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CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimisation, has announced the launch of its new platform, Agentic Intelligence, the industry’s first end-to-end AI workforce built for complex casualty and workers’ comp claims. Agentic Intelligence is built into the CLARAty.ai platform and places a team of AI agents on every claim,…
A new Moody’s report emphasises that the protection gap in natural catastrophe losses cannot be closed by property and casualty (P&C) insurers and reinsurers alone, with more than 50% of these losses uninsured in 2025. The report finds that since 2015, 57.8% of catastrophe losses have gone uninsured, while the damages from nat cats has…
London-headquartered specialist insurer Beazley has unveiled new cyber cover to support businesses in managing the risks arising from their own use of AI. The announcement follows Beazley’s recent confirmation of its affirmative AI cyber cover, which, according to the firm, delivers “certainty and clarity” for clients by expressly addressing AI-related risks already covered within existing…
Pan-African reinsurer Continental Reinsurance Holdings has raised US$156.1 million in proceeds from its initial public offer, which includes US$30 million in fresh primary capital that will be used to strengthen the company’s underwriting capacity. Opened on August 5, 2026, the Public Offer also includes US$126.1 million relating to the acquisition of existing shares, allowing retail…
According to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ), a Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, 10 extreme weather events this summer across Alberta, Saskatchewan, and Manitoba caused overall insured damages of more than CAD 1.8 billion. Historically, wind, hailstorms, and wildfires are the costliest extreme weather…
Gallagher Re, a global reinsurance brokerage and advisory firm, has announced the appointment of Will MacLeod as Executive Director, Facultative. MacLeod brings 12 years of experience in the insurance and reinsurance industry, with extensive expertise in the placement of complex international facultative property and heavy industry risks. He joins Gallagher Re from Howden, where he…
Pop star Zara Larsson probably enjoys flying more than you do. On September 23, the Midnight Sun singer uploaded a picture to her Instagram Story with a caption that read: “OK but what’s the science behind being hella horny on an airplane? I can’t be the only one. I’m about to bark.” In a second…
Cedar Trace Advisers Limited, a Bermuda-based insurance, reinsurance and asset management group, has appointed Matthew Ranson as Senior Outwards Reinsurance Manager. Ranson brings extensive experience in ceded reinsurance placements. He joins Cedar Trace from Convex Insurance, where he served as Ceded Reinsurance Placement Manager. Prior to that, he was Ceded Reinsurance Placement Manager – Property…
Prevensure Group, a provider of re/insurance broking, underwriting services, and bespoke risk management solutions, has appointed Douglas Egesa as Regional Director of Prevensure Re. Most recently, Egesa served as the Regional Representative for Africa at Kuwait Reinsurance Company K.S.C.P., based in Kenya. Prior to this, he spent four years wth Continental Reinsurance in several senior…
Legacy acquirer DARAG Group has received approval from the High Court of Justice, part of the senior courts of the United Kingdom, to transfer two insurance portfolios to its UK carrier, DARAG Insurance UK Limited (DIUK), under Part VII of the Financial Services and Markets Act 2000. The court order was delivered on September 17,…