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 … [Read More...] about AccuWeather estimates up to $52bn in economic losses from Hurricane Melissa

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 … [Read More...] about SCOR sees opportunities to grow in US cat at 1/1: Jean-Paul Conoscente

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 … [Read More...] about AXA XL Reinsurance premiums increase 8% in 9M’25

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 … [Read More...] about Starr to acquire IQUW Group

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 … [Read More...] about We remain bullish on property cat reinsurance ahead of Jan renewals, says Arch CEO