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Spain floods highlight role of state-backed reinsurance for climate risks

A recent report from Fitch Ratings has highlighted the vital role of the state-managed catastrophe insurer, Consorcio de Compensación de Seguros (CCS), in strengthening the Spanish insurance market’s resilience to climate risks, as demonstrated by the recent floods that struck the country.

IGI posts improved Q3’25 CoR amid lower large loss activity

International General Insurance Holdings Ltd. (IGI), a specialist commercial insurer and reinsurer, reported an improved combined ratio of 76.5% in the third quarter of 2025, compared to 86.0% in the same period last year, alongside underwriting income of $51.4 million, up 24.2% from $41.4 million.