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The accumulation of catastrophe losses across Latin America and the Caribbean could erode insurers’ retentions, earnings and capital, while prompting reinsurers to reassess pricing and capacity, according to Lucas Castagnino, CUO Latin America and the Caribbean at MS Reinsurance. Speaking to Reinsurance News, Castagnino warned that multiple events affecting the same portfolios were testing reinsurance…
Arch Capital Group Ltd., the Bermuda-based insurer and reinsurer, has appointed Daniel J. Houston as Chair of the company’s Board of Directors, succeeding John M. Pasquesi who has made the decision to step down as Chair. Pasquesi, who has been Chair since September 2019 and has also served as a director at Arch since 2001…
The US reciprocal insurance exchange market has experienced significant growth in recent years, driven by property insurance affordability and availability challenges in catastrophe-exposed regions, according to a new report from ALIRT Insurance Research, a US-based insurance financial research and analysis firm. ALIRT estimates that 84 active “pure” reciprocal insurance exchanges operated in the US at…
Flex your fingers, adjust your chair, and keep your card handy: Grand Theft Auto (GTA) 6 is almost here. It’s been 13 years since the franchise’s last instalment, GTA 5, hit the shelves. And no pressure to Rockstar Games, but GTA 6’s predecessor broke the Guinness World Record for “highest revenue generated by any entertainment…
Emmanuel Macron has shared the bleak reality about the state of the US’s relationship with Ukraine in a surprisingly candid moment. Around 50 world leaders, including UK prime minister Andy Burnham, will gather in Dublin today for a meeting of the European Political Community (EPC). One of the topics on the table is the Ukraine-Russia…
Bonfire Night went off with a bang in Rivals, but the fireworks weren’t just in the sky in Rutshire. Throughout the first half of Rivals’ second season, Maud O’Hara and Tony Baddingham’s affair had been threatening to come out into the open. And during the Bonfire Night festivities in one of three new episodes that…
Geopolitical risks and AI-driven cyberattacks are set to remain key risk factors for European re/insurers in 2027, according to new commentary from S&P Global Ratings. S&P’s new report has suggested that geopolitical risks affect the European insurance sector mainly indirectly, because policies typically exclude acts of war, including those covering business interruption and transport. As…
The BBC has confirmed that it received official complaints from viewers who were “unhappy” about the charities that the winners of this year’s Celebrity Traitors chose to give their money to. Last month, the broadcaster aired the second season of The Celebrity Traitors, in which comedian Romesh Ranganathan and Heartstopper actor Sebastian Croft came out…
German insurance and reinsurance group Talanx, the majority shareholder of Hannover Re, reported an improved combined ratio of 89% for the first nine months of 2026, compared with 89.8% a year earlier, as its insurance service result increased by 11% to €4.4 billion and group net income rose by 12% to €2.2 billion. According to…
Aidan Turner and Victoria Smurfit are certainly no strangers to a sex scene in Rivals. Playing married couple Declan and Maud O’Hara in the TV adaptation of Dame Jilly Cooper’s racy novels, the pair have had their fair share of on-screen bonking over the show’s first two seasons. In fact, both actors’ very first day…