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Specialty insurance and reinsurance group Fidelis Partnership (TFP) has announced that one of its Lloyd’s syndicates, Syndicate 3123, has successfully secured $75 million in reinsurance protection from the capital markets through its first catastrophe bond transaction, Woody Re 2026-1. The catastrophe bond notes have a three-year term ending on June 30, 2029, through a segregated…
ICEYE, the company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, has announced the expansion of its wildfire intelligence capabilities into Canada, a country of high concern. A country hit by wildfires. A recent report from the Canadian Climate Institute highlighted the surge in wildfire activity, noting that three of the worst…
Olivia Bishop has been named chief global catastrophe underwriting officer for Bermuda-based reinsurer Partner Re, a role she will hold in conjunction with her current role as senior vice president and head of North America catastrophes. “As the disaster landscape evolves, I am excited to help drive our underwriting strategy and create value for our…
According to Aon’s recent Reinsurance Market Dynamics report, Florida insurers enter mid-year renewals in a strong position, securing an additional $5-7 billion in reinsurance underwriting as ample supply is sufficient to meet growing demand. In addition to stronger balance sheets, Florida insurers began mid-year renewals and improved underwriting performance, marked by recent legal reforms to…
Malibu Life Holdings Limited, a London Stock Exchange-listed insurance holding company focused on the U.S. retirement and annuity market, has completed the acquisition of TruSpire Retirement Insurance Company, which will be renamed Malibu Life USA. The acquisition was initially announced in October 2025, when Malibu Life signed a definitive agreement to acquire TruSpire. TruSpire (now…
The political violence and terrorism (PV&T) reinsurance market faces an “exceptionally active” environment during the July 1 renewal season, Howden said, as underwriting appetite in the Middle East is reshaped and broader changes in global risks, from civil unrest in the Americas to active attacks in Europe, further increase complexity for existing insurers and new…
International insurance company and reinsurer QBE Insurance Group Limited has now fully acquired Raheja QBE General Insurance Company Limited (Raheja QBE), after 18 years of joint ownership with Prism Johnson Limited. The Insurance Regulatory and Development Authority of India (IRDAI) has granted 100% ownership of QBE, marking a major milestone in the re/insurer’s strategic expansion…
Accelerant, a data-driven risk exchange platform for the specialty insurance market, has expanded its partnership with Lloyd’s of London through the formation of the ARX Alliance, which is reportedly backed by seven well-respected consortiums. Accelerant said the launch of the ARX Alliance enables Accelerant Risk Exchange to combine its high-quality premium flow with the security…
Everest Group, Ltd., a global leader in specialty reinsurance and insurance, has appointed Stephen Buonpane as global head of global wholesale and specialty lines (GWS) Construction and promoted Danielle Stewart to president of Everest Evolution™, both effective October 1. In this newly created role, Buonpane will reportedly lead Everest’s global construction business, driving underwriting strategy,…
Verisk’s Catastrophe and Risk Solutions Group says economic losses from the June 24, 2026 earthquake in Venezuela could exceed $10 billion. The panel said the industry’s share of lost insurance is unusually difficult to estimate due to the country’s macroeconomic conditions, rising inflation, low insurance penetration and sanctions-related market complexities. Verisk, a strategic data analytics…