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MAPFRE COP30 report urges insurance-government collaboration amid rising losses
Global insured losses to catastrophe losses rising 5-7% annually have compelled Spanish insurer MAPFRE to urge greater public-private cooperation to confront climate losses.
Intersys: Awareness then action – containing re/insurance’s shadow AI threat
For re/insurers, AI governance should be considered a cyber control, not a separate compliance initiative, writes Matthew Geyman, Managing Director, Intersys
KCC estimates $2.4bn insured loss from Hurricane Melissa
Category 5 storm devastates western Jamaica and eastern Cuba, but insurance penetration remains low, according to Karen Clark & Company.
Moody’s RMS estimates up to $5bn insured losses from Hurricane Melissa in Jamaica
Category 5 storm brings generational destruction to the Caribbean island of Jamaica, with recovery expected to take years
Pen Underwriting names Doyle as CEO for Ireland
Former Ivernia chief to lead new standalone trading division from March 2026
Willis adds three senior hires to strengthen GB fac team
Fiona Kerr, David Watson and James Kelly join the fac business at Willis, part of WTW, to drive growth in property, retro and casualty D&F broking
Fidelis Partnership launches Blackstone-backed consortium to cover AI data centre construction risks
New facility at the Lloyd’s market offers $250m capacity for high-value AI infrastructure projects
Global insurtech funding reaches $1.01bn in Q3, Gallagher Re reports
Gallagher Re report points to maturing investment landscape with consistent quarterly totals and rising focus on AI-driven commercial solutions
Softening continues at Baden-Baden as European renewals take shape – Spenner
Gallagher Re’s Dirk Spenner says reinsurers face pressure on terms and pricing ahead of 1 January renewals in Europe, as oversupply of capacity and benign loss experience continue to shift negotiations in buyers’ favour
Bright to lead US underwriting strategy at Carbon
Ex TMK and Adeptive executive joins to drive US expansion of the London market MGA
Postlewhite to become Conduit CUO in January
Former QBE Re and Aspen executive to lead underwriting strategy across property, casualty and specialty at Conduit Re from early 2026
Gallagher Re backs PhD research into Asia’s natural catastrophe risks
Reinsurance broker partners with NTU Singapore to fund hazard research into cyclones, tsunamis, flooding and disaster response
Gallagher Re launches cyber reinsurance framework to boost APAC capacity
Reinsurance broker aims to match regional cyber demand with global capital through flexible facility structure
Verisk estimates Hurricane Melissa insured losses at up to $4.2bn
Storm sets record as Jamaica’s most intense landfall and ties as strongest global landfall hurricane on record
Lockton Re strengthens capital advisory with new legacy hires
Patel to lead global transaction structuring and reserving analytics as McGregor takes charge of North America retrospective reinsurance and legacy solutions
Moody’s warns Jamaica faces vast uninsured losses from Hurricane Melissa
Economic losses from Hurricane Melissa will far exceed insured payouts, Moody’s Ratings has warned, exposing Jamaica’s limited protection against extreme weather events
Fidelis Partnership launches Blackstone-backed Lloyd’s syndicate
Syndicate 2126, capitalised by funds managed by Blackstone, will target $300m in gross written premium in 2026 as The Fidelis Partnership expands its Lloyd’s of London platform
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