CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fourth industry loss estimate for the ice storm that affected Ontario and Quebec from March 28 to 31, 2025, raising losses to CAD 490 million.
Alternative Risk Transfer/Captives, P/C Insurers Zurich
Bermuda-based specialty P&C re/insurer Sompo International Holdings is targeting a combined ratio of 88%, as well as growth in profit and premiums, as part of its new forecasts for 2023.
After adding some $850 million of coverage to its Nationwide Excess Catastrophe Reinsurance program in the first-quarter of 2022, US primary insurer Allstate has secured almost $600 million of additional protection for its Florida Excess Catastrophe Reinsurance program for 2022-2023.
White Mountains, a Bermuda-domiciled financial services holding company, has announced it has agreed to sell most of its ownership in Bamboo, a data-enabled insurance distribution platform, to funds advised by CVC.
Agents and Brokers, Mergers and Acquisitions Alliant Insurance, Aon, Arthur J. Gallagher & Co., Brown & Brown, Marsh & McLennan, USI Insurance Services, Willis Towers Watson
Echo Reinsurance Limited (Echo Re), a Swiss-based reinsurer, reported gross written premiums of $482 million in its full-year 2024 results, marking a 7.3% increase from $449 million in 2023.
Employment Practices, P/C Insurers United Kingdom Lloyd’s of London
The Natural Hazards Commission Toka Tū Ake (NHC) has announced plans to begin a new procurement process for reinsurance broking services, as it looks ahead to the next stage of its reinsurance programme starting in 2027.
Juan Andrade, President, CEO and Director of Bermuda-based reinsurer Everest Re, has said that he expects further improvements in the reinsurance market going into the January 2023 renewal period.
A tightening of market liquidity from central banks may present opportunities for insurers and reinsurers to move closer together, says a new article from Swiss Re.
Catastrophes, Disaster Management, Financial Results, P/C Insurers
