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From 24 to 28 August, severe convective storm (SCS) outbreaks caused extensive damage across multiple European countries, with the most severe weather occurring between 27 and 28 August and industry losses anticipated to approach EUR 2.5 billion, according to global reinsurance broking and advisory firm Gallagher Re. Between 24 and 26 August, a low-pressure system…
Ahead of the 68th edition of the Monte Carlo Rendez-Vous (RVS), Mat Storr, Head of Reinsurance at Antares Global, has said that the upcoming renewals are likely to be more disciplined than in past soft markets. Storr expects an orderly renewal rather than a dramatic shift in pricing, and anticipates that buyers with well-performing portfolios,…
Compre, an international speciality reinsurance group based in Bermuda, has renewed its Renewable Loss Portfolio Transfer agreement with French insurer Wakam. Initially completed in 2025, the original deal covered approximately €140 million of reserves as at 31 December 2024, focusing mainly on UK and French motor and property insurance liabilities for 2024 and prior. The…
Conduit Holdings Limited, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, has announced three senior underwriting appointments to Conduit Re’s Property team. Aaron Coates has been appointed Head of Property. In this role, he will oversee Conduit Re’s Property portfolio and team. He brings more than 25 years of reinsurance and…
Miriam Margolyes is facing criticism over comments she made to Andi Peters during her latest appearance on This Morning. On Thursday morning, the Bafta was interviewed by Andi and co-host Christine Lampard live on the ITV daytime show about her new book Miriam’s Full English, in which she reflects on modern-day British culture. During the…
Cayman Islands-based reinsurer Greenlight Capital Re has announced the appointment of John Welch as an Independent Director of the company’s Board of Directors . Welch’s appointment follows the addition of Ariel Warszawski, who was recently elected to the Board by shareholders at the company’s Annual General Meeting held on 28 July 2026. David Einhorn, Chairman…
I don’t know about you but I’ve noticed a lot of spiders indoors of late – from the bulbous ones making Halloween-esque webs in my garage, to the smaller ones gracing each and every window frame, to the spindly lass who decided to have a billion babies in a suitcase under my bed (not a…
Fitch Ratings, the global credit rating agency, has maintained its ‘deteriorating’ outlook on the global reinsurance sector for 2027. According to Fitch, this reflects operating conditions that are weakening gradually from levels the agency continues to regard as sound. Fitch attributes the outlook to its expectation of further price declines in 2027, albeit less pronounced…
Lloyd’s, the global insurance and reinsurance marketplace, does not currently expect the continuing conflict in the Middle East to become a capital event for the market or have a material effect on its profit and loss, according to Chief Executive Patrick Tiernan. In a statement accompanying Lloyd’s first-half 2026 results, Tiernan said the market had…
Despite no end of speculation as to whether or not he’d be returning, it’s now been confirmed that Tom Hardy will, in fact, be appearing in the forthcoming third season of MobLand after all. Last year, Tom made his debut as fixer Harry Da Souza in the Paramount+ crime drama, sharing the screen with Dame…