Intact Financial Corp Reports Catastrophe Claims Exceed Projections by 150% in Q2
Intact Financial Corp's Q2 catastrophe losses soared to $416 million, reflecting a 150% increase over initial projections of $169 million.
Investment strategies and portfolio management
Intact Financial Corp's Q2 catastrophe losses soared to $416 million, reflecting a 150% increase over initial projections of $169 million.
Chinese regulators are enhancing support for foreign reinsurers and brokers to boost their presence in the Shanghai International Reinsurance Center.
Marsh completes buyout of Thailand joint venture Jul 10, 2026 U.S.-headquartered Marsh and McLennan Companies Inc. has fully acquired its Thailand joint venture, which will operate as Marsh Risk (Thai...
Perils AG has reduced its loss estimate for windstorm Goretti to €468 million, marking it as a major event in the current European storm season.
Typhoon Bavi has prompted widespread cancellations and rescheduling of flights and ferries in Taiwan, significantly impacting travel across the region.
Travelers has filed a lawsuit to avoid covering a San Francisco firm accused of mishandling private data collected from Meta's AI glasses.
Munich Re Specialty has launched a liability coverage policy aimed at real estate professionals, offering comprehensive protection against various claims.
Swiss Re anticipates a significant slowdown in global insurance premium growth for 2026, primarily from cooling property/casualty rates.
The catastrophe bond market reached an unprecedented $65.6 billion as Q2 issuances surpassed $11.3 billion across 48 transactions, marking significant growth.
The Joint Maritime Information Center has issued a severe risk warning for shipping in the Strait of Hormuz after recent attacks on tankers.
ANV Group has acquired Iris Insurance Brokers, broadening its distribution networks in the U.K. and improving access to specialty insurance.
The U.K. insurance sector experienced a significant uptick in mergers and acquisitions, with transaction values skyrocketing to $11.2 billion in the first half of 2026.
This week's top Business Insurance stories highlight Hub International's IPO plans and significant personnel shifts amidst legal disputes.
The proposed billionaire tax in California could raise vital healthcare funds, sparking intense debate over its potential economic consequences.
Wesley's new AI-driven bookkeeping platform significantly reduces time spent on tasks, enhancing efficiency for accounting firms serving small and medium-sized businesses.
The FDA has issued a Class I recall for over 650,000 potato chip bags from Zapp’s and Dirty brands due to potential salmonella contamination.
J.M. Smucker's coverage obligations from a 2022 peanut butter recall will not be limited, as a federal court ruled on policy definitions and occurrences.
A Texas appeals court upheld a ruling that a worker’s lawsuit against his employer was blocked by the workers’ compensation exclusive-remedy bar.
Amwins enhances its accident and health portfolio by acquiring Jackson-Lloyd, expanding its services for Texas nonsubscribers and Kansas exempt employers.
Alternative reinsurance capital surged to a historic $790 billion in Q1 2026, primarily due to a 4% increase in third-party funds.