Turkiye: 23 April tremblor highlights Istanbul's vulnerability to a magnitude-7+ quake

Published on May 1, 2025
A mid-7 magnitude rupture at the central-eastern Marmara Sea section would be likely to propagate eastward towards Istanbul, according to Dr Myrto Papaspiliou, head of International Catastrophe Model
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Everest CEO expects mid-year reinsurance renewals to be ‘quite attractive’

May 1, 2025
Jim Williamson, CEO of Bermuda-based re/insurer Everest, said today that he expects the mid-year reinsurance renewals to be attractive, and that he doesn’t see property catastrophe reinsurance rates decreasing to a level that makes it a less appealing business for the firm.Speaking during Everest’s First Quarter 2025 earnings call, Williamson said he wouldn’t be surprised if the company takes the

Egypt: Insurers' pre-tax profits jumped by 84% to over US$500m in FY2024

May 1, 2025
Insurance companies operating in the Egyptian market posted combined pre-tax profits of EGP25.9bn ($513.3m) for the financial year ended 30 June 2024 (FY2024), compared to EGP14.06bn for the previous