June/July renewals characterised by ‘broadly competitive environment’ as reinsurers, ILS markets and new entrants look to deploy capacity and grow market share, global broker says

US agrees to pull Section 899 ‘retaliation tax’ from Trump budget currently in Senate

Incline National Insurance and Florida Insurance and Reinsurance given green light by regulators

New insurance contract rules threaten to disrupt market practices and could affect the availability of capacity in Brazil, Rafaela Barreda, president of trade association Fenaber, says

Insured losses expected to be ‘well below’ those caused by 2023’s Hurricane Otis, rating agency AM Best says

Bermuda-based carrier appoints legacy specialist Catalina executive as group chief risk officer

Pluvial, fluvial, and coastal floods are covered up to $70m per contract, with escalating payouts based on flood depth at the insured site

State’s last resort property insurer had routinely denied smoke damage claims, judge finds

Takeout follows Mangrove's assumption of 30,000 policies from the state's last-resort insurer in April

Regulators worry moratorium could erode state oversight of use of artificial intelligence technology by insurers

Aviva and Talanx are the top-performing stocks to date, with Axa, Fairfax and SiriusPoint also posting good gains, but Lancashire has struggled

Florida last resort carrier’s policy count fell below 800,000 last week, but is expected to rise during hurricane season, chief executive says

Aflac, Erie Indemnity and Philadelphia Insurance have been hit by cyber attacks this month

Claims payments surpass $300m on North American representation and warranty policies

Brit Flood will offer instant quotes for primary US residential flood insurance

Global specialty re/insurer hires Steven Goldman from CNA for new role