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Moody’s RMS has launched a new high-definition model of severe convective storms in North America, just as recent industry events have highlighted the urgent need for more robust and reliable risk modeling. According to the company, insured losses from severe convective storms (SCS) in the United States have exceeded $50 billion annually over the past…

Radian Group Inc., a U.S. company primarily known for mortgage insurance, has received all regulatory approvals required for its pending acquisition of Inigo Limited, a specialty insurance group underwritten through Lloyd’s of London. The transaction is expected to close in February 2026, subject to customary closing conditions. The deal would mark a major step for…

Specialty insurance provider Westfield Specialty International has announced plans to expand its business beyond Lloyd’s Specialty Vehicles into the corporate market. Westfield Specialty intends to establish a Luxembourg subsidiary and use the platform to underwrite risks on corporate notes in addition to existing underwriting capabilities within Lloyd’s Syndicate 1200, subject to regulatory approval. In the…

In its new multi-year strategy “Ambition 2030”, Munich Re Chief Financial Officer and designated Chairman of the Management Board Christoph Jurecka said the company aims to reach higher peaks in all aspects to outperform its peers at the end of the cycle. Munich Re recently said it expects its return on equity (ROE) to exceed…

Bold Penguin, a provider of digital solutions for commercial insurance, has partnered with Adaptive Insurance, a pioneer in artificial intelligence-driven insurance. The partnership brings Adaptive’s GridProtect parametric outage coverage to the Bold Penguin platform, marking the first time a parametric insurance company has been integrated into the company’s digital exchange. The company explains that this…

The International Underwriting Association (IUA), which represents insurers and reinsurers in the London market, has established a new Chief Underwriting Officers Council for the London corporate market. The newly formed group will provide leadership and direction for all IUA efforts to support its members’ underwriting operations. It will also provide input into research projects and…

Commercial property and casualty insurance company Zurich North America has announced the launch of Data Center Project Guard, a new product that expands and customizes Zurich Builders Risk insurance coverage. Billed as the first of its kind, the product is designed to address coverage gaps and unique loss drivers in data centers, a sector that…

Specialty insurance and reinsurance solutions provider AXIS has announced the appointment of Douglas Yates to its Accident & Health (A&H) team as head of US healthcare reinsurance underwriting. Yates has nearly two decades of experience in healthcare reinsurance and joins AXIS from Reinsurance Group of America (RGA), where he served as vice president and actuary….

First Connect Insurance Services, a digital platform that provides independent agents with access to top insurance companies, has exceeded $500 million in gross written premium (GWP) by 2025. This important milestone comes one year after Centana Growth Partners acquired a majority stake in the company, highlighting a year of meaningful expansion, product innovation, and expanded…

Continental Reinsurance Holdings, the African reinsurance group with operations in more than 50 countries, has officially moved its group holding company from Mauritius to the Republic of Botswana. The move, which follows the fulfillment of all regulatory, statutory and logistical obligations, marks an important milestone in the group’s expansion plans and underlines Botswana’s position as…