Data centre insurance market forecast to exceed $24bn by 2030: Allianz

The global data centre insurance market is forecast to more than double to over USD $24 billion by 2030, as the rapid expansion of artificial intelligence infrastructure increases the value, complexity and concentration of risks faced by insurers, according to Allianz Commercial, the commercial insurance business of Allianz Group. Allianz Commercial estimates that the market…

Read More

Mangrove launches Bermuda reinsurance sidecar Grove Re

Florida-based property and casualty insurer Mangrove Property Insurance Company has announced the establishment of Grove Re Ltd., a Bermuda-domiciled Class 3A insurance company to support its long-term risk management and underwriting strategy. The formation of Grove Re reflects Mangrove’s disciplined, data-driven approach to underwriting, its strategic vision to operate for the long-term across market cycles….

Read More

Hannover Re is comfortable growing in this market, expects property cat rate reductions to decelerate: Althoff

Sven Althoff, Member of the Executive Board for Property & Casualty at large reinsurer Hannover Re, said today that the company is comfortable growing in this P&C market environment, while the firm expects property catastrophe price reductions to decelerate heading into the January 1st, 2027, renewals. This morning, Althoff, alongside other executives at global reinsurer…

Read More

Tokio Marine international’s NWP grow 16.6% as North America drives Q1

Tokio Marine’s international business has posted 16.6% growth in net premiums written to 934.7bn yen ($5.9bn) in the first quarter of fiscal 2026, with underwriting performance remaining broadly ahead of plan despite pockets of deterioration, including losses tied to the Middle East conflict. According to Tokio Marine, the increase leaves it broadly on track against…

Read More