Ontario and southern Quebec experienced prolonged periods of winter precipitation, with parts of…

Guy Carpenter, brokerage arm of Marsh Re, reported that reinsurance renewals in Asia and India continued to be weak on April 1, 2026, as the ongoing conflict in the Middle East could lead to significant losses in various specialty businesses. The reinsurance broker highlighted significant price declines in key 1.4 renewal regions in Asia and…

Banyan Risk Services Ltd. is a subsidiary of Bermuda-based specialist insurance managing general agent (MGA) Banyan Risk Ltd., licensed as an underwriter by Lloyd’s of London. Through this partnership, the company gains unparalleled access to the broad capacity of the Lloyd’s market through SiriusPoint’s Syndicate 1945, which will be complemented by domestic insurers in Banyan…

Canada Life, an insurance and financial services company, has completed a £40 million takeover of the Financial Services Sector Pension Plan. According to the announcement, the deal secures the future benefits of more than 80 pensioners and 60 deferred members. In connection with the transaction, Hymans Robertson served as lead broker on the transaction and…

Accelerant is a data-led risk exchange platform that connects specialty insurance companies with capital partners through the Accelerant Risk Exchange. Following a previously announced leadership transition, the platform has appointed Linda S. Huber as chief financial officer. Linda S. Huber has extensive experience in financial services, including nearly two decades as chief financial officer of…

Acrisure UK Broking has expanded its reach with the acquisition of four businesses: London-based managing general agent Confidas, as well as established brokers Heathwoods Insurance & Financial Services, Marrs Insurance Brokers and Smith Greenfield Services. According to Acrisure, the companies have decades of collective expertise, long-standing client relationships and strong reputations in their respective markets…

Despite strong 2025 results for Europe’s four major insurers, Allianz, AXA, Generali and Zurich, Moody’s Ratings warned that their growth momentum could slow as key growth drivers fade and geopolitical and economic risks start to impact earnings. The peer group reported consolidated net profit of 32 billion euros in 2025, an average year-on-year increase of…

Arrowhead Programs, part of Arrowhead Intermediaries, has established a dedicated leadership function to oversee portfolio strategy at a broader level. Brandon Schall has been named chief portfolio officer and will be responsible for setting the strategic direction of the company’s portfolio. His focus will include strengthening partnerships with insurers and ensuring consistent alignment between underwriting…

Global brokerage Brokerslink has announced board changes involving representatives of shareholder The Ardonagh Group. Ardonagh Group has appointed James Kalbassi as its new representative to the Brokerslink board. Kalbassi has over thirty years of experience in the insurance broking industry and currently serves as Executive Chairman of Price Forbes, part of the Ardonagh Group. The…

Specialty insurance and reinsurance brokerage Price Forbes has strengthened its Singapore team with the appointment of Rajiv Ramakrishnan as head of accident and health (A&H). He will report directly to Dick Heath, Head of Reinsurance and Wholesale, and will assume responsibilities immediately. In this role, Rajiv will drive the growth of Price Forbes’ A&H services…