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The Pacific Catastrophe Risk Insurance Company (PCRIC), a provider of parametric disaster insurance, and the United Nations Office for Disaster Risk Reduction (UNDRR) signed a Letter of Cooperation to strengthen their shared commitment to advancing disaster risk reduction and financial resilience across the Pacific region by advancing parametric insurance models to make them proactive resilience…
The Middle East and North Africa (MENA) reinsurance market continues to present solid top-line growth opportunities and attract steady inflows of international capital, even as geopolitical tensions and economic uncertainties intensify across the region, a new AM Best report states. According to the Best’s Market Segment Report, “MENA Reinsurers are Focused on Profitable Growth Opportunities…
The NEXROC Group, a global investment and holding company, has announces its intention to commence tender offers for two publicly listed life insurance companies, one in the United States and one in Australia. According to the announcement, NEXROC is moving forward with the insurance acquisitions as part of the first stage of its roll-up strategy…
Global reinsurance broker Gallagher Re has expanded its Facultative team with the appointments of Madhavi Gopinathan as Senior Broker, Fac, and Joy Ramirez as Account Specialist, Broker Support, Fac. In her new role, Gopinathan will support Gallagher Re’s clients and contribute to the continued growth of its MEA Facultative business. She brings 13 years of…
About a week ago, Amazon users took to social media to share a revealing new feature of the app. Since May this year, an AI tool has been describing what site users’ behaviour tells the company about how they might live, including what (and how) they like to read and whether they live alone. But…
Just two weeks after “sincerely” apologising to Sir David and Victoria Beckham for comments made about them on Have I Got News For You, Katherine Ryan is once again taking aim at the famous couple. In November 2025, the Canadian comic guest hosted the BBC panel show, where she introduced a segment about Sir David’s…
Markel Insurance, the insurance operation within Markel Group Inc., has announced the launch of its Chemical, Oil & Gas-related Energy Property (CORE) offering, and the appointment of Candice Walker to Head of First-Party Energy and Michael McClain as Senior Underwriter – Energy. The launch strengthens Markel’s US First-Party Energy proposition by offering a dedicated property…
The UK is witnessing an earlier flu season than normal, following reports that parts of the United States is also seeing an early start to the season. The NHS said it just witnessed its “busiest September ever” for patients attending A&E (2.44 million visits). Professor Frankie Swords, NHS England’s national medical director, has warned that staff…
Sydney Sweeney is brushing off the recent controversy surrounding her campaign for the sports betting company Novig with another topless ad for the brand. Last month, the Euphoria actor was met with fresh controversy when she unveiled an advert for Novig, in which she appeared in different scenes completely nude, save for different types of…
SageSure, the specialist catastrophe-exposed property managing general underwriter (MGU), has invested in the insurance-linked securities (ILS) fund manager Pillar Capital Management (Pillar) to expand its capabilities across the property catastrophe value chain. Pillar currently manages institutional assets of over USD 4 billion, and will continue to operate as an independent franchise. It will retain its…