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CatIQ, the independent Toronto-based catastrophe insurance data provider and subsidiary of PERILS, has released its second industry loss estimate for the severe thunderstorm event that struck parts of southern Ontario and southern Quebec, Canada, between 30 June and 3 July 2026, putting the total insured loss at CAD 439 million. The second estimate, issued 45…
DUAL North America, a provider of specialised insurance solutions, has appointed Sam Fowler as Senior Vice President (SVP) of Tax to its global Transactional Risk platform in the US. The appointment aims to add dedicated tax underwriting leadership to the team and extend its specialised offering to clients and broker partners across the US market….
Envelop Risk, a cyber reinsurance and analytics specialist, has received in-principle approval from Lloyd’s to launch Envelop Syndicate 1925. Transitioning from Special Purpose Arrangement (SPA) 1925, the syndicate is set to begin underwriting on January 1, 2027. The launch builds on SPA 1925’s successful track record at Lloyd’s, driven by Envelop’s innovative use of data…
Dynamic Reinsurance, a firm specialising in tailored reinsurance risk transfer solutions, has announced the appointment of Carmen Yudici bru as Global President. In her new role, Yudici will work alongside Francisco Hernández, Global CEO of Dynamic Reinsurance, to drive the next phase of the firm’s growth by strengthening its global leadership structure and advancing its…
Specialty insurance and reinsurance group The Fidelis Partnership (TFP) has announced the successful pricing of a $2.04 billion refinancing, replacing its existing unitranche facility with a new senior secured Term Loan B facility. This refinancing significantly lowers TFP’s cost of debt from SOFR + 5% to SOFR + 2.75%, and opens access to blue chip…
Orbital Sentry, a deep-tech startup building persistent infrared imaging systems for geosynchronous orbit (GEO), has announced the close of a pre-seed funding round led by Ridgeline, with participation from Superorganism and Hustle Fund. With the newly secured capital, Orbital Sentry can move into its next phase of growth, specifically by helping to accelerate the development…
PERILS, a Zurich-based catastrophe insurance data provider, has disclosed a reduced loss estimate for extratropical windstorm Nils, also known as Ulrike, of EUR 695 million, which affected the Nouvelle-Aquitaine and Occitanie regions in southwest France from 11 to 13 February 2026. This is the third industry loss estimate for the extratropical windstorm, and compares to…
Stars who knew and worked with Hayden Panettiere have been paying tribute following the news of her sudden death at the age of 36. Oscar winner Viola Davis was among the first to pay her respects in the early hours of Monday morning, having worked with Hayden on the courtroom drama Custody. “What an amazing…
Pinion Insurance, a London-headquartered specialty insurance carrier formed earlier this year, has announced three key additions to its executive leadership team and accounting function. The new team members include Kathryn Edwards, who has been appointed Group Controller; Brock Werner, named US Treasurer and Financial Planning and Analysis; and James Green, the company’s new Finance Systems…
Mrs Brown’s Boys creator Brendan O’Carroll has announced he will be unable to go ahead with this year’s festive specials on medical grounds. Traditionally, the divisive comedy airs over both Christmas and New Year, but on Monday morning, Brendan shared that this would not be the case in 2026. “It is with sincere regret I…