Bermuda re/insurers incur $1.34tn in global gross claims over a decade: BMA

The Bermudian commercial insurance and reinsurance sector incurred USD 1.34 trillion in gross claims costs to policyholders and cedants globally between 2016 and 2025, underscoring the island’s role in supporting policyholders in advanced and emerging markets outside the US and Europe. Data drawn from Bermuda Monetary Authority (BMA) statutory filings and periodic claims surveys, reveals…

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Record $800bn reinsurance capital offers insurers growth opportunities heading into 1.1: Aon

With global reinsurance capital climbing to a record $800 billion, insurers heading into the 1 January 2027 renewals have an exceptional opportunity to move from a defensive balance sheet management to strategic expansion. According to Aon’s recently launched Snapshot Guide to the Reinsurance Renewal report, this capital pool, which also includes record $144.5 billion of…

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ICEYE & The Water Institute partner to advance predictive flood intelligence

ICEYE, a company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, has partnered with The Water Institute to bring predictive flood intelligence platform FloodID, and its core development team to ICEYE. Built on Amazon Web Services via an Amazon grant, FloodID blends physics-based hydrologic modelling, machine learning, Earth observation data, and cloud…

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Lockton welcomes two new leaders to its Alternative Risk Solutions practice

Lockton has strengthened its Alternative Risk Solutions (ARS) practice with the appointments of Alejandro Reyes to Lockton ARS as Analytics and Innovation Leader, and Owen Meaney as US Parametric Leader. In his new position, Reyes will focus on helping clients optimise their risk financing strategies through data-driven insights and innovative solutions. The executive brings over…

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Post & Co to commence underwriting as part of Rokstone following regulatory approval

Post & Co, a specialist marine and logistics managing general agent (MGA), has received regulatory approval to begin writing business as part of Rokstone, an international specialty re/insurance MGA. Aventum, Rokstone’s parent company, originally announced the acquisition of Post & Co – considered one of continental Europe’s most established marine underwriting businesses – back in…

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