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Canada Life Re, Great-West Lifeco’s Capital and Risk Solutions reinsurance operation, delivered a 17% year-on-year increase in base earnings to CAD 309 million in the third quarter of 2026, mainly driven by strong new business growth in Capital Solutions. The global provider of risk and capital optimisation solutions has again delivered quarterly base earnings of…
Prices in British shops will soar next year unless the war in Iran ends, the head of the Bank of England has warned. Andrew Bailey said the rate of inflation will rise to nearly 5% – more than double the 2% target – unless a peace deal is agreed soon. He was speaking as the…
Global legacy acquirer RiverStone International has entered into a loss portfolio transfer (LPT) with Clear Spring Property and Casualty Company, a subsidiary of Delaware Life Insurance, covering approximately $325 million in net reserves. This announcement comes days after RiverStone International unveiled its ILS debut with an LPT of portfolios associated with funds managed by Leadenhall…
Pricing for US cyber insurance is stabilising after dropping for several years; however, claims from the 2023 underwriting year are still developing, while vulnerabilities are being discovered and exploited faster, Howden Re analysts highlight in a recent report. Rate softening has now entered its fourth year, and whilst Howden Re’s pricing data shows cyber rates…
Katie Price has weighed in amid the latest speculation about her personal life. The reality star and former glamour model – who announced in September that she’d split from her fourth husband Lee Andrews – was seen earlier this week attending the Glamour Awards UK, where she was pictured chatting to tech entrepreneur Felix Henderson….
Verdant Rock Limited, a Bermuda Monetary Authority-regulated Class 3B insurance company, has appointed Carolyn Thomas as Chief Underwriting Officer (CUO), Kevin Downs as Chief Actuary, and Sarah Demerling as Global Head of Regulatory Affairs, effective 2 November 2026. Thomas is a Bermudian insurance professional with over 25 years’ experience in credit and political risk underwriting…
Former Celebrity Traitors star Joanne McNally has claimed she had to drop an episode of her podcast lifting the lid on her time on the show, as it would have violated a contractual agreement with the BBC. Joanne made it through to the penultimate episode of The Celebrity Traitors’ second season, which aired its gripping…
US primary insurer Allstate reported net income applicable to common shareholders of $7.72 billion for the first nine months of 2026, up 21.3% on the same period of 2025, as improved Property-Liability underwriting performance helped lift earnings. Adjusted net income for the first nine months of 2026 was $7.62 billion, up 38.1% from the equivalent…
I don’t know about you, but I love Christmas lights. They’ve just put some up outside my apartment, and even though it’s not even past Bonfire Night yet, it immediately catapulted me into the festive spirit. In my dream world, I’d spend the day walking through London and looking at all the twinkling Christmas lights….
Oxbow Partners, a management consultancy focused on the insurance sector, has released a report titled The Future of AI in Claims, assessing how artificial intelligence could influence claims operations and decision-making within the commercial and specialty insurance markets. The publication considers the potential for insurers to move beyond using AI primarily to streamline workflows and…