Matthew Lerner

Jan. 1 reinsurance renewals were broadly down globally as expanded capital coupled with an increased appetite to take on risk drove more competition for property and casualty business.

The wildfire engulfing the Los Angeles area will result in insured losses that materially exceed highs from past wildfire events but are not likely to affect ratings of property/casualty insurers and reinsurers, according to a note Tuesday from Fitch Ratings Inc.

Specialty insurer Relm Insurance Ltd. Tuesday launched three artificial intelligence insurance products to meet what it called rising demand.

General Re Corp. said Tuesday that Kathy Abel will be promoted to manager, casualty facultative North America, succeeding Christopher J. Brock, who is retiring.

Cyber incidents — including cybercrime, IT network and service disruptions, malware and ransomware, data breaches, fines and penalties — comprise the leading global business risk for 2025, according to the annual Allianz Risk Barometer, released Wednesday.

Global reinsurers' profitability is forecast to remain strong in 2025 despite markets being broadly down in the mid to high single-digit percentages at Jan. 1 renewals , according to a report Thursday from Fitch Ratings Inc.

XS Brokers Insurance Agency Inc. Thursday said it would launch a cyber liability division.

Global insured losses from natural catastrophes are estimated at $154 billion for 2024, 27% above the 10-year average from 2014-2023 of $121 billion, according to a report Tuesday from Gallagher Re…

Descartes Underwriting SAS Wednesday said it has launched a parametric insurance product to protect utility-scale solar farms against tornado damage.

Verisk Analytics Inc.'s Extreme Event Solutions group Wednesday forecast insured losses to property for the Palisades and Eaton fires combined will fall between $28 billion and $35 billion.