Tag: Insurance news
Elitium MGA Launches Manufacturing and Unoccupied Property Insurance
A new managing general agent (MGA), Elitium, has launched to provide commercial combined insurance for manufacturing businesses and insurance coverage for unoccupied residential and...
Athora Raises €3.5 Billion to Buy Pension Insurance Corporation
European retirement services group Athora has secured €3.5 billion in new equity funding to support its planned acquisition of Pension Insurance Corporation Group (PICG).
The...
SCOR Reports €851 Million Profit in 2025
Global reinsurer SCOR delivered strong financial results in 2025, reporting €208 million in net income for the fourth quarter and €851 million for the...
Beazley Reports $1.15bn Profit in 2025 Despite Market Volatility
Specialist insurer Beazley has reported a profit before tax of $1.15 billion for the full year 2025, delivering a strong undiscounted combined ratio of...
Middle East Conflict and Reinsurance Market Outlook
The recent escalation of conflict in the Middle East is raising serious questions about global insurance and reinsurance stability. However, according to S&P Global...
Manitoba Power Outage Exposes Insurance Gaps for First Nations Housing
The mass displacement of residents from Pimicikamak Cree Nation after a prolonged power outage in northern Manitoba has revealed serious weaknesses in how mold...
Marine Hull Insurance Rates Surge in the Gulf
Tensions in the Middle East are already impacting the global insurance market. In particular, Marine Hull insurance rates in the Gulf region may rise...
Hagerty Reports Strong 2025 Growth
Hagerty Inc. posted strong full-year 2025 financial results, with total revenue rising 17% to US$1.46 billion (CA$2.00 billion) and net income surging 91% to...
Canadian Institute of Actuaries Releases Wildfire Risk Guidance for Insurers
As Canada’s wildfire seasons become longer and more destructive, the Canadian Institute of Actuaries (CIA) has issued new guidance to help property and casualty...
Manulife Canada Invests $1 Million in Halifax Recreation Centre
Manulife Canada has pledged $1 million over 10 years to support one of the largest recreation facilities in Halifax. The venue will now be...
