Industry loss estimate for Saskatchewan and Manitoba severe weather reaches CAD 923m: CatIQ

CatIQ, the independent Toronto-based catastrophe insurance data provider and subsidiary of PERILS, has revised its industry loss estimate for the severe storm outbreak in Saskatchewan and Manitoba, Canada, to CAD 923 million. The updated figure, issued three months post-event, represents a notable increase from the initial 45-day assessment of CAD 850 million, with commercial property…

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Orion180 seeks to raise up to $340m in IPO

Orion180 Insurance, a founder-led, technology-focused, high-growth, high-margin specialty insurance group, has launched the roadshow for its proposed US initial public offering, seeking to raise $300 million to $340 million in gross proceeds from the sale of 20 million Class A shares priced at $15 to $17 each. The Florida-based specialty insurer could raise a further…

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Domus PTA to support DARAG’s continued expansion across Nordic region

Legacy acquirer DARAG Group has announced that it has entered into a portfolio transfer agreement (PTA) with Domus Forsikring A/S, for its entire change of ownership (Husejerskifte) and building damage (Byggeskade) portfolio in Denmark. Pending standard regulatory approvals, the transaction will allow Domus, a Danish property and casualty insurance company, to fully resolve these liabilities, exit…

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11 Waterproof Shoes And Boots For Men And Women 2026

I’m going to say something revealing here: until recently, I hadn’t really thought much about the concept of a waterproof shoe. Yeah… I’ve been braving soggy toes for my entire 27 years on this planet, but I’ve decided it’s probably time to stop. After doing a considerable amount of browsing (as you do as a…

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Oxbow Partners’ Sandilands says reinsurers must transition to ‘small big companies’

Speaking to Reinsurance News at Rendez-Vous de Septembre in Monte Carlo 2026, Chris Sandilands, Partner at Oxbow Partners, the insurance and reinsurance-focused strategy consultancy, discussed the January renewals, the state of artificial intelligence adoption across the market, and what he believes separates reinsurers building lasting advantage from those simply riding favourable conditions. On rate movements…

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Milken Institute & Marsh call for greater resilience investment as disaster losses top $200bn annually

Global disaster losses have exceeded $200 billion annually over the past decade, with uninsured losses now accounting for more than half of the total, highlighting the need for new financing structures to mobilise private capital alongside governments and insurers, according to a report by the Milken Institute, produced in partnership with Marsh. The new report…

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