Florida’s personal property insurance market sees first underwriting profit in eight years: AM Best Florida’s personal property insurance market reported a significant recovery in 2024, posting its first underwriting profit after eight consecutive years of losses, according to a recent AM Best report.   The sector also recorded a substantial increase in pre-tax operating income, […]

Lee Mooney to succeed Neil Galjaard as MD of Markel UK Markel Insurance, the insurance arm of Markel Group Inc., has appointed Lee Mooney to lead its UK regional business, succeeding Neil Galjaard, who will step down from his role towards the end of June. Galjaard has served as Divisional Managing Director of Markel UK […]

June renewals reflect market transitioning from disruption to disciplined recalibration: Howden Re Howden’s global reinsurance, capital markets, and strategic advisory arm, Howden Re, has noted a continued moderation in property-catastrophe reinsurance pricing at 1 June 2025, while underwriting rigour reportedly persisted, especially in structurally challenged layers. According to a new report from Howden Re, following […]

  IRB(Re) sponsors Brazil’s inaugural ILS transaction, R$33.7m Andrina Brazilian reinsurer IRB(Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance Entity (SSPE), has issued the first insurance-linked securities (ILS) transaction in the country, a R$33.7 million transaction (USD 5.9m) covering risks related to the reinsurer’s surety bond portfolio. This issuance of the first ILS […]

American Integrity lifts reinsurance limit by 45% to $2.59bn amid premium and exposure growth Florida headquartered property insurer American Integrity Insurance Group has completed the placement of its 2025-2026 catastrophe excess-of-loss reinsurance program, lifting the amount of limit secured by 45%, or $799 million year on year to $2.59 billion. Effective June 1st, 2025, the […]

Palomar extends earthquake reinsurance coverage to $3.53bn at June 1 Palomar Holdings has completed key reinsurance placements effective June 1, 2025, adding approximately $455 million in incremental limit to support its expanding Earthquake franchise, bringing total earthquake coverage to $3.53 billion and U.S. hurricane coverage to $100 million. The firm explained that per occurrence event […]

Florida’s personal property insurance market sees first underwriting profit in eight years: AM Best Florida’s personal property insurance market reported a significant recovery in 2024, posting its first underwriting profit after eight consecutive years of losses, according to a recent AM Best report. The sector also recorded a substantial increase in pre-tax operating income, reflecting […]

‘Transformational’ Brazos and Twenty Mile merger enables Revau strategic expansion across NA Canadian managing general agent (MGA) Revau, a specialist in property and casualty insurance, is expanding its footprint in the US through its recent partnership with Brazos Specialty Risk Insurance and Twenty Mile Insurance Services, two independent, Texas-based MGAs. In addition to broadening its […]

Universal subsidiaries complete $2.526bn reinsurance program for 2025–2026 Universal Insurance Holdings’ wholly-owned insurance subsidiaries have completed their combined reinsurance program for the 2025–2026 period, setting the top of their reinsurance tower for a single All States event (including Florida) at $2.526 billion. This represents an increase of $110 million compared to the 2024–2025 program. The […]

SanlamAllianz Re’s Synapse 2025 a catalyst for collaboration on Africa’s future SanlamAllianz Re’s Synapse 2025 event served as a catalyst for bold dialogue, strategic partnerships, and forward-thinking innovation, reinforcing confidence in Africa’s future, according to the reinsurance provider’s CEO, Ilyes Hassib. More than just a conference, the three-day Synapse 2025 event in Mauritius brought together […]