Despite Hurricane Melissa’s significant human and economic toll on Jamaica, Cuba, and other Caribbean islands, the event’s cost to the global reinsurance sector is unlikely to alter overall market dynamics, though it may give underwriters added leverage in renewal negotiations, according to Willis Re.

Zurich North America (NA), a provider of insurance and risk management services, has strengthened its leadership with Heather Fox now set to lead the US National Accounts business.

Paul Cooper, CFO of specialist insurer Hiscox, said today that the company’s strong level of return within London Market and Re & ILS is a reflection of the excellent rating environment over the past couple of years.

With the US enduring two major hurricanes and numerous severe thunderstorms in 2024, it has contributed to at least two-thirds of the estimated global insured losses for the year, which exceed $135 billion, according to a new report from Swiss Re.

Arch Capital Group Ltd., the Bermuda-based insurer and reinsurer, has reported a 62% year-on-year rise in underwriting income to $871 million for the third quarter of 2025, driven by a significantly stronger underwriting performance in its reinsurance business.

IVANS has reported an increase in average premium renewal rate change across all major commercial lines in the fourth quarter of 2023.

OdysseyRe has announced that Michael Finnegan has re-joined the company as Senior Vice President (SVP) and Head of US General Casualty treaty.

hyperexponential (hx), a UK-based pricing decision intelligence platform for re/insurers, has partnered with Duck Creek Technologies, a provider of intelligent solutions for the property and casualty insurance industry, to drive performance and profitability for the P&C industry.

Acrisure Re, the reinsurance division of global insurance broker and fintech platform, Acrisure, has entered into a strategic broking partnership with German broker, LEUE & NILL, effective immediately.