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CatIQ, a Toronto-domiciled organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has disclosed an elevated third industry loss estimate of CAD 491 million for the severe thunderstorm event that struck parts of southern Ontario and southern Quebec between 30 June and 3 July 2026. The firm clarified that this third estimate provides…
On the latest episode of Ant and Dec’s Beltabox podcast, the presenting duo were taken aback by an email from one listener. In it, the fan suggested that the iconic drumbeat in the I’m A Celebrity, Get Me Out Of Here theme song bears a striking resemblance to the 1994 song Tonight I’m Free (Cool…
Karen Clark & Company (KCC) has released Version 5.0 of its US Severe Convective Storm (SCS) Model, incorporating a range of advancements aimed at further strengthening the firm’s approach to quantifying losses from one of the weather perils driving a significant share of insured property losses. “The world is getting more complex, the climate is…
The World Health Organisation (WHO) has said Russian health authorities have reported that “no case of plague” has been registered in Irkutsk Oblast, where a lab technician recently died from a mysterious illness. The 28-year-old laboratory technician worked at the Irkutsk Anti-Plague Research Institute of Siberia and died last week after being diagnosed with pneumonia…
Amwins, a distributor of specialty insurance products and services, has launched illumin Specialty, a managing general agency (MGA) offering primary general liability and excess liability coverage. Led by industry veteran Rebecca Gitig, illumin Specialty will reportedly focus on developing practical coverage solutions for challenging exposures across segments where market dislocation and technical complexity can make…
Vladimir Putin launched a “massive strike” on Ukraine overnight just as the autocrat prepared to celebrate his birthday. The Russian dictator turns 74 today and evidently marked the occasion by upping the ante against his neighbour more than four years after he first invaded the country. At least 11 people – including five children –…
Veteran actor Eva Marie Saint has died at the age of 102. Eva made her big-screen debut in 1954’s On The Waterfront, going on to win an Oscar for her performance as Marlon Brando’s love interest in the movie. Her other notable screen credits included A Hatful Of Rain, Exodus and North By Northwest. Jeff…
Black Friday comes around every year and it’s a day that many people look forward to because it means you can secure great deals on your Christmas shopping. It’s marked in most people’s calendars. The term has been floating around for years, but many people don’t actually know where it came from or why it…
AmTrust Financial Services, Inc., a global specialty property casualty insurer, has launched a new subsidiary, East Reinsurance Services (East Re), a new treaty property reinsurance business unit led by Kevin Sullivan as the Head of Property Reinsurance. East Re will provide proportional treaty property reinsurance solutions across North America. The reinsurer will initially focus on…
Bay Harbor Re, a reinsurance company specialising in property and casualty business, has announced the appointment of three new team members: Kelly Skogheim (ACAS), Mya Price, and Ben Krehbiel. Skogheim joins Bay Harbor Re as Senior Actuarial Data Scientist. According to the company, Skogheim becomes its fifth team member to hold an ACAS designation and…