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Zurich-based catastrophe insurance data provider PERILS has revealed its preliminary industry loss estimates for extratropical Storm Niels, also known as Ulrike, noting that the event caused a total of €586 million in losses to the insurance industry. The storm peaked on February 12, 2026, bringing damaging winds and heavy rainfall. France experienced its wettest year…
Conduit Holdings, the ultimate parent company of Bermuda-based multi-line reinsurer Conduit Re, has appointed industry veterans Richard Lightowler, Peter Mullen and Penny Shaw as non-executive directors, effective March 26, 2026. Lightowler and Shaw will serve on Conduit’s audit and compensation committees, while Mullen will serve on the company’s compensation committee. Nicholas Shot, Chairman of Conduit…
European savings and retirement services group Athora has completed the acquisition of Pension Insurance Corporation Group Limited, including its wholly-owned subsidiary Pension Insurance Corporation plc (PIC). The acquisition was first announced in July 2025, with Athora agreeing to acquire PIC for approximately £5.7 billion. Earlier this month, Athora secured €3.5 billion in common stock commitments…
Global insurance and reinsurance brokerage group Aon has announced the expansion of its automated incident response (AER) services to include severe convective storms (SCS) in the United States. This enhancement is designed to help insurers better manage losses, deploy resources and respond quickly to policyholders during active weather events. U.S. SCS has become one of…
Reinsurance and capital solutions broker Augment Risk has appointed Lucy Carter as partner at MGA, effective immediately. Carter brings 19 years of experience in the US insurance and reinsurance markets before joining BMS Group. Augment Risk explained that in her new role, Carter will focus on connecting project businesses, capacity providers and reinsurers through customized,…
Latest comments from several Howden Re executives suggest that the effective closure of the Strait of Hormuz following an escalation in the Middle East conflict could become a stress test for the reinsurance industry, but that widespread withdrawals are not expected as the reinsurance market is well capitalized and highly engaged; instead, the response is…
The Cayman International Reinsurance Association (CIRCA) supports the findings of a new report from the Society of Actuaries (SOA) which highlights the Cayman Islands’ growing role as an international reinsurance jurisdiction supporting cross-border insurance markets. CIRCA Chairman Faramarz Romer said: “This report provides independent confirmation that the Cayman Islands is a well-regulated international reinsurance jurisdiction,…
Specialized catastrophe property management general underwriter (MGU) SageSure has announced the appointment of Dave PaiMazumder as director of catastrophe risk research and development. In his new role, PaiMazumder will lead SageSure’s catastrophe risk research agenda, advancing model assessments, developing a proprietary view of risk and integrating climate and emerging science insights into how companies understand…
Global property and casualty insurance company Chubb has entered into an exclusive partnership with Safe Harbor Marinas, a global leader in oceanside lifestyle, with Chubb named the preferred insurance provider for Safe Harbor members. Safe Harbor is a U.S.-based company that is the world’s largest owner and operator of terminals. Through this partnership, Safe Harbor…
Global reinsurance broker Gallagher Re has announced the promotion of Nicolas Rincé to president of France, Belgium and Luxembourg (FraBeLux). Rincé joined Gallagher Re in July 2025 as Director for France, Belgium and Luxembourg, playing a key role in leading client-facing teams and implementing the company’s growth strategy across the region. Prior to this, he…