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Verisk, a global provider of data analytics and technology for the insurance industry, estimates that winter storm ferns will cost the insurance industry $4 billion in property and auto damage, primarily caused by freezing effects, with additional damage from wind and snow. Early results from Verisk’s updated U.S. winter storm model indicate that 14 states…

Zurich has reached an agreement in principle with Beazley on the key financial terms of a potential proposed cash offer for all existing and to-be-issued ordinary shares in the specialist insurance company. Readers may recall that on January 4, 2026, Zurich submitted a proposal to acquire 100% of the London-based insurance company for 1,230 pence…

French reinsurer SCOR has disclosed property and casualty (P&C) reinsurance renewal results for January 2026, reporting selective portfolio growth amid a competitive pricing environment, with overall estimated gross premium income (EGPI) for traditional reinsurance rising 4.7% to €4.493 billion and alternative solutions growing 80.5% to €1.185 billion. In traditional property and casualty reinsurance, SCOR reported…

Sophie Wentges is joining Willis Re’s catastrophe analysis team, where she will support the London and Bermuda brokerage teams. Wentges has approximately 12 years of experience in professional catastrophe modeling in the brokerage and insurance sectors. She began her career at Hiscox in the London Market Property & Specialty Insurance, Catastrophe Analytics division, where she…

Parag Gupta, CEO of global reinsurer SCOR India, said the country’s low insurance penetration, expanding infrastructure, rising catastrophe risks, and growing demand for new solutions such as covered bonds, parametric insurance, cyber and specialty risks will inevitably require deeper and more sophisticated reinsurance support. At the 3rd Global Reinsurance Summit 2026, Gupta shared his insights…

Applied Systems Inc. has released fourth quarter 2025 results for the Applied Business Index, a premium rate index for the Canadian insurance industry, showing year-over-year increases in average premium rate changes for personal auto and personal property lines. Average personal auto premiums increased in all provinces compared with the previous quarter, while average personal property…

Global reinsurance brokerage and advisory firm Gallagher Re has appointed Minesh Jani as Chief Executive Officer (CEO), India, with effect from June 2026. Jani is a veteran of the reinsurance industry with over thirty years of experience. Most recently, he served as Managing Director of the DIFC branch of Howden Insurance Brokers Limited. Prior to…

Artificial Labs, a provider of digital brokerage and underwriting technology for the specialty and commercial insurance markets, has successfully closed a $45 million Series B funding round. The capital injection marks an important milestone for Artificial as it continues to grow and expand its global market share. “This round of financing gives us room to…

Andrew Krasner, chief financial officer (CFO) and co-head of corporate development at global insurance broker WTW, today revealed that the company is pleased with Willis Re’s participation in the recent January 2026 renewal. After completing the sale of its Willis Re treaty reinsurance business to Arthur J. Gallagher & Co. in late 2021, WTW confirmed…

Global insurance and reinsurance brokerage Howden has expanded its operations into Fiji with the opening of its newest office in Suva. This strategic expansion is in line with Howden’s long-term plan to provide innovative insurance and risk solutions based on the needs of its customers in the Pacific region. The broker explained that the move…