Following the closure of an $8mn Series A funding round, San Francisco-based specialty MGU Rainbow plans to allocate the funds towards software development, recruiting new talent, and expanding its product portfolio, including its recently launched program for the beauty and wellness industry, according to CEO and co-founder Bobby Touran.

After a strong finish to last year, 2025 is expected to be a vibrant year for European insurance industry M&A, according to George Netherton, partner and European head of insurance and asset management at Oliver Wyman in London.

Green Shield Risk Solutions CEO and founder Pat Blandford has said the Los Angeles wildfires are consistent with the firm's models, as he highlighted the importance of using propagation modelling for the peril to simulate events.

Mapfre Re has an ambition to grow its gross written premiums by 5-10 percent in 2025, with the Spanish reinsurer actively seeking to expand its book of business in Asia and the US and diversify into new markets such as life insurance.

As the Los Angeles fires blaze through thousands of acres, major carriers have been decried for pulling out of the California home insurance market – but Faura CEO Valkyrie Holmes told The Insurer that a lack of investment in sustainability efforts has played a role in disincentivizing insurers from conducting business in the region.

Citi's head of European insurance research James Shuck has warned that the ongoing Los Angeles wildfires will likely be a capital event for some primary US players but expects European reinsurers to be able to absorb losses within Q1 natural catastrophe budgets.

Reinsurers should be careful of having “too much of a good thing” and instead focus on being “reliable partners” in volatility management of catastrophe risk for their primary insurance clients, according to Guy Carpenter’s John Trace.

The 1.1 reinsurance renewals were characterised by differentiation among cedants with a variety of terms and conditions outcomes based on the specific nuances of strategy, data and loss trends, Gallagher Re CEO Tom Wakefield has told this publication.

The UK government’s consultation on the offshore transmission owner (OFTO) regime is a timely development as underwriters begin to express concern over the inherent contingent business interruption (CBI) risk it poses, according to Nardac’s Rob Bates.

Swiss Re is set to deploy further capacity in the Asia Pacific region at upcoming renewals as the reinsurer looks to capitalise on continued economic growth in the region, according to regional leader Victor Kuk.