USAA Prices Record $825M Cat Bond, the Largest in Its 47-Issuance History
USAA cat bond: $825M Residential Re 2026-1 is the mutual insurer's largest ever, covering Florida residential property risk with dual SCS storm modelling across…
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Hong Kong Private Health Insurance Spend Climbs 60% Above Pre-Pandemic Levels
Hong Kong private health insurance expenditure up 60% since 2019, driven by 70% surge in claim frequency. VHIS hits 1.4M policies but only 21%…
Saudi Re Q1 2026: Net Profit Rises 32% as Revenue Surges 73% on Mandatory Cession Rules
Saudi Re Q1 2026 net profit up 32% to SAR 46.7M, insurance revenue +73% to SAR 560M. How Saudi Arabia's 30% mandatory cession rules…
Baltimore Bridge Loss Reaches $2.8B, Setting a New Benchmark for US Marine Claims
Baltimore Bridge insurance loss confirmed at $2.8B — 87% above initial estimates. P&I clubs consumed 93% of their GXL tower. How reinsurers, port underwriters,…
Thomas Buberl Wins AXA Mandate Through 2030, Locking In AI and P&C Growth Strategy
AXA CEO Thomas Buberl wins a four-year mandate through 2030 confirmed at the April 30 AGM, locking in the Unlock the Future strategy with…
Markel Holds the Line on Casualty Pricing as Sidecar-Backed MGAs Push Rates Down
Casualty market softening draws a public response from Markel CEO Simon Wilson, who says the insurer will shrink rather than match inadequate rates as…
Canopius Launches Standalone Cyber War Cover for State-Sponsored Attacks
Cyber war coverage for state-sponsored attacks went on sale April 27 as Canopius launched a specialty add-on that fills the gap Lloyd's war exclusions…
Ping An AI Agents Log RMB 30.4B in New Sales, Setting a Global Benchmark for Agentic Distribution
Agentic AI systems generated RMB 30.44 billion in new insurance sales at Ping An in Q1 2026, automating 82% of interactions — a revenue-scale…
Aviva Acquires DisasterCare to Cut Property Claims Response Times and Lock In Contractor Quality
Aviva completes the acquisition of DisasterCare Group — 200+ staff, 27 UK branches, The Flood School — its third major deal in three years,…
Iran-US Tensions Drive Aviation and Hull War Risk Premiums Higher Across Gulf Corridor
Escalating Iran-US geopolitical tensions have triggered Lloyd's JWC area updates and 30–60% aviation war risk premium increases for Gulf corridor routes, with marine hull…