U.S.-China tariff truce offers relief — and plenty of uncertainty
Here’s what an agreement by the U.S. and China to suspend steep tariffs for 90 days means for consumers, businesses and the economy.
House committees vet budget proposals that include Medicaid cuts, work requirements
Several House committees are meeting on budget package proposals that could include cuts to Medicaid and work requirements for those receiving benefits. CBS News congressional correspondent Nikole Killion reports.
Kim Kardashian set to testify in Paris robbery trial
Nearly a decade after being held at gunpoint and robbed of millions, Kim Kardashian is facing her alleged attackers in a Paris courtroom.
wefox sells Italian entities to J.C. Flowers & Co., completes restructure
Insurtech wefox has agreed to sell 100% of the shares in its Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., to funds managed by J.C. Flowers & Co., a global private investment firm investing in the financial services industry. The transaction is expected to be completed by the end of the second quarter […]
IRB (Re) net income increases 50% in Q1’25 despite 13.34% written premiums decrease
Brazilian reinsurer IRB (Re) has announced its financial results for the first quarter of 2025, reporting net income increase of 50%, to R$118.6m (approximately US$20.89m), despite a 13.34% decrease in total written premiums, which stood at R$1,247.9m (approximately US$219.97m). This quarter’s net income compares to Q1 2024’ R$79.1m (around US$13.93m), which also saw R$1,440.1m in […]
Imaginera targets leadership in big-ticket re/insurance software market with Orca
Bevis Tetlow, CEO of Imaginera, has suggested that the company is positioning itself as the leading provider of services and software, focused on the big-ticket insurance and reinsurance market, highlighting its deep understanding of market processes as it’s key to delivering purpose-built solutions. In an interview with Reinsurance News, Tetlow emphasised the importance of truly […]
Global insured losses reach $146bn in 2024, driven by hurricanes & SCS: Swiss Re
A new report from the Swiss Re Institute has revealed that global insured losses reached $146 billion in 2024, up from $125 billion in 2023 and significantly exceeding the 10-year average of $108 billion. Natural catastrophes accounted for $137 billion of 2024’s losses, an increase from $115 billion in 2023 and well above the 10-year […]
Munich Re ‘optimistic’ for mid-year renewals, US property cat still attractive: CFO Jurecka
Christoph Jurecka, Chief Financial Officer (CFO) of global reinsurance company Munich Re, said today that while it’s still early days, the firm is optimistic ahead of the key mid-year reinsurance renewals as pricing remains attractive despite some softening so far in 2025, while the firm still sees the US property catastrophe space as a growth […]
Kim Kardashian set to take stand in Paris trial over 2016 armed robbery
Kim Kardashian is to speak at the Paris trial of 10 people who stand accused over a 2016 robbery in the French capital during which she was held at gunpoint.
LMA welcomes Canopius’ Newman to its board
Mark Newman, Chief Executive Officer of Canopius UK and Canopius Managing Agents, has joined the Lloyd’s Market Association (LMA) board as Kate Roy, Group Chief Operating Officer of Canopius, has stepped down. Newman has served as Canopius UK CEO since January 1st, 2024. He has been with the specialty re/insurer since 2016 when he joined […]