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Axis Capital and Stone Point launch casualty reinsurer

Monarch Point Re is a collateralised reinsurer with initial capital of $400m

United States Axis Capital

Progressive plans to non-renew 100,000 Florida homeowners' policies

The policies in question include 53,000 high-risk homeowners exposed to hurricanes, floods and other natural disasters

United States Property

NFIP survives as US Congress approves short-term spending bill

The bill gives lawmakers 45 days to come up with a compromise plan for funding for the government's new fiscal year

United States Property

Insurance increasingly recognised as a climate risk tool: Swiss Re

More public-private partnership schemes are coming to market and they are becoming more sophisticated, the European head of the reinsurer’s Public Sector Solutions practice says

International Swiss Re

Viewpoint: Claims data is becoming a major focus for the insurance industry

The rise of data-led insights underscores the importance of analytics in navigating the ever-complex nature of risk

International Casualty

Inflation drives $100bn increase US motor claims over 10 years

Personal motor liability losses have grown faster than premiums, study finds

United States Casualty

Nationwide drops 10,000 home customers in North Carolina

US insurance and financial services group seeks to reduce its hurricane exposure

United States Property

US convective storm losses hit record $50bn in 2023

This year has already seen 17 individual billion-dollar insured loss events and nine multi-billion-dollar events

North America Property

Hiscox agrees to sell DirectAsia motor operations

Sale of motor business in Singapore and Thailand part of strategy to focus on core markets

Asia Pacific Casualty

Iprism acquires property MGA

The specialist MGA has acquired SK Underwriting for an undisclosed sum

United Kingdom Property

Viewpoint: IoT is a flood mitigation game-changer

The application of internet of things sensors allows for accurate flood forecasts and real-time data analysis

United Kingdom Property

Tropical Storm Ophelia slams US east coast

States of emergency declared in North Carolina, Virginia and Maryland, as heavy rains caused widespread flash flooding

United States Property
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