Reinsurance and global risks arm of Spanish giant trims combined ratio to 95.1% amid lower catastrophe losses and reinsurance premium growth

Jimmy Patronis calls on Trump to rein in inflation, pressure European reinsurers to abandon ESG mandates, and abolish the Federal Insurance Office

Merger of ILS managers will create firm with assets under management of $7.8bn

Only 10% to 20% of total losses are likely to be covered by cyber insurance policies, owing to high deductibles and low policy limits, according to analysis by Parametrix

Ratings agency expects total economic losses of several billion dollars, with limited insured exposure 

Arch is paying $450m in cash for the business, which generated gross written premiums of $1.7bn in 2023