Floodbase raises $5m in funding to advance parametric flood insurance solutions
Floodbase, a specialist in parametric flood risk, has raised $5 million in investment funding, in a round led by Ecosystem,.. Read More
personal Insurance
Munich Re retrocession and sidecar program stable at $1.55bn for 2025
Munich Re has renewed its retrocessional reinsurance program arrangements to provide $1.55 billion in protection for 2025, utilising both traditional,.. Read More
State Farm pegs LA wildfire loss at $7.6bn, with $212m retained after reinsurance
US primary insurance giant State Farm has said that its direct losses from the Los Angeles, California wildfires are currently,.. Read More
NormanMax gets more parametric sensor tech with FloodFlash acquisition
NormanMax Insurance Holdings, the US based parametric insurance and reinsurance group that operates the first pure-parametric syndicate at Lloyd’s, has,.. Read More
Munich Re estimates LA wildfire loss of 1.2bn, reports slight pull-back at Jan renewals
Global reinsurance giant Munich Re has estimated that the January 2025 wildfires in Los Angeles, California could cost the company,.. Read More
TWIA sets PML at $6.227bn for 2025, to require $4.227bn of reinsurance & cat bonds
The Board of the Texas Windstorm Insurance Association (TWIA) met today and one item up for discussion was the setting,.. Read More
W. R. Berkley's Lifson Re sidecar grows to $418m for 2025, quota share rises to 32.5%
The Lifson Re collateralized reinsurance sidecar structure is set to be even more valuable in 2025 to owner W. R.,.. Read More
Valued Policy Law for Personal Property | Property Insurance Coverage Law Blog
Should there be a valued policy law for personal property? A new California bill proposes full insurance payouts...,.. Read More
Future of cyber ILS market hinges on evolving to meet challenges: Gallagher Securities
According to Gallagher Securities, the specialist insurance-linked securities (ILS) and investment banking arm of reinsurance broker Gallagher Re, the future,.. Read More
Reserves ceded to life & annuity sidecars neared $55bn in 2023: AM Best
According to ratings agency AM Best, reinsurance leverage and surplus relief has risen significantly in recent years, driven by strong,.. Read More
Vikram Bhandari appointed Head & CIO of Schroders Capital Solutions
Schroders Capital has announced that it has appointed Vikram Bhandari to the newly-created role of Head and Chief Investment Officer,.. Read More
Evolving cat models & shifts in climate driving attraction towards ILS: Twelve Securis
According to Twelve Securis, the specialist insurance-linked securities (ILS) manager, the combination of advancements being seen in catastrophe modeling, along,.. Read More
