UK-domiciled flood science specialist JBA Risk Management is establishing its Indian operations by opening an office in Bangalore next month, led by Mansi Kalra as Managing Director (MD).

Trident Reciprocal Exchange, a technology-driven, Florida-focused, and member-owned insurance company, has announced the appointment of Ryan Hodges as Chief Executive Officer.

Specialty property insurer Palomar Holdings has reported a net income of $14.5 million for Q122, a 12.6% decline when compared to the same period last year which saw the company report a net income of $16.6 million.

Global insurers AXA and Generali have announced their support for the Insurance Development Forum (IDF)’s Infrastructure Resilience Development Blueprint, an initiative aimed at mobilising and facilitating insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities to risks from climate change and other natural disasters.

Casualty insurance has seen a decline in coverage and pricing in the first quarter of 2022, with both of them presenting potential challenges to the market, according to the latest Alliant report.

According to a new report from Munich Re, thunderstorms in North America and Europe in 2023 were “more destructive than ever before”, driving overall losses of $76 billion, and insured losses of $58 billion.