Property
PRA warns general insurers could face ‘challenging’ 2025/26
Stress test for general insurers coming in May 2026
US insurers will be ‘deeply impacted’ by tariffs: APCIA president
Additional tariffs could cost carriers up to $60bn in additional motor claims alone, David Sampson says
Rating agencies warn European insurers face tariff blows
Insurers could see earnings decline, claims rise and financing become more difficult
Canada’s Intact and Definity see sizeable jumps in Q1 catastrophe losses
Intact expects to post around C$244m in pre-tax catastrophe losses while Definity anticipates booking around C$50m in catastrophe losses net of reinsurance
Orion180 launches customisable home insurance in Florida
Florida homeowners pay average annual premiums of $5,340, the second-highest of any US state
Gateway Re closes $150m catastrophe bond for Auros
The class A notes will provide three years of cover against named storms in Louisiana, Mississippi, South Carolina and Texas
Hurricane season to be less severe in 2025: TSR
Tropical Storm Risk expects seven hurricanes and three major hurricanes
AM Best downgrades outlook on London market
AM Best report says ‘underwriting cycle management will be a key focus’ for London insurers
Canadian policymakers told to avoid California’s mistakes addressing wildfire risk
Rate suppression cannot be a substitute for risk mitigation, the Insurance Bureau of Canada warns
Florida approves 12th property insurer since reforms enacted
Newly formed Apex Star intends to write fire, homeowners’ multi-peril and commercial multi-peril coverage among other lines
Morningstar downgrades outlook on P&C reinsurers
Analysts cite tariffs, monetary policy and continued hard natural catastrophe seasons as key risks
Florida regulator accuses rival of mishandling consumer complaints
Insurance commissioner seeks ‘really robust framework’
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