Carrier

Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, generated improved year-on-year net underwriting earnings across its re/insurance operations of $2.4 billion for the third quarter of 2025 ($750m Q3’24), and $5.7 billion for the nine month period ended September 30th, 2025 ($5.6bn 9M’24), as both the reinsurance and primary businesses reversed the quarterly loss […]

Hurricane Melissa, the first Cat 5 storm to make landfall in Jamaica’s history and among the strongest storms ever recorded in the Atlantic, has caused $48 billion to $52 billion in total damage and economic losses, according to AccuWeather’s preliminary estimates. Hurricane Melissa, with peak winds of 185 mph (298 kph) and a central pressure […]

Jean-Paul Conoscente, Chief Executive Officer of SCOR P&C, said the French reinsurer views the US catastrophe market as attractive, with opportunities to grow given the current level of price adequacy. During SCOR’s Q3 2025 results call, Conoscente emphasised that the company does not regret its decision to increase its risk appetite in US cat. He […]

The reinsurance arm of French insurer AXA’s property, casualty and specialty risk division, AXA XL Reinsurance, achieved, on a comparable basis, an 8% year-on-year increase in gross written premiums (GWP) and other revenues to €2.4 billion for the nine month period ended September 30th, 2025. The solid growth at AXA XL Reinsurance was supported by […]

Starr, the global investment and insurance company has entered into a definitive agreement to acquire IQUW Group, the specialty insurance and reinsurance organisation. The deal is expected to expand Starr’s underwriting capabilities and position the combined company for growth across a broader range of global market segments. IQUW Group operates two syndicates at Lloyd’s of […]

Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based Arch Capital Group, said today that the company remains bullish on the property catastrophe reinsurance business, despite the market being in its second round of rate decreases. As property cat reinsurance rates soften from recent highs, the attractiveness of the business has been a key topic of […]

According to a new report from the credit rating agency AM Best, Canada’s property and casualty (P&C) insurers drew on strong capital reserves, prudent pricing, and sound risk management practices to absorb the financial effects of the country’s costliest year for natural catastrophes. AM Best notes that it is maintaining a stable outlook for the […]

The Insurance Information Institute’s (Triple-I) recent Issues Brief highlighted misconceptions of risk-based pricing in property/casualty insurance, which some perceive as unfair, and recommended solutions, including modernising building codes and proactive mitigation measures. Risk-based pricing means offering different prices for the same level of coverage based on risk factors specific to the insured person or property. […]

Addresscloud, a UK geocoding and property intelligence expert, and Artificial, a London-based algorithmic underwriting and placement company, have partnered to enhance property intelligence and risk insights. The partnership will integrate Addresscloud’s rich, address-level property enrichment directly into Artificial’s platform. This integration will equip underwriters and brokers with access to more granular data, enabling them to […]

Insurance and reinsurance broker McGill & Partners is leveraging Google’s cutting-edge AI and massive Earth observation data capabilities to enhance how they understand, model, and price global risks, particularly those related to climate and natural catastrophes. The broker is collaborating with Bellwether, a group of geospatial experts from X, Alphabet’s Moonshot Factory, to improve disaster […]