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CatIQ, a Toronto-based independent organization that provides industry-wide catastrophe insurance data, has disclosed final industry loss estimates for the 2024 Jasper wildfires in Alberta, with total insured losses of C$1.304 billion. The figure, released two years after the devastating fires that ripped through Jasper National Park from July 22 to August 17, 2024, is considered…

Flood Re is a joint government and insurance industry scheme designed to help eligible UK households at risk of flooding access flood insurance. The scheme published its annual report and accounts for the year ending 31 March 2026, revealing that the scheme currently supports around 353,000 policies and has helped more than 742,000 households since…

Weak reinsurance markets and lower property catastrophe rates are weighing on Marsh’s reinsurance unit in the second quarter of 2026, but executive leadership believes strong growth opportunities remain in the industry. In the second quarter of 2026, global reinsurance broker and Marsh business Guy Carpenter’s revenue fell 2% on a GAAP and underlying basis to…

France-based global reinsurer SCOR has announced the appointment of Laurent Sabatié as head of natural catastrophe risk in London. In his new role, Sabati will play a vital role in further strengthening the company’s capabilities in the critical area of ​​natural disaster risk. His primary responsibilities include refining SCOR’s risk perspective, improving its modeling capabilities,…

According to Aon Group’s “Global Catastrophes Review: First Half of 2026 Report”, natural disasters in the United States caused approximately US$36 billion in insured losses in the first half of 2026, accounting for 75% of global insured losses. During this period, the country experienced $11 billion worth of insured events, including nine severe convective storm…

Florida-based flood insurance group Neptune Insurance Holdings Inc., the parent company of Neptune Flood, reported record financial results for the second quarter of 2026, with revenue up 33% and net income up 36%. Revenue for the quarter reached a record $55.9 million, driven by continued growth in the renewal portfolio and an increase in commission…

Global insurance and reinsurance brokerage and risk advisor Aon has appointed Michael Mahoney as head of the Northeast region and co-head of the United States, effective August 1, 2026. Upon joining the brokerage, Mahoney will serve on Aon’s executive committee while retaining his seat on the North American executive committee. In his new role, Mahoney…

Lloyd’s specialist insurer Atrium has announced the appointment of Chris Baker as head of specialist reinsurance. Baker will join Atrium upon completion of his contractual obligations in July 2027 and will underwrite 2028 accounts. In his new role, he will develop Atrium’s specialty reinsurance portfolio in line with its five-year transformation strategy. Baker has 22…

Investment research firm Autonomous said the impact of the softening reinsurance market is becoming increasingly apparent, saying ongoing pricing declines are starting to impact revenue growth and it expects to put more pressure on underwriting performance over time. The last major renewal season of 2026 is now over, with property catastrophe reinsurance pricing weakening at…

Transatlantic Holdings (TransRe), the reinsurance arm of Alleghany Corporation, announced the promotion of Abdeladim Bousselam to chief operating officer of TransRe Europe, reporting to Louise Rose, president of international divisions, effective immediately. Bousselam brings a wealth of He initially joined TransRe in January 2025 from Swiss Re as Head of MEA. Since joining the company,…