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AI-native specialty insurance platform, Ledgebrook, has successfully raised $200 million in primary equity financing, co-led by Allianz X and Rockefeller Capital Management, and has also agreed a multi-year reinsurance agreement with Allianz Re. This $200 million in primary equity financing follows numerous funding rounds for Ledgebrook, which started in August 2022 with $4.2 million in…
CRESTA, an independent insurance industry organisation responsible for maintaining a global standard for risk accumulation zones, has published its 2026 zoning update, covering 140 countries. The organisation said the latest release incorporates updates to 4,863 low-resolution zones and 247,203 high-resolution zones. The changes follow consultation with the insurance industry and are intended to retain the…
The Texas Windstorm Insurance Association (TWIA) is forecasting a roughly 10% reduction in its reinsurance and catastrophe bond needs for 2027, as its Catastrophe Reserve Trust Fund (CRTF) is projected to grow from $25 million this year to as much as $350 million ahead of the renewals. The association is also forecasting a 2027 risk…
I’m on a bit of a pumpkin kick at the moment. Not only does it make my protein puddings more moist, but it also changed my banana bread for the better. But come on – what is Romeo without Juliet, the Traitors without Claudia Winkleman, or pumpkin without its special seasonal spice? We’ve written before…
I love my Always Pan, don’t get me wrong – it’s so pretty and I’m obsessed with the matching lid and slot-on spoon. I even love that it comes with a steaming basket so you can make noodles, pasta, and veggies in it. Really, the only thing I don’t love about it is the fact…
The London Market Group’s (LMG) Data Council, the governing body representing London market brokers, underwriters, and Lloyd’s that sets data standards for market modernisation, has updated the Core Data Record (CDR) to introduce First Notification of Loss (FNOL) claims data, establishing the market’s first direct digital link between claims and placing contract information. The CDR,…
While most cancers occur in older people, statistics are consistently showing that in places like the UK and US, more people are being diagnosed before 50. According to a new analysis by the World Cancer Research Fund (WCRF), more new cases are being diagnosed among those younger than 50 for several site-specific cancers. The analysis…
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…
On the latest episode of Ant and Dec’s Beltabox podcast, the presenting duo were taken aback by an email from one listener. In it, the fan suggested that the iconic drumbeat in the I’m A Celebrity, Get Me Out Of Here theme song bears a striking resemblance to the 1994 song Tonight I’m Free (Cool…
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…