June 26, 2025

Middle East Tensions Boost Underwriting Risks Across Re/Insurers’ Portfolios: Report

Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition, the report said, reinsurance capacity in certain business lines could …

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Markets/Coverages: Descartes Expands US Parametric Flood Cover for Businesses; EverPeak Takes Workers Comp Product to 11 New States

Parametric insurance company Descartes Underwriting has a new flood insurance product it said delivers better protection for US businesses, investors, and homeowners associations. Any type of business and industry class may be covered. Limits of up to $70 million are …

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