Australia: Queensland and NSW severe storms cause US$1.78bn industry loss, PERILS reports

Published on January 9, 2026
PERILS has disclosed its initial industry loss estimate for the Severe Convective Storms that affected Queensland and New South Wales from 21 to 27 November 2025.
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SCOR’s Irish subsidiary becomes SCOR Global Reinsurance France SA

January 8, 2026
Global reinsurer SCOR has announced the successful cross-border conversion of its Irish subsidiary, SCOR Global Reinsurance Ireland dac (SGRI), into a French entity.The company will now operate under the name SCOR Global Reinsurance France SA (SGRF), and will be supervised by the Autorité de contrôle prudentiel et de resolution (ACPR).According to the announcement, the conversion is purely structu

a.s.r. to acquire Bovemij’s insurance activities from BOVAG for €185m

January 9, 2026
ASR Nederland N.V. (a.s.r.), a Dutch insurance company, has reached an agreement with BOVAG to acquire 100% of the insurance activities of Bovemij N.V. (Bovemij) for €185 million in cash.Established in 1963, Bovemij specialises in insurance and related services for the mobility sector, with insurance activities generating approximately €400 million in gross written premiums in 2024.For the distrib