Karen Clark & Company (KCC), a provider of catastrophe risk models and analytics to the insurance industry, has announced that its US Hurricane Reference Model Version 5.0 has been officially … [Read More...] about KCC US Hurricane Model 5.0 receives certification from Florida Commission on Hurricane Loss
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KCC US Hurricane Model 5.0 receives certification from Florida Commission on Hurricane Loss
Impact of Section 899 of US Tax Bill to be ‘relatively manageable’ for re/insurers: Berenberg
The main risk of Section 899 of the US Tax Bill for European insurers and reinsurers relates to a tax on dividends from their US subsidiaries, however, the impact on earnings is expected to be … [Read More...] about Impact of Section 899 of US Tax Bill to be ‘relatively manageable’ for re/insurers: Berenberg
Reinsurers may re-evaluate Canadian exposure amid rising wildfire losses: Morningstar DBRS
With Canada’s 2025 wildfire season poised to become one of the most destructive on record following a historically damaging 2024, reinsurers are likely to re-evaluate their Canadian exposure, … [Read More...] about Reinsurers may re-evaluate Canadian exposure amid rising wildfire losses: Morningstar DBRS
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Prepare Your Vehicle for Safe Summer Driving 2024
The foundation of summer … [Read More...] about Prepare Your Vehicle for Safe Summer Driving 2024
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US P/C insurers hit by $1.1bn underwriting loss in Q1’25 primarily due to LA wildfires: AM Best
According to credit rating agency AM Best, the US property and casualty (P/C) insurance industry recorded a $1.1 billion net underwriting loss in the first quarter of 2025—a significant decline from the $9.4 billion gain reported during the same period in … [Read More...] about US P/C insurers hit by $1.1bn underwriting loss in Q1’25 primarily due to LA wildfires: AM Best
Transamerica Life Bermuda to establish in Dubai following DFSA licence approval
Transamerica Life Bermuda, a global high-net-worth (HNW) life insurer, is expanding its international presence with the establishment of a new base in the Dubai International Financial Centre (DIFC). This strategic move follows the successful acquisition of a … [Read More...] about Transamerica Life Bermuda to establish in Dubai following DFSA licence approval
VIG Re appoints Swiss Re’s Milan Padych as CIO
VIG Re, the reinsurance arm of Vienna Insurance Group, has announced the appointment of Milan Padych as Chief Information Officer (CIO). Padych joins VIG Re from Swiss Re, where he served as Head of Information Technology, overseeing the development and … [Read More...] about VIG Re appoints Swiss Re’s Milan Padych as CIO
ABI names Chris Bose Director of General Insurance & International
The Association of British Insurers (ABI), the trade body representing the UK’s insurance and long-term savings industry, has announced the appointment of Chris Bose as Director of General Insurance & International, effective August 11, 2025. Bose, an … [Read More...] about ABI names Chris Bose Director of General Insurance & International
Renewal rates up YoY for all commercial lines except Workers’ Comp in May: Ivans
Ivans, a division of Applied Systems, has released the May 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year across all major commercial lines of business except Workers’ Compensation. Month over month, … [Read More...] about Renewal rates up YoY for all commercial lines except Workers’ Comp in May: Ivans