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Indian public sector reinsurer General Insurance Corporation of India (GIC Re) reported a nearly 7% rise in gross premium income at Rs 44,006.74 crore for the financial year ended March 31, 2026 (FY’25) as compared to Rs 41,153.95 crore for the financial year ended March 31, 2025 (FY’24). The reinsurer’s net premiums grew to Rs…
Safepoint Holdings has launched a new initial public offering (IPO) aimed at raising up to $283 million through the issuance of 16,666,667 common shares at an expected price of $15.00 to $17.00 per share. This includes 6,242,317 shares of the company’s common stock, par value $0.01 per share, and an additional 10,424,350 shares of common…
SiriusPoint, a specialist insurer and reinsurer, has appointed Paul Beattie and Ed Winter as co-heads of the newly created Crisis Solutions business category of its London market specialist division. The new team will initially focus on war, political violence and terrorism risks to meet growing protection needs in an increasingly complex geopolitical environment. The issue…
Ben Duffy, vice president and head of North America at KYND, said small businesses exhibit widespread weaknesses in cyber hygiene, including a lack of basic email security protections, highlighting cyber exposure and a critical opportunity for insurers to support increased resiliency. Cyber ​​risk intelligence provider KYND released research based on 7,980 small and medium-sized businesses…
UK geocoding and property intelligence specialist Addresscloud has adopted a high-resolution pan-European wildfire risk model developed by artificial intelligence solutions provider Skyblu. Skyblu’s new high-resolution model provides risk scores across Europe at 20 meter resolution, providing greater granularity than traditional datasets. The move comes as insurers prepare for another summer with high wildfire risk across…
Rokstone Agriculture, part of international specialty reinsurance MGA Rokstone, announces the appointment of Jessica Rusnak as senior farm and ranch underwriter. In her new role, Rusnak will focus on driving new opportunities, improving efficiencies and quality in both matriculated and non-matriculated programs, and leveraging the advanced technology and data-driven capabilities of the Rokstone ATOMX ecosystem…
BMO Capital Markets said property catastrophe reinsurance pricing is trending downward and meets or exceeds market expectations at mid-2026 renewals. The company also expects prices to remain under pressure if reinsurance losses do not reach $100 billion or more. Unlike previous weak market cycles, BMO analysts noted that average buyer loss retention levels – the…
Verisk, a strategic data analytics and technology partner to the global insurance industry, announced that KatRisk has agreed to join the Verisk Model Exchange as Verisk continues to develop its open catastrophe risk modeling ecosystem. Verisk said the move is intended to increase insurers and reinsurers’ access to third-party catastrophe risk insights, as climate-related disasters…
Global reinsurance broker and risk advisor Aon has announced the appointment of Christian Hoffman as global CEO of Commercial Risk, effective June 1. Hoffman will leverage his 25 years of experience as a broker and underwriter in the insurance and financial services industries to lead Aon’s global commercial risk business. He is tasked with advancing…
Credit rating agency KBRA has assigned Florida’s new mutual insurance company Frontline Insurance Reciprocal Exchange (FIRE) a BBB+ Insurance Financial Strength Rating (IFSR). The rating outlook is stable. FIRE was formed to write about Florida residential real estate, focusing primarily on homeowners and fire/dwelling insurance. KBRA said the rating reflects the plan’s operating profile of…