Category: Insurance

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…

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…

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…

Credit rating agency KBRA has assigned Florida’s new mutual insurance company Frontline Insurance Reciprocal Exchange (FIRE) a BBB+ Insurance Financial Strength Rating (IFSR). The rating outlook is stable. FIRE was formed to write about Florida residential real estate, focusing primarily on homeowners and fire/dwelling insurance. KBRA said the rating reflects the plan’s operating profile of…

Global insurance company Generali has launched Redion, a new brand for its global care platform, integrating the activities of Europ Assistance and Generali Employee Benefits (GEB) into a single identity and offering. Antoine Parisi, currently CEO of Generali CARE Hub, will become CEO of Redion Group. Redion has annual business volume of €5.8 billion as…

Previsico, a real-time flood forecasting insurtech company, has announced the appointment of Mark Trumper as its new chief executive officer (CEO). In this role, Trump will be responsible for leading company strategy, overseeing operational delivery and growing the business across the UK, while accelerating expansion into the US and other international markets. He succeeds Jonathan…

CyberCube, a provider of cyber risk analytics for the insurance industry, and United Insurance Brokers (UIB), the insurance and reinsurance brokerage of Lloyds International, have released a joint research report exploring the expansion of the cyber insurance market in Asia. In the report, Unlocking Asia’s cyber insurance opportunity: Brokers’ role in growth, CyberCube and UIB…

Global reinsurer Swiss Re has appointed Rafael Schneider as head of markets for the Mediterranean and Middle East, effective July 1, 2026, and expanded Thomas Rauber’s responsibilities to include Switzerland and the Netherlands, while Mira Kiridzic-Bügler’s responsibilities will include the Nordics and CIS countries, effective August 1, 2026. These appointments follow Anna Ziswiler’s move to…

Morningstar DBRS, a global credit ratings, risk analysis and financial research firm focused on banks, insurance companies and financial institutions, said the financial impact of the ongoing Middle East conflict on global property and casualty (P&C) insurers will remain limited in the first quarter of 2026, despite continued disruption across the region and the closure…

Dale Underwriting Partners, trading name of Lloyd’s Syndicate 1729 of Dale Management Agency Limited, has appointed Richard Bonnett as group underwriter to strengthen its North American casualty reinsurance business. Based in London, Bonnett will report to Peter Cordell, director of North America Casualty. Dell explained that the appointment reflects its continued investment in its casualty…