Anthony McKelvy, co-founder and Managing Partner of Cayman Islands-based Northern Re, anticipates the casualty market to remain disciplined through the end of 2025, adding that the multiple years of significant positive rate increases were necessary to address not only the elevated inflationary environment but also the lengthening of claim development patterns.

Tokio Marine Group and The Resilient Cities Network (R-Cities) have entered into a partnership which will see Tokio Marine Group provide industry expertise and support to the Resilience Finance Taskforce, made up of cities and private sector partners to bolster the portfolio approach to investment in city resilience.

iSwiss Financial Group has announced that the United Arab Emirates has granted the group’s new company, iSwiss Reinsurance, a licence to operate in the country’s reinsurance market, from where it will also offer its services globally.