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CatIQ, a Toronto-domiciled organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has disclosed an elevated third industry loss estimate of CAD 491 million for the severe thunderstorm event that struck parts of southern Ontario and southern Quebec between 30 June and 3 July 2026. The firm clarified that this third estimate provides…
Karen Clark & Company (KCC) has released Version 5.0 of its US Severe Convective Storm (SCS) Model, incorporating a range of advancements aimed at further strengthening the firm’s approach to quantifying losses from one of the weather perils driving a significant share of insured property losses. “The world is getting more complex, the climate is…
Amwins, a distributor of specialty insurance products and services, has launched illumin Specialty, a managing general agency (MGA) offering primary general liability and excess liability coverage. Led by industry veteran Rebecca Gitig, illumin Specialty will reportedly focus on developing practical coverage solutions for challenging exposures across segments where market dislocation and technical complexity can make…
AmTrust Financial Services, Inc., a global specialty property casualty insurer, has launched a new subsidiary, East Reinsurance Services (East Re), a new treaty property reinsurance business unit led by Kevin Sullivan as the Head of Property Reinsurance. East Re will provide proportional treaty property reinsurance solutions across North America. The reinsurer will initially focus on…
Bay Harbor Re, a reinsurance company specialising in property and casualty business, has announced the appointment of three new team members: Kelly Skogheim (ACAS), Mya Price, and Ben Krehbiel. Skogheim joins Bay Harbor Re as Senior Actuarial Data Scientist. According to the company, Skogheim becomes its fifth team member to hold an ACAS designation and…
Milliman, Inc., a global consulting and actuarial firm, has established a new business advisory practice in the UK as it broadens the support it provides to organisations across the insurance, investment, and retirement sectors. The firm has appointed Callum Mayor and David Laird as managing directors to lead the new practice. Milliman said the appointments…
REVO Insurance, an Italian specialty non-life insurer, has launched Transfer Pricing Insurance, an insurance solution designed for multinational companies, including small and medium-sized businesses, that conduct recurring intragroup transactions. The risk management solution aims to help CFOs, directors, tax managers and auditors manage the uncertainty created by differing interpretations that may arise during transfer pricing…
Antares Global, an international specialty insurance and reinsurance group, has promoted Amelia Hinds to Class Underwriter, Specie, a London-based role. Hinds brings over 13 years of industry experience to her new position, primarily focused on Fine Art and Specie underwriting. Before joining Antares in 2021, she built her career through roles at Chubb and Canopius….
Pacific Life Re, the global reinsurance business of Pacific Life, has announced the successful execution of a $3 billion longevity reinsurance agreement with American National Insurance Company. Building on its established presence across the UK, Netherlands and Canada, this agreement marks the entry of Pacific Life Re’s Savings & Retirement business into the US market….
AM Best, the credit rating agency and provider of insurance industry research and analysis, has reported continued growth in the US title insurance market, with premiums increasing by 13% in 2025 and further gains recorded during the opening quarter of 2026. The findings come from AM Best’s Best’s Market Segment Report, US Title Industry Remains…