With the costs from extreme weather and natural catastrophes rising, Zurich Insurance has released a report highlighting the urgent need for action from governments, insurers, and communities to collaboratively build climate resilience. According to the firm’s report, the past decade has seen $2 trillion in economic losses due to extreme weather and natural catastrophes, with […]
Aspen Insurance Holdings Limited has released its unaudited results for the first quarter of 2025, reporting an increase in gross written premiums (GWP) alongside a notable decrease in profitability. The Bermuda-based re/insurer reported GWP of $1.287 billion for Q1 2025, up from $1.231 billion in the same period last year. Year on year, net premiums […]
American Integrity Insurance Group has launched the roadshow for its proposed initial public offering (IPO) of 6,875,000 shares of common stock, with the company intending to use the net proceeds for general corporate purposes, which may include contributing capital to its insurance subsidiary. The IPO price is expected to range between $15.00 and $17.00 per […]
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Bob Zimardo as Senior Vice President (SVP), Investments and Investor Relations. In the new role, he will report directly to Sarah Doran, Chief Financial Officer, and be responsible for investments and investor relations activity. Zimardo has over two decades of experience across asset management, […]
Cincinnati Financial Corporation has reported a net loss of $90 million for the first quarter of 2025, compared with net income of $755 million for the same period a year earlier. The loss was driven in part by a $56 million after-tax reduction in the fair value of equity securities still held in Q1’25. The […]
Brace UK & Europe, a specialist underwriter focused on multi-line and alternative risk solutions and backed by Beat Capital Partners, a subsidiary of Ambac Financial Group, Inc. has appointed Amie Townsend as Senior Underwriter. The appointment is effective immediately. Townsend will be based in London and will report directly to Martin McBrearty, Head of Brace […]
Aspen Insurance has launched an initial public offering of 11 million Class A ordinary shares ($0.001 par value), all being sold by entities affiliated with Apollo Global Management, its parent company. Aspen has revealed that the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,650,000 ordinary shares. The […]
FERMA has announced its support for a joint proposal by the European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) to establish a European public-private reinsurance scheme aimed at mitigating the impact of natural catastrophes. The proposal outlines a two-pillar EU-level solution designed to close the widening insurance protection gap for […]
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of Eleanor Gibson as International Chief Underwriting Officer (CUO), effective May 6th, 2025. Based in London, Gibson will report to Rob Gibbs, President & CEO of SiriusPoint International, and Anthony Shapella, Group Chief Underwriting Officer. In her new role, she will provide strategic leadership to underwriting […]
From April 2, 2025—“Liberation Day,” when the US announced sweeping tariffs on European imports—through to the market close on April 9, European insurance stocks declined by 11%, broadly in line with the wider equity market. The move reflected wider investor unease around escalating trade tensions rather than any direct, material exposure to the tariffs themselves. […]
