S&P Global Ratings welcomes the Prudential Regulation Authority (PRA) new measures to control the spike in funded reinsurance (Funded Re) transactions and believes they will mitigate the associated risks, if implemented properly .

MAPFRE is reporting earnings of €155m in Q1 2022, with premiums growing by over 10%.

Doe & Emuss (D&E), a boutique Professional Liability underwriting manager, has launched with approved coverholder status at Lloyd’s.

The United Nations Environment Programme (UNEP) hosted the Forum for Insurance Transition (FIT), which recommended establishing an International Taskforce on Climate Resilience and Transition Insurance.

S&P Global Ratings has decided to withdraw a number of its controversial proposals for new criteria regarding the rating of insurance and reinsurance companies, after receiving negative feedback from the industry.

Allstate, the US primary insurer has reported estimated catastrophe losses of $286 million for the month of October, which includes $102 million, pre-tax from hurricane Milton, taking total catastrophe losses for October year-to-date to $4.84 billion or $3.82 billion, after-tax.

The European Insurance and Occupational Pensions Authority (EIOPA), which oversees the regulation and supervision of the insurance and pensions sectors in the European Union, is seeking feedback on its consultation paper regarding the creation of an awareness tool.