Indiana is expected to take the highest share of insured losses, at $71mn, from the estimated $350mn total loss burden stemming from a two-day spring storm outbreak across a number of East Coast and Midwestern US states in April, according to loss compilation agency Property Claim Services (PCS).
Lloyd's (re)insurance broker RFIB has launched a new initiative bringing its US, Canadian and Bermudian operations under a single umbrella.
Catastrophe modelling firm AIR Worldwide has released a preliminary estimate for insured losses from the Fort McMurray wildfire in Canada's Alberta province of C$4.4bn-C$9bn ($3.4bn-$6.9bn), making the event one of the costliest natural disasters in the country's history.
Ajit Jain has appointed Kara Raiguel the new CEO of Gen Re and said the reinsurer is likely to go through a period of change to guarantee its relevance, according to an internal memo seen by Inside FAC
Dear Fac-ster, Fac is - or should be - at the forefront of facilitating new products in our market and helping primary insurers with the capacity and capability required to enable esoteric products to get up and running...
The fragile aviation war market is facing the prospect of another significant claim following the tragic loss of EgyptAir's flight MS804 on 19th May.
Renewed wildfires raging in northern Alberta this week forced further slowdowns in production at a number of oil sands facilities, with further evacuations from oil sands camps making the onshore energy (re)insurance market increasingly nervous.
Ryan Specialty Group's (RSG) ThinkRisk underwriting agency has moved its Converging Risk errors and omissions (E&O) programme from Aspen US to certain underwriters at Lloyd's.
Enstar subsidiary StarStone (formerly Torus) is gunning for the Australian specialty market, having applied to regulators to begin underwriting in the region.
Premium growth in international property helped Brazil's largest reinsurer IRB Brasil Re to a 37 percent increase in first quarter gross written premium compared to Q1 2015.