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CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, announced that insured losses from catastrophe events across Canada in 2025 will total $2.4 billion. According to the Institute for Catastrophe Loss Reduction (ICLR), uninsured losses reached another $1 billion, bringing total losses to society for the year to $3.4 billion. The…
Altea Insurance (Altea), a multi-category, multi-year managing general agent (MGA) focused on the healthcare and medical sectors, announced the appointment of Chloe Archer as underwriter. In his new role, Archer will be based in London and report directly to Altea CEO Carly Matson. She has nearly a decade of industry experience in underwriting and brokerage,…
Moody’s is concerned about the outlook for property and casualty reinsurance in that year if the recent trend of lower interest rates and progressive softening of terms and conditions continues into 2027, TD Cowen reported after a recent conference call with the ratings agency. On January 16, 2026, TD Cowen hosted a conference call regarding…
Bermuda-headquartered Everest Group has strengthened its global wholesale and specialty platform, with Michael Cellura and Trevor Gallagher taking on new roles in its temporary and hybrid reinsurance businesses. Cellura, who joined the reinsurer in 2022, has been appointed head of Everest’s temporary and hybrid reinsurance division. In his new role, Cellura oversees the company’s global…
Zurich Resilience Solutions (ZRS), a division of Zurich Insurance, announced the establishment of a dedicated data center risk consulting practice, composed of more than 100 engineers, focused on risk prevention and mitigation throughout the data center life cycle, especially for hyperscale and artificial intelligence-driven facilities. The formation of this practice significantly expands ZRS’ existing expertise…
U.S. property and casualty (P&C) premium growth and profitability are slowing as the market enters 2026, following an unusually strong 2025 that marked a “cyclical peak” in underwriting performance, according to a new report from Swiss Re Research Institute. “We expect the U.S. property and casualty insurance industry’s ROE to reach 15% in 2025, driven…
Helios Underwriting, a provider of limited liability direct investments to the specialist Lloyd’s insurance and reinsurance market, expects managed capacity in the Lloyd’s syndicate portfolio to reach £467 million in the year of accounting (YOA) 2026, down almost 5% from £491 million in 2025. Helios noted that while overall capacity is expected to fall year-on-year,…
Specialty re/insurer AXIS Capital Holdings Limited has released new research exploring how artificial intelligence (AI) is reshaping the risk environment, based on the perspectives of CEOs and Chief Information Security Officers. In commissioning the research, AXIS Capital surveyed 500 CEOs and CISOs in the US and UK and found clear contrasts in how senior leaders…
HDI Global SE, an international insurer specializing in commercial and industrial clients, announces the appointment of Fraser Galbraith as senior engineering underwriter based in Dubai. Galbraith brings more than 12 years of engineering experience to his new role. Prior to joining HDI Global, he served as a Senior Construction Risk Engineer at Chubb. Prior to…
Professional services firm Aon has released its latest Climate and Disaster Insights The report explains how severe convective storms have surpassed tropical cyclones as the most expensive insured disaster of the 21st century. The report draws on Aon’s global data, analytics and catastrophe modeling expertise to explain how the increasing frequency of high-impact weather events…