Van Bakel added that the concentration of assets that were exposed to the wildfire has impacted loss estimates because most wildfires are in boreal forests, where property is not densely concentrated ...

IQUW has appointed Andrew Tongue as lead underwriter to head its credit and political risk team. Tongue joins from Canopius ...

Unicorn Underwriting, an existing UK MGA focused on fleet and commercial risk, is led by Simon Jackson. Contour Underwriting is a newly launched specialty lines MGA, with open distribution.

Arch Capital expects its California wildfire losses to fall between $450mn-$550mn based on an industry market loss estimate ...

Mereo has revealed its additional backers – in addition to cornerstone investor Susquehanna – are Andover and Ares Management ...

The California Fair Plan (CFP) has already paid out more than $700mn for damages related to this year’s Los Angeles wildfires ...

Pool Re’s retrocession agreement with HM Treasury will provide the opportunity for more of the financial risk from terrorism ...

Weather related damage to homes and possessions cost £585mn ($724.5) in 2024, according to the latest data from the ...

The downstream energy market is bracing for a loss north of EUR600mn ($618mn) following a major fire at a Bayernoil refinery ...

The Alberta hailstorm of August 2024 resulted in an estimated insured loss of C$3.25bn ($2.27bn), according to the fourth industry loss update from CatIQ. The figure, up 10% on CatIQ’s previous ...

Mapfre Re has announced a restructure of its business, with a raft of new appointments as it aims to improve its agility and ...

Rates are set to continue to fall in the “buoyant” financial institutions (FI) market this year, and debate around pricing ...