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Zurich-based catastrophe insurance data provider PERILS has provided the first insurance industry loss estimate for the severe convective storm (SCS) that hit Australia’s east coast in late October, putting it at A$1.108 billion (US$736 million). On October 29, the Insurance Council of Australia (ICA) declared the hail that affected the Brisbane region on October 26…

Reinsurance broker Lockton Re has launched a new European business focused on the life reinsurance market, appointing Paris-based Mederic Borde to lead the business. The new European life business strengthens the company’s presence in France and Europe, following the opening of a Paris office earlier this year. Borde joins Onepoint from a partner role and…

Independent research and investment advisory firm Evercore ISI reports that casualty reserves remain under pressure in the U.S. property and casualty (P&C) insurance market. Debt levels at companies such as CB, Berkshire, EG, SIGI and CINF continue to fluctuate, with long-tail liability losses only partially offset by short-tail releases. To better understand social inflation trends,…

Enterprise Risk Associates, a U.S.-based insurance brokerage platform focused on acquiring and partnering with independent insurance agencies, has announced an investment from Macquarie Capital Prime Finance, the financing and principal investment arm of Macquarie Capital. The financing facility provides up to $150 million in capital to support ERA’s acquisition-driven growth across multiple insurance distribution industries….

XPT Specialty, a wholesale broker of commercial and personal insurance, announced the appointment of Liam Sole as vice president/senior underwriter of its commercial insurance division. In his new role, Saul will focus on property and casualty risk, with an emphasis on supporting East Coast operations, particularly in New York. His areas of expertise include residential,…

According to a report by credit rating agency AM Best, the U.S. property and casualty (P&C) industry’s net underwriting income in the first nine months of 2025 was US$35 billion, a significant increase from US$3.7 billion in the same period in 2024. A special report from AM Best outlines the results, First Look: 9-Month 2025…

Global insurance and reinsurance broking group Howden has announced the appointment of Nick Stace OBE to the newly created role of Chief Global Impact Officer, effective January 2026. In his new role, Stas will lead and shape Howden’s strategy to build a more sustainable and resilient future for customers, employees and communities. He will report…

Insurance services provider Amynta Group has completed the acquisition of Global Surety, LLC, International Sureties Limited and International Sureties SARL (collectively, International Sureties). Founded in 1972, International Sureties is a specialist surety broker offering a range of commercial surety products including maritime sureties, court sureties, insolvency sureties, logistics sureties and license and license sureties. With…

Amwins, an independent wholesale distributor of specialist insurance products active in the global reinsurance market, provides an updated perspective on conditions in the year ahead. The assessment draws on comments from Jennifer Keefe, vice president of marketing at Amwins Re, and insights from Nigel Fearon and Tom Jakob, directors at Amwins Global Risks. Amwins said…

Tim Turner, head of risk group at Beazley MAP (maritime, accident and political), said data centers are increasingly being targeted for protest and disruption, highlighting the need for insurance to evolve into a strategic enabler to help organizations protect assets, sustain operations and seize opportunities amid uncertainty. Turner pointed out that geopolitical tensions and economic…