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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….
Boston Consulting Group (BCG) analysts have said the reinsurance industry is normalising after an “exceptionally strong period” of improving pricing, robust returns, and rapid balance-sheet growth, in its new 2026 Insurance Value Creators Report. Over the five years through 2025, reinsurance generated average annual total shareholder returns (TSR) of 19.1%, but one-year TSR fell sharply…
US property and casualty (P&C) insurers have posted strong underwriting gains of $31.7 billion through the first half of 2026, up from the $11.6 billion recorded through midyear 2025, according to Verisk and the American Property Casualty Insurance Association (APCIA) data, yet line-specific and geographic challenges persist. Net written premium growth slowed to 2.1%, reflecting…
To improve its flood response capabilities and assist policyholders during natural disasters, Sompo Japan Insurance Inc., a provider of property and casualty insurance services in Japan, has partnered with ICEYE, a specialist in satellite-based disaster management solutions, to deploy its Flood Insights solution. The adoption of satellite data like ICEYE’s Flood Insights forms part of…