PERILS cuts loss estimate for Queensland and New South Wales storms to AUD 2.943bn
PERILS, the Zurich-based independent provider of catastrophe insurance market data, has released its third industry loss estimate related to the severe convective storms that hit Queensland and New South Wales from 21 to 27 November 2025. PERILS reports that the latest industry loss estimate is A$2.943 billion, which is essentially the same as the A$2.950…
GIC Re’s FY’25 gross premium income up almost 7%
Indian public sector reinsurer General Insurance Corporation of India (GIC Re) reported a nearly 7% rise in gross premium income at Rs 44,006.74 crore for the financial year ended March 31, 2026 (FY’25) as compared to Rs 41,153.95 crore for the financial year ended March 31, 2025 (FY’24). The reinsurer’s net premiums grew to Rs…
Safepoint looks to raise up to $283 million through IPO
Safepoint Holdings has launched a new initial public offering (IPO) aimed at raising up to $283 million through the issuance of 16,666,667 common shares at an expected price of $15.00 to $17.00 per share. This includes 6,242,317 shares of the company’s common stock, par value $0.01 per share, and an additional 10,424,350 shares of common…
SiriusPoint names Paul Beattie and Ed Winter as Heads of new Crisis Solutions platform
SiriusPoint, a specialist insurer and reinsurer, has appointed Paul Beattie and Ed Winter as co-heads of the newly created Crisis Solutions business category of its London market specialist division. The new team will initially focus on war, political violence and terrorism risks to meet growing protection needs in an increasingly complex geopolitical environment. The issue…
Weak cyber hygiene among smaller businesses exposes protection gap: KYND
Ben Duffy, vice president and head of North America at KYND, said small businesses exhibit widespread weaknesses in cyber hygiene, including a lack of basic email security protections, highlighting cyber exposure and a critical opportunity for insurers to support increased resiliency. Cyber ​​risk intelligence provider KYND released research based on 7,980 small and medium-sized businesses…
Addresscloud adds Skyblu’s high-resolution European wildfire model
UK geocoding and property intelligence specialist Addresscloud has adopted a high-resolution pan-European wildfire risk model developed by artificial intelligence solutions provider Skyblu. Skyblu’s new high-resolution model provides risk scores across Europe at 20 meter resolution, providing greater granularity than traditional datasets. The move comes as insurers prepare for another summer with high wildfire risk across…
Rokstone Agriculture Farm & Ranch appoints Jessica Rusnak as Senior Underwriter
Rokstone Agriculture, part of international specialty reinsurance MGA Rokstone, announces the appointment of Jessica Rusnak as senior farm and ranch underwriter. In her new role, Rusnak will focus on driving new opportunities, improving efficiencies and quality in both matriculated and non-matriculated programs, and leveraging the advanced technology and data-driven capabilities of the Rokstone ATOMX ecosystem…
Property cat pricing trending down mid-teens at mid-year renewals: BMO Capital Markets
BMO Capital Markets said property catastrophe reinsurance pricing is trending downward and meets or exceeds market expectations at mid-2026 renewals. The company also expects prices to remain under pressure if reinsurance losses do not reach $100 billion or more. Unlike previous weak market cycles, BMO analysts noted that average buyer loss retention levels – the…
KatRisk to join Verisk Model Exchange to broaden catastrophe risk modelling access
Verisk, a strategic data analytics and technology partner to the global insurance industry, announced that KatRisk has agreed to join the Verisk Model Exchange as Verisk continues to develop its open catastrophe risk modeling ecosystem. Verisk said the move is intended to increase insurers and reinsurers’ access to third-party catastrophe risk insights, as climate-related disasters…
Christian Hoffman named Aon’s global CEO of Commercial Risk
Global reinsurance broker and risk advisor Aon has announced the appointment of Christian Hoffman as global CEO of Commercial Risk, effective June 1. Hoffman will leverage his 25 years of experience as a broker and underwriter in the insurance and financial services industries to lead Aon’s global commercial risk business. He is tasked with advancing…
