Archives for July 2025

Everest’s reinsurance segment again led the business in Q2 2025, posting $436 million in underwriting income and a combined ratio of 85.6%, despite $98 million in pre-tax aviation losses tied to the Russia–Ukraine war, which added 3.2 points to the ratio. Notably, catastrophe losses in Q2 2025 were relatively low at $20 million for Everest’s reinsurance business, […]

Davies, a specialist professional services and technology provider for the insurance and regulated markets, is expanding its existing flood claims management with the launch of a new dedicated flood services division. This new division, led by Jessica Chambliss as Senior Vice President, Flood Services, will allow Davies to manage large-scale claims in North America, including […]

Reinsurance giant Munich Re has estimated that global insured losses from natural catastrophe events reached $80 billion in H1 2025, marking the second-highest H1 figure since its records began in 1980. The $80 billion in insured losses during H1 2025 compares to $64 billion in H1 2024 and is surpassed only by H1 2011, when […]

Volante Global, an international Managing General Agent (MGA) and Lloyd’s Syndicate owned by global fintech Acrisure, has appointed Demian Smith as its new Chief Executive Officer (CEO), subject to current contractual obligations and regulatory approval. Smith started his re/insurance industry career in 1995, and has since successfully built and transformed businesses across the broking and underwriting […]

Catastrophe Indices and Quantification Inc. (CatIQ), an independent Toronto-based provider of catastrophe insurance data and a subsidiary of PERILS, has released its fifth industry-wide loss estimate for the wildfire that swept through Jasper, Alberta, from July 22 to August 17, 2024. The latest estimate pegs insured losses at CAD 1.313 billion, up from the previous […]

AM Best, the credit rating agency, has issued a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior) to HDI Global UK Limited, a United Kingdom-based subsidiary of HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.), with both ratings accompanied by a stable outlook. The assigned ratings reflect HDI […]

Global insurer American International Group, Inc. (AIG) has appointed Glen Browne as its new Global Head of Accident & Health (A&H), effective September 3rd, 2025. He will be based in Zurich, Switzerland and report to Jon Hancock, Executive Vice President and Chief Executive Officer (CEO), International Commercial Insurance and Global Personal Insurance. In his new […]

Lockton Re, the reinsurance business of the independent insurance broker, has appointed Jim Franson as North America Chairman. Jim Franson joins Lockton Re with over 35 years of re/insurance experience, having most recently served as President at Validus Re US. At Validus, he reportedly built a team and organisation with a portfolio of Property and […]

QBE North America (QBE NA), part of the global insurer QBE, has promoted Jordan Atkinson to President of NAU Country Insurance Company, effective August 18th, 2025. He succeeds long-serving NAU Country President, Jim Korin, who announced his intention to retire earlier this year. NAU Country is QBE North America’s $4 billion Crop insurance business, specialising […]

The US private flood insurance market is growing, addressing the nation’s significant gap between economic and insured losses from flood events, which remain largely underinsured despite being one of the costliest perils for homeowners, a recent report by Fitch Ratings has revealed. In the US, flood insurance historically had a very low take-up rate. Most […]