Reinsurance
U.S. to Reinsure Maritime Losses in Gulf Up to $20B
The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development ...
Perishables to Plane Parts Stranded as Middle East Conflict Hits Air Cargo
Shipments ranging from fresh produce to airplane parts are in limbo as Middle East conflict squeezes cargo capacity and pushes up freight rates. The U.S. and Israeli air war against Iran has grounded ...
As SCS Losses Grow, Demex Offers Modeled-Loss Reinsurance
Severe convective storms (SCS) have become the costliest insured peril of the 21st century, according to an Aon report published in January. This phenomenon is reshaping the property/casualty ...
What Berkshire’s CEO Abel Said About Insurance
Berkshire Hathaway's chief executive had the unusual task of reporting lower 2025 underwriting and investment income for GEICO and other insurance and reinsurance operations in his first report to ...
AI Got Beat by Traditional Models in Forecasting NYC’s Blizzard
Two days before New York's biggest snowstorm in a decade began, forecasters were still unsure how much snow would fall. One traditional U.S. model had consistently predicted a major hit, while newer ...
Global InsurTech Funding Surges on Record Re/Insurance Investments: Gallagher Re
Investments in global InsurTech rose 19.5% during 2025 to $5.08 billion from $4.25 billion in FY 2024, marking the first annual increase since 2021, according to Gallagher Re's Q4 Global Insurtech ...
Reinsurance Program Could Wipe Out Need for Calif. FAIR Plan: Legal Exec
Merritt Farren, a former high-ranking legal executive at Disneyland and Amazon, has launched a bid to become California's next insurance commissioner. His platform focuses on stabilizing the state's ...
Earnings Wrap-Up: AXIS Expanding Insurance Biz, Shrinking Re Book
Looking for clues about property/casualty insurance carrier profit potential and market conditions for 2026, Carrier Management listened to earnings conference calls for six publicly traded insurers ...