Wholesale broker CRC Group has appointed Daniela Mills as national property practice group director, with the new hire joining after eight years at Lockton.

Republican Senator Josh Hawley has invited US insurers to publicly testify over "morally obscene" disaster claim denials related to hurricanes Helene and Milton.

New Bermuda-based reinsurance venture Radix ILS has been launched by Hanni Ali, who was most recently group head of ILS and sustainability at Hamilton.

The devastating wildfire that impacted Jasper, Alberta, in July and August last year is now estimated will cost insurers C$1.233bn ($860mn), according to the latest update from CatIQ.

Heavy rain over the weekend has brought some respite for firefighters as they battle to contain the ongoing wildfires in Southern California.

While the ongoing Los Angeles wildfires will lead to “minimal” partial principal losses on certain cat bonds, aggregate losses will not impede cat bond issuance that reached a record $17.5bn last year, according to Fitch Ratings.

Former longtime RenaissanceRe general counsel and senior executive Steve Weinstein has secured approval from the Florida Office of Insurance Regulation (FLOIR) to launch admitted homeowners carrier Mangrove Property Insurance, in an apparent endorsement of the improved regulatory environment in the state, The Insurer can reveal.

TD Insurance has become the first ever Canadian insurer to sponsor a catastrophe bond focused solely on perils within the country after the Toronto-based firm secured C$150mn ($105mn) of multi-year coverage from the insurance-linked securities (ILS) market.

Fitch Ratings revised its outlook to negative from stable on the A (strong) insurer financial strength ratings of Mercury General's property casualty operating subsidiaries, in response to the potential for further catastrophes to follow the Los Angeles wildfires.

RLI reported a 3 percent drop in property premium during Q4 as increased competition from MGAs impacted market conditions, while the carrier revealed it secured its largest ever property reinsurance placement at 1.1 which benefitted from rate reductions of 10 to 20 percent.