Category: News

CatIQ, a Toronto-based independent provider of industry-wide catastrophe insurance data and a subsidiary of PERILS, has released updated insured loss estimates for two severe weather events that hit Canada in June 2026, while also confirming final loss estimates for the flooding that affected Toronto and surrounding areas on July 15-16, 2024. Severe storms that swept…

Nadine Moore joins global specialty and property insurance and reinsurance company Canopius Group from consulting firm Boston Consulting Group as CEO of its U.S. operations to accelerate growth. Based in Chicago, Moore will lead the airline’s US operations from September this year and will join the group leadership team, reporting to group chief executive Neil…

Barbados-based secondary insurance and reinsurance company Seychelles Re Global Limited (SeyRe Global) has announced the promotion of Shahina Chattun to Chief Financial Officer (CFO). Chattun has extensive experience in auditing, accounting, corporate finance, tax compliance and IFRS reporting. She joins SeyRe Global from Dream Yacht Charter as Group Accounting Manager. Prior to this, she held…

AM Best, a global credit rating agency and information provider specializing in the insurance industry, has confirmed the stable outlook for the global cyber insurance sector in its latest market segmentation report, Segment Outlook: Global Cyber ​​Insurance. The rating agency’s assessment reflects continued demand for cyber insurance despite a soft pricing environment, as well as…

Arch Insurance International, part of Arch Capital Group and a multi-disciplinary specialist insurance solutions provider, has promoted Sophie Law to Cyber ​​Underwriting Manager, effective immediately. In his new role, Law is based in London and reports to James Barrett, head of networks and healthcare. She will oversee underwriting activities across the entire cyber portfolio, covering…

Guy Carpenter’s Jennifer Paretchan recently told Reinsurance News that the growth in alternative capital is providing buyers with greater flexibility to build diversified reinsurance programs, with cedants increasingly seeking partners with access to traditional and alternative sources of capability. After the company released its July 2026 reinsurance renewal report, Paletchan noted that the expansion of…

Artificial intelligence security and research company Anthropic has appointed Monica Shokrai as head of commercial risk and insurance. In her new role, Shokrai will help strengthen Anthropic’s risk management and insurance posture to support safe, responsible and cutting-edge artificial intelligence research. She will work with the wider insurance industry to co-create an AI-centric future for…

Louisiana’s property and casualty (P&C) insurance market will see its first major rate cut in a decade in 2025, according to a new Triple-I report. However, the Triple-I CEO said significant headwinds remain and legal system abuse continues to be deeply embedded in the state’s claims environment, meaning continued legislative action is critical to making…

Yelhis Hernández has been appointed head of Latin America at Africa Specialty Risks (ASR), a reinsurance group focused on developing markets. In her new role in Mexico City, Hernández will be responsible for expanding ASR’s regional presence and driving its growth strategy, reporting to Chief Distribution Officer Amit Khilosia. Her responsibilities will focus on cultivating…

Stonybrook Risk Management, a licensed reinsurance intermediary and a wholly-owned subsidiary of Stonybrook Capital, has completed a parametric reinsurance transaction led by Dan Butzbaugh, global head of parametrics. While full details of the deal have not been disclosed, Stonybrook said it offers a “fast and clear” claims process with responses within days of the transaction…