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Previsico, an insurtech company that provides advanced flood prediction and risk management solutions, has released Flood Intelligence 2.0, an updated version of its flood prediction platform. The platform is designed to provide insurers, infrastructure operators, risk managers and organizations exposed to flood risk with clearer insights and greater confidence in managing flood events. Flood Intelligence…
Specialist re/insurance broker Consilium has announced that its Risk Solutions division is launching a dedicated UK Contractor All Risks (CAR) facility. As part of its growing portfolio of casualty risk products, CAR Facilities offers comprehensive underwriting for annual renewable energy and stand-alone project policies. It is designed to help projects stay on schedule, minimize financial…
Leslie Barbi, executive vice president (EVP) and chief investment officer (CIO) of life and health reinsurance provider Reinsurance Group of America (RGA), has announced her intention to leave the company and retire, effective April 15, 2026. Barbi is a member of the RGA Executive Committee and joined the life reinsurance company in 2020. As CIO,…
Despite a more challenging backdrop, Fitch Ratings maintained its “neutral” industry outlook for North American life insurance companies in 2026, arguing that strong balance sheets will help mitigate the impact of a potential slowdown in economic growth, heightened macroeconomic volatility and geopolitical uncertainty. The agency expects that despite these headwinds and growing concerns about rising…
The Federal Emergency Management Agency (FEMA) has now reported participants for its 2025 National Flood Insurance Program (NFIP) reinsurance placements, with the number of participants increasing by 50% from the previous year. In January, FEMA reported that it increased the NFIP’s reinsurance coverage for 2025, transferring $757.835 million of the NFIP’s financial risk to the…
European property and casualty (P&C) insurance group Marco Capital Holdings Limited has acquired Stewart Title Europe Limited, which has been in the runoff since early 2025. Marco Capital provides reinsurance and end-of-life solutions to re/insurance operators and corporates to optimize balance sheet efficiency, operational management, and capture loss reserve portfolios through reinsurance, portfolio transfers, and…
AM Best upgraded the credit ratings of Chicago-based insurance company CNA Financial Corporation (CNAF) and its property/casualty (P/C) subsidiaries (collectively, CNA Insurance Companies (CNA)) and members of the Western Surety Group (WSG). The financial strength rating (FSR) was upgraded from A (excellent) to A+ (excellent), and the long-term issuer credit rating (long-term ICR) was upgraded…
Christopher Gray, director of reinsurance at Westfield Specialty International, stressed that reinsurers will need to be creative to succeed in 2026, offering multi-category expertise, cross-category relationships and the ability to develop new products and customized solutions to meet clients’ specific needs. Gray stressed that currently too many reinsurers are chasing too few buyers, leading to…
Aberdeen Group plc, an investment manager with over £200bn of assets under management for pensions, insurance and other institutional clients, has agreed to become the sponsoring employer of the Stagecoach Group Pension Scheme (SGPS). The strategic move will benefit the scheme’s 22,000 members and marks an important step in Aberdeen’s growing role in managing defined…
Independent insurance manager Strategy Risk Solutions (SRS) has announced the appointment of Sandy Bigglestone as Managing Director/Chief Governance, Regulatory and Compliance Officer (CGRCO), effective January 2026. In her new role, Beaglestone will provide firm-wide leadership and guidance to ensure clients have best-in-class governance programs and remain compliant with regulations affecting captive owners in various jurisdictions….