MGA Helix's recently launched commercial property excess facility on its US platform will write business on the A+ XV E&S paper of PartnerRe, Program Manager can reveal.

The board of the Texas Windstorm Insurance Association has approved a $485mn budget line item for ceded reinsurance and catastrophe bond spend for next year, up 22 percent from the figure in 2024.

Tropical Storm Risk has said 2025 Atlantic hurricane season activity will likely be close to the 30-year norm in its December extended range forecast.

Bermuda-based MGA Helix has officially unveiled its new Greg Butler-led US platform with the launch of a US commercial property excess facility offering $10mn of limit per risk on A+ XV E&S paper.

The impact of Storm Darragh, which hit western England and Wales over the weekend, serves as "another wake-up call" for (re)insurers over the escalating losses from extreme weather events, according to Swiss Re's Jason Richards.

Michigan-based wholesale insurance broker Burns & Wilcox has expanded its Wildfire Defense Program to Texas and New Mexico, The Insurer can reveal.

The Italian government has delayed the implementation of new rules that would make it mandatory for businesses to purchase catastrophe insurance.

The recent long-duration snow event that affected portions of southern Canada and the northern US between 28 November and 3 December could cause tens of millions of dollars in economic and insured losses, according to Aon.

Hurricane Milton triggered nearly $20mn in claims on reinsurance programs written by parametric risk transfer specialist Arbol, the company has said.

Expectations that property catastrophe reinsurance pricing is on the wane heading into 2025 could be wide of the mark, while personal auto underwriting margins may still have some way to go before hitting their peak, according to BofA Securities analyst Joshua Shanker.

Estimated insured losses from natural catastrophes are on track to exceed $135bn in 2024, the fifth consecutive year insured losses have passed the $100bn mark, according to Swiss Re Institute.

This year's tropical cyclone season was marked by "exceptionally severe" storms, with losses significantly above the 10-year average, analysis by Munich Re has found.

The National Flood Insurance Program (NFIP) has already paid out over $1.4bn in losses stemming from Hurricane Helene as it works to process the more than 56,000 claims that have been filed since the storm made landfall in late September.

Canada's natural catastrophe loss bill is projected to exceed C$8bn ($5.7bn) this year, driving adjustments in pricing, attachment points and deductibles, according to Jolee Crosby, CEO of Swiss Re Canada.

The European Insurance and Occupational Pensions Authority is seeking feedback on plans to develop an awareness tool to help policyholders understand their property's exposure to natural hazards.