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The Progressive Corporation has revealed the particulars of its 2026-2027 Property Catastrophe per Occurrence Reinsurance program, which renewed June 1, 2026, combining traditional reinsurance, cat bonds and Florida Hurricane Catastrophe Fund (FHCF) protection across a tower providing up to $2.19 billion of coverage for a first event in Florida and $1.85 billion for a first…
SCOR Business Solutions, the large corporate risk insurance arm of SCOR, has announced the appointment of Jennilee Foo-Kune as Chief Underwriting Officer (CUO). Foo-Kune is a qualified actuary with extensive expertise across traditional actuarial fields and their application in commercial roles. She joined SCOR Business Solutions in September 2025 as Head of Underwriting Strategy &…
Global insured losses from natural catastrophes reached an estimated USD $42 billion in the first half of 2026, according to Swiss Re Institute, the research arm of global reinsurance company Swiss Re. The figure was down sharply from USD $91 billion in the first half of 2025 and was 16% below the 10-year first-half average…
Commercial property insurer FM has acquired FortressFire, a provider of wildfire intelligence that combines machine learning and physics-based modeling; financial details of the transaction were not disclosed. FortressFire specialised in protecting homes, businesses and communities from wildfire loss through data-driven, science-backed approach risk modeling. Operating as an independent, wholly owned division of FM, the company’s…
As the south of England enters the fifth (!!) heatwave of the year, you might be looking at your garden wondering whether some major changes are due in the years to come. British summers are only going to get hotter and drier if Met Office data is anything to go by. The national weather and…
Singapore headquartered non-life insurer, MS First Capital Insurance Limited, commenced reinsurance operations from its new office in India’s Gujarat International Finance Tec-City (GIFT City) on July 29th, 2026. Founded more than 75 years ago as The Public Insurance Company Limited, the insurer has evolved over the years via strategic acquisitions and rebranding, and became MS…
Christopher O’Connor has been appointed Head of Professional Liability and Cyber, North America at AIG. As Reinsurance News understands, this is an internal promotion, with O’Connor having been with AIG for over 15 years. He joined AIG in November 2010 as an Underwriting Analyst, before going on to lead AIG’s Financial Institution Cyber business. Most…
Listen, before we get started… we’re about to get into some major spoilers. Proper big ones. So, if you still haven’t watched the House Of The Dragon finale yet, what we’d recommend is popping a little bookmark on this page, and coming back once you have. See you in a bit! OK, for everyone else,…
Global property and casualty insurer Chubb has announced the appointment of Ed Nicklin as Head of Major Accounts Division for UK and Ireland (UK&I), succeeding Nick Lee. Having joined Chubb following a decade with ACE European Group, Lee led the Major Accounts Division for UK&I, for over six years, and has now decided to retire….
President Donald Trump is facing criticism for using the press and others aboard Air Force One as decoys last month when he faced a threat from Iran ― all while reportedly dodging that threat himself. The Washington Post and The New York Times on Monday reported that last-minute travel changes on July 8, as the…