Cyber is currently a buyer’s market, with rates continuing to soften, according to Marsh McLennan’s Scott Stransky, managing director, head of the Cyber Risk Intelligence Center.

AM Best has removed Scor’s financial strength rating from under review and confirmed the rating as ‘A’. The ratings agency also confirmed Scor’s long-term issuer credit rating as ‘a+’. AM Best placed ...

Property Claims Service (PCS) has increased its Hurricane Milton industry loss estimate by 15% to $17.2bn, up from $15bn as of November, in its third loss update for the event, sources told this ...

The financial loss from last year’s CrowdStrike outage event has amounted to approximately $5.4bn, according to a report from Tokio Marine HCC. The outage impacted 8.5 million people, according to the ...

Karen Clark & Company (KCC) has pegged the insured loss from the Los Angeles wildfires at $28bn. The estimate covers private ...

PIB Group has initiated legal proceedings against Howden’s Dual over the recruitment of 20+ transactional risk (TR) staff ...

The Fidelis Partnership has confirmed it wrote a 5% private placement on the International Group of P&I Clubs’ (IG) ...

Former PartnerRe CEO Emmanuel Clarke is to become Intact’s CEO of global specialty lines at the end of March. He will succeed ...

Los Angeles County has issued evacuation orders amid a new fire burning in the area in and around Castaic Lake. The Hughes ...

The investment structure establishes a long-term partnership between SRG and Ecclesia Group and will allow both organisations ...

Within the fine art and specialty reinsurance market, exposure remains subject to a huge degree of uncertainty, but numerous ...

Evacuation orders have been lifted for some portions of south Altadena. And “soft closures” were in place in other areas ...