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Re, the brand under which Cover Re, Inc. operates, has announced the execution of a $65 million investment note between its wholly owned subsidiary Cover Re SPC Ltd. and the Resilience Foundation. Cover Re SPC Ltd. is a fully collateralised reinsurer domiciled in the Cayman Islands and licensed by the Cayman Islands Monetary Authority under…
Strategic Risk Solutions (SRS), an independent insurance company manager, has appointed Chris Terry as Managing Director and Head of Alternative Risk Transfer (ART) and Risk Strategy, with his appointment due to take effect on 19 April 2027. The move forms part of SRS’ ongoing efforts to expand its risk advisory services, with a focus on…
The US property and casualty (P&C) insurance sector is expected to maintain positive underwriting results in 2026, despite continued pressures from claims costs, natural catastrophes and economic uncertainty. This is according to the Insurance Information Institute (Triple-I), a US organisation specialising in insurance research and economic analysis, and Milliman, an actuarial and consulting firm, in…
Reinsurance broker Howden Re has revealed it advised global insurer Generali on establishing its Syndicate 2031 Red Bridge, of which Apollo acted as managing agent. It has been confirmed that Howden Re was appointed as Generali’s exclusive adviser on the transaction. The broker’s teams across Howden Re International, Howden Re Capital Solutions, and Howden Capital…
Michael star Jaafar Jackson has opened up about the film’s scrapped third act. Jaafar made his big-screen debut in the recent biopic about his late uncle Michael Jackson, which was panned by critics but made more than a billion dollars at the global box office. A sticking point for many critics was the fact that…
Morningstar DBRS has warned that the latest unrest in France reinforces a growing trend of riots and civil commotion increasingly exhibiting characteristics traditionally associated with catastrophe risks. “The principal concern for insurers is not necessarily the severity of an individual claim. Rather, it is the potential aggregation of thousands of correlated claims across commercial property,…
RLI Corp. has reported Q3 2026 underwriting income of $58.8 million, with gross premiums written increasing 2% to $522.2 million for the period, supported by growth in its casualty and surety businesses. The firm’s operating earnings rose to $79.3 million in Q3 2026 from $75.8 million a year earlier, while the combined ratio stood at…
The BBC has refuted speculation that Richard E Grant’s already-infamous Celebrity Traitors blunder may have been “faked”. Earlier this month, Richard got the latest season of the Bafta-winning reality show off to a jaw-dropping start when he outed himself as a Traitor only moments after being selected in a botched attempt at a double bluff….
US primary insurer Travelers has expanded the amount of risk it cedes through its cyber quota share reinsurance treaty, a strategic move designed to manage risk exposure that will dampen top-line premium growth through 2027 while leaving bottom-line profitability largely unaffected. “Effective October 1st, we increased the percentage ceded to our cyber reinsurance quota share. That…
Strictly Come Dancing star Amy Dowden has hit back after ex-pro Brendan Cole’s recent jibes about her. Earlier this month, Amy and her celebrity partner Chris Appleton became the first couple to be eliminated from the current series of Strictly, which marked the second year in a row that the Welsh dancer had found herself…