CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fourth industry loss estimate for the ice storm that affected Ontario and Quebec from March 28 to 31, 2025, raising losses to CAD 490 million. The event involved a prolonged period of wintry precipitation across southern Ontario and Quebec, with […]
Archives for September 2025
Protecdiv promotes Cate DelaCruz to EVP and Head of Analytics
Protecdiv, an insurance and reinsurance brokerage firm, has announced the promotion of Cate DelaCruz to Executive Vice President and Head of Analytics, effective immediately. In her new position, DelaCruz will be responsible for leading the ongoing development and strategic direction of Protecdiv’s analytics platform. She has also been tasked with overseeing the creation of proprietary […]
There are challenges, but reinsurance conditions remain favourable: Lockton
The property reinsurance market continues to soften and is not without its challenges as sellers continue to scrutinise secondary perils and re/insurers struggle to develop a universal view on the impact of tariffs and inflation on losses, according to report from broking group Lockton. It’s no secret that property reinsurance rates have softened from the […]
Aon strengthens commercial risk sales in India with new Regional Heads
Aon has announced the appointments of Raghav Arora, Prasanna Kumar, and Preeti D’Silva to its commercial risk sales division in India. Raghav Arora has been named Regional Head, Commercial Risk Sales – North, and Head, Asia Global Solutions at Aon India. Arora brings over 21 years of experience in institutional business development, key account management, […]
Ardian becomes lead shareholder in Diot-Siaci
The Diot-Siaci Group, a specialist insurance and reinsurance broker and consulting group, has announced a major ownership restructuring, with Ardian, a private investment firm as lead financial shareholder. Following exclusive negotiations, both companies have signed a definitive agreement regarding the Group’s new ownership structure. The transaction will see Ardian significantly increase its stake in Diot-Siaci. […]
US P&C insurers post record $89bn investment income in 2024: AM Best
The US property and casualty (P&C) insurance industry generated a record $89 billion in investment income in 2024, marking a 20% year-over-year increase, according to AM Best. The firm reported that the growth was fuelled by higher interest rates, stronger returns from bonds, and increased contributions from cash and short-term holdings. AM Best noted that […]
Planette launches new forecasting platform for insurance and financial industries
Planette, an expert in long-range weather prediction, has announced the launch of Joro, a high-resolution forecasting platform designed for financial institutions and insurance providers. Unlike traditional forecasts, Joro provides full probability distributions for temperature and precipitation, helping companies model extreme weather scenarios with greater accuracy, the firm explains. The platform fills a critical gap by […]
US P&C insurers boost profitability in H1’25 despite cat losses: Moody’s
Moody’s Ratings, the credit rating agency and research firm, reported that US property and casualty insurers delivered stronger profitability in the first half of 2025, even as California wildfires in the first quarter drove substantial catastrophe losses. According to Moody’s, a representative sample of 20 rated insurers posted net income of $27.0 billion for the […]
Casualty insurance pricing remains high, specialty and non-US markets offer opportunities: TD Cowen
TD Cowen, an investment bank and research provider, hosted a field trip to London last week with senior management from prominent re/insurance and broking groups, offering insights into shifting dynamics across casualty insurance and related markets. According to TD Cowen, views on casualty insurance were mixed, with some executives pointing to opportunity, including the view […]
Three-year downward trend in property claims continued in Q2’25: Verisk
The second quarter of 2025 continued the three-year downward trend in total property insurance claims, falling 9.6% compared to the same period last year, however, claims were up 26% from Q1 2025, according to Verisk’s Quarterly Property Report. Verisk attributed the decline in claim volume to non-CAT claims, which dropped 16.8%. CAT claims, by contrast, […]