Australia: ICA reports extreme weather costs in 2025 hit $990m

Published on May 1, 2025
New data from the Insurance Council of Australia (ICA) revealed that the February floods in North Queensland and ex-Tropical Cyclone Alfred in March have resulted in insured losses nearing AUD1.5bn
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Talcott enters into $10bn reinsurance agreement with MetLife

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Talcott Financial Group, a life insurance provider specialising in risk solutions, has entered into a block reinsurance transaction of approximately $10 billion through its subsidiary, Talcott Resolution Life Insurance Company (Talcott Resolution), with Metropolitan Life Insurance Company (MetLife).The transaction is structured on both a modified coinsurance and funds-withheld basis, as Talcott Re

Surendra Singupalli to lead Property Treaty Underwriting for Munich Re India

May 1, 2025
Surendra Singupalli has joined Munich Re India as Head of Property Treaty Underwriting, bringing around 16 years of industry experience to the role.Singupalli has been with the reinsurer since 2016, having joined Munich Re Singapore as Senior Property Treaty Underwriter & Nat Cat Expert.The executive was then appointed Head of Treaty Underwriting (Southeast Asia) and Head of Property Underwriting