Carrier

Battery Ventures, a global technology-focused investment firm, has made a strategic investment in Descartes Underwriting, a global corporate parametric insurance specialist. The transaction was executed at a premium to Descartes’ most recent Series B valuation. It allows Battery to join the company’s shareholder base, while all existing investors retain a large majority of their holdings. […]

Wipro Limited, a provider of AI-powered technology services and consulting, has released a report which shows that AI spending is set to grow significantly within insurers’ IT budgets. The study, “The AI Advantage: Building Tomorrow’s Insurance Enterprise,” surveyed 100 senior executives from US insurance companies with annual revenues above $500 million and reveals a clear […]

The average cost of home insurance in the US has increased faster than inflation over the past 20 years, driven by natural disasters, higher repair costs, supply chain disruptions, and population shifts into high-risk areas, according to the Insurance Research Council (IRC). A new research brief from the IRC finds that insurance spending has consistently […]

The Board of African Risk Capacity Ltd (ARC) has announced the appointment of David Maslo as interim CEO, effective 16th June 2025. Maslo brings a strong combination of actuarial expertise and policy insight to this role. He returns to ARC Ltd after serving as Chief Risk Management Officer at the Caribbean Catastrophe Risk Insurance Facility […]

At S&P Global Ratings’ 41st Annual North American Insurance Conference, the key topic of conversation was uncertainty, yet S&P believes the industry is well-positioned to withstand it, viewing global reinsurance and North American life and property/casualty (P/C) insurance as stable. The main areas of uncertainty—and volatility—on the minds of S&P’s external panelists were economics and […]

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 certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). KCC is the first modelling firm to earn certification under the commission’s updated standards. […]

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 relatively manageable, according to Berenberg. Section 899 of the US Tax Bill, passed by Congress on 22nd May, 2025, would […]

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, according to a recent report by Morningstar DBRS. As of June 2025, Canada’s wildfire season is once again testing the resilience of the property and casualty (P&C) […]

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 2024. The drop was primarily driven by elevated losses from the January wildfires in […]

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 licence from the Dubai Financial Services Authority (DFSA), a global financial centre in the Middle East, Africa, and […]