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Citizens Property & Casualty Insurance Company’s rates continue to decline, reflecting a shrinking risk base as the number of policies declines and Florida’s property insurance market stabilizes. The Florida Office of Insurance Regulation has set new pricing levels that will take effect July 1 for new business and renewals of existing policies, with regulators this…
BirdsEyeView, a European Space Agency-backed insurtech company specializing in natural disaster modeling and risk management, has launched AI Data Cleansing, a new feature designed to automate statement of value (SOV) data cleaning and geolocation to support large-scale disaster modeling. AI Data Cleaning uses advanced artificial intelligence (AI) to automatically clean, standardize, and geolocate submitted Excel…
Global property and casualty insurer Liberty Mutual Holding Company Inc. (LMHC) reported full-year 2025 net income increased 55% to $6.8 billion, compared with $4.4 billion in fiscal 2024, and the combined ratio improved to 88.4% compared with 95.9% in fiscal 2024. Net income increased 37.1% to $1.7 billion in the fourth quarter of 2025, compared…
Global life and health reinsurer Reinsurance Group of America, Inc. (RGA) has announced the appointment of Logan Blake as president of its Bermuda operations. Blake has over 20 years of actuarial experience in a variety of practice areas, including reinsurance, product development, individual life and annuities, Bermuda EBS, U.S. GAAP/STAT accounting, capital management, pricing, group…
Global reinsurer Ariel Re has announced the appointments of Sarah Morgan as Head of Property and Reed Gaglio as Head of E&S Property Reinsurance, both effective April 1, 2026. Morgan succeeds Mike Cornish, who has held the position at Ariel Re since 2018. Cornish will continue in his new role with the company, supporting strategy,…
While standalone cyber reinsurance capacity remains ample, the tail layer remains expensive due to high capital charges, model uncertainty and systemic risk, prompting a search for more efficient structures. Gallagher believes that blending cyber tail risk with uncorrelated property catastrophe risk in a shared limit structure can significantly reduce pricing through lower capital requirements and…
Global life and health reinsurer Reinsurance Group of America, Inc. (RGA) has announced the appointment of Logan Blake as president of its Bermuda operations. Blake has over 20 years of actuarial experience in a variety of practice areas, including reinsurance, product development, individual life and annuities, Bermuda EBS, U.S. GAAP/STAT accounting, capital management, pricing, group…
UK government-backed terrorism reinsurer Pool Re has completed a 2026 retrocession arrangement, securing excess loss cover totaling £2.75bn, including new non-damage business interruption (NDBI) cover. In terms of scale, the £2.75 billion of Vintage Reinsurance protection secured through this 36-month placement remains unchanged from renewals in 2025, with placements to 65 international reinsurers in 2026….
As tensions rise in the Middle East, CyberCube issues a call to action to cyber insurance companies, urging them to use threat intelligence analysis to assess and manage potential cyber operational risks from Iranian threat actors. A new blog written by William Altman, director of cyberthreat intelligence services at CyberCube, points out that U.S. and…
Bermuda-headquartered Lancashire Insurance Holdings’ reinsurance premiums rose 8.1% year-on-year to $1.2 billion in the 2025 financial year, with each pillar contributing to growth, with group profit after tax falling 9% to $293.4 million due to higher costs due to weather and major loss events. Gross written premiums (GPW) for the entire business increased 5.1% year-on-year…