CatIQ places final loss estimate for Hurricane Debby floods in Ontario & Quebec at CAD 2.8bn

CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has disclosed its sixth and final industry loss estimate for flooding caused by the remnants of Hurricane Debby in Ontario and Quebec between 9 and 10 August 2024, putting losses at CAD 2.8 billion. The final loss figure provides a…

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RT Specialty promotes Provenzo to Director, London Markets & Delegated Authority

RT Specialty , a wholesale distributor of specialty insurance products and services and the wholesale broking specialty of Ryan Specialty, has promoted Greg Provenzo to Director, London Markets & Delegated Authority. In his new position, and as part of the RT Binding Authority leadership team, Provenzo will provide strategic leadership and operational oversight for RT…

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Rokstone expands Athena Cyber proposition with supply chain cover

Rokstone, the international specialty re/insurance MGA, has expanded its Athena Cyber proposition with a new extension designed to provide cover for supply chain disruption caused by cyber incidents involving an insured’s customers or suppliers. The new extension, supported by $10 million of A-rated Lloyd’s capacity, is intended to address losses that can arise when a…

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Aon’s NFP acquires Frontier Risk’s retail cannabis business

NFP, an Aon company and property and casualty (P&C) broker and benefits consultant, has announced the acquisition of the retail cannabis business of Frontier Risk Group, Inc. As a specialty insurance firm, Frontier Risk offers tailored solutions for the cannabis industry and regulated-products clients. The company integrates deep industry knowledge, insurance expertise, and risk management…

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