PERILS has estimated that the European windstorm series over Britain and Europe in February caused a loss to the insured property market of €3,610m up from its March estimate of €3,289m.

Markel Insurance, the insurance arm of Markel Group Inc., has strengthened its International War and Terrorism unit in the US with the appointment of Joshua Watson as Senior Underwriter and Bridget Canderelli as Underwriting Support Specialist.

UK insurer Direct Line Group has rejected Ageas’ recently announced offer for the company, labelling it “unattractive” and “highly opportunistic”.

Jim Williamson, CEO of Bermuda-based re/insurer Everest, said today that he expects the mid-year reinsurance renewals to be attractive, and that he doesn’t see property catastrophe reinsurance rates decreasing to a level that makes it a less appealing business for the firm.

Providing insight from the 2024 World Economic Forum in Davos, Swiss Re’s CEO P&C Re, Urs Baertschi, suggested many business leaders view AI as an evolutionary technology, rather than a revolutionary one, though he remains hopeful that it will have a positive impact on the re/insurance industry.

Global insurer and reinsurer SCOR has made a key appointment in the Asia Pacific region, appointing long-standing employee and former retrocession specialist Augustin Gas as Chief Underwriting Officer for APAC fast growth markets.

Worldlink Specialty, LLC, a provider of specialised insurance products for the aviation and aerospace industry, has revealed its new digital portal, offering easy access to its exclusive range of aviation insurance solutions.