Latest Smartphones, Gadgets and Startups News
Insurance
Berkshire Hathaway Specialty Insurance (BHSI), the commercial insurance arm of Berkshire Hathaway, has announced the promotion of Katharina Rütz to Head of Executive & Professional Lines in Germany. Rütz will continue to be based in Cologne and work with Dr. Carsten Keune, Head of Executive & Professional Lines, DACH at BHSI. She joined BHSI in…
RB Jones Global has announced the launch of RB Jones DIFC in the Dubai International Financial Centre (DIFC), a new specialist MGA that expands its international underwriting offering and supports clients with tailored risk solutions. The MGA will offer underwriting solutions across property and construction, as well as renewables and power generation, for clients across…
Credit rating agency AM Best has upgraded Singapore Re’s Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed its Financial Strength Rating (FSR) of A (Excellent). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR is stable. The ratings reflect…
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…
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…
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…
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…
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…
Rising anti-globalisation sentiment and softening market conditions will test reinsurers at upcoming renewals, demanding sharp operational efficiency and resilience to maintain performance, said Paul Brand, Co-founder and CEO, Convex Group, at PwC’s Executive Breakfast during the latest Rendez-Vous de Septembre in Monte Carlo. The executive also suggested that carriers with relevance, resilience and efficiency do…
Reinsurance broker Howden Re has announced the appointment of Eloise Hurley Wellington to lead Howden Re Programmes Europe. Howden Re Programmes Europe supports MGAs, programme managers, carriers and capacity providers across Europe. Previously called Bowood Europe, the business’s new name reflects its continued evolution and alignment with Howden’s established identity and capabilities across the region….