Multiple rounds of thunderstorms are sweeping across the Plains, Midwest, and mid-Atlantic this week, bringing flash flooding, damaging winds, and hail. The storms are forming along the northern edge of a persistent heat dome over the southern United States, which continues to provide the energy and moisture necessary for widespread severe weather.

Heat Dome Fuels Widespread Storm Activity

A sprawling heat dome has locked in oppressive temperatures across the South, and its periphery has become the focal point for thunderstorm development. Added tropical moisture from a former rainstorm over Louisiana has only intensified rainfall potential.

Over the weekend, a powerful complex of thunderstorms caused damaging wind gusts and flooding from Iowa to Illinois, with heavy rain reaching as far as the Washington, D.C., area. Early Monday morning, rainfall rates of 1–2 inches per hour impacted areas in and around St. Louis, Missouri, creating hazardous travel conditions. West-central Minnesota also saw storms capable of producing hail and strong winds.

Expected Rainfall and Flooding Potential

Rainfall totals through early this week are expected to exceed 2 inches across a broad swath of the Midwest, Appalachians, and mid-Atlantic. Within this zone, localized totals of 4-8 inches are likely, with the potential for up to 13 inches in the hardest-hit areas, including northeastern Missouri and far southern West Virginia.

West Virginia, which is already seeing one of its wettest Julys on record, faces additional risk. As thunderstorms repeatedly track over the same areas, the combination of saturated ground and rugged terrain could result in significant flash flooding. Narrow corridors of intense rainfall will be capable of producing high water levels in a short amount of time.

Continuing Threat Through the Week

The risk of severe weather will persist throughout much of the week as the heat dome remains firmly in place. On Monday, the Plains are expected to experience the greatest storm activity, shifting toward the Midwest by Tuesday.

In addition to flash flooding, thunderstorms may produce damaging wind gusts, large hail, and localized power outages. Travel disruptions, delays, and difficult road conditions are likely in areas of heavy rain.

Key Points

• Thunderstorms will remain active from the Plains to the mid-Atlantic throughout this week.
• Rainfall totals of 2–8 inches are expected, with isolated amounts up to 13 inches.
• Flash flooding, damaging winds, and hail are the primary hazards.
• The heat dome over the South continues to fuel unstable conditions and provide moisture for storms.
• The threat will shift eastward as the week progresses, with multiple rounds of storms possible.

With the atmosphere remaining primed for severe weather, conditions may change quickly. Monitoring local forecasts and official updates will be essential in tracking these storms' evolving impacts.

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1823 Partners (US) LLC (“1823 Partners”), a new asset management firm specializing in insurance-focused investment strategies, today announced its official launch. The firm will manage a multi-billion-dollar asset mandate from JAB Insurance US Holdings, Inc. (“JAB Insurance”), initially concentrating on real estate, asset-backed finance, credit, and insurance solutions. 1823 Partners is a Registered Investment Adviser.

The firm was co-founded by Anant Bhalla, Joachim Creus, and Frank Engelen, with Bhalla leading as Chief Executive Officer. A veteran insurance executive and pioneer in insurance-focused asset management, Bhalla will guide the firm in blending rigorous asset and liability risk management with distinctive private market opportunities to create lasting value for clients and their policyholders.

1823 Partners will serve independent insurance companies and institutional investors, targeting superior risk-adjusted returns through differentiated investments. JAB Insurance portfolio entities will be the inaugural clients of 1823 Partners.

“I am energized to create a platform that supports independent insurance companies with tailored investment strategies that back real promises with real assets. By investing long-term insurance company policyholder resources across both public fixed income and bespoke private market opportunities—from real estate to specialty credit and asset-backed lending—we aim to provide predictable, durable cash flows with strong risk-adjusted returns. Our allocations, anchored in liability-driven investing and robust risk management, enable us to prioritize risk control while maximizing return per unit of risk,” said Bhalla.

Headquartered in Miami with an additional office in New York, 1823 Partners is assembling a team of professionals specializing in real estate, asset-backed finance, credit, and insurance solutions. The firm plans to expand into additional asset classes and grow to approximately 60 investment professionals by year-end.

These experts will focus on sourcing and structuring investments designed to deliver resilient, long-term returns. In addition to asset management, 1823 Partners will provide investment management and risk advisory services tailored to the unique needs of insurance companies.

Alongside Bhalla, the firm’s launch team includes several highly experienced professionals:

• James Hamalainen, Partner and Chief Operating Officer – formerly with American Equity Investment Life Holding Company (AEL), Brighthouse Financial, and Ameriprise Financial
• Ashok Vishnubhakta, Partner, Head of Commercial Credit – formerly with AEL, Allstate Investments, GE Capital, and Macquarie Capital
• Pankil Doshi, Partner, Head of Commercial Real Estate – formerly with Cerberus Capital Management, Deutsche Bank, and Matrix (an affiliate of Colony Capital)
• Chris Bauer, Managing Director, Fixed-Income Trading – formerly with Black Diamond Capital Management, Marble Ridge Capital, and Nokota Management
• Stuart Perowne, Managing Director, Equity Trading – formerly with Citigroup and Lazard
• Shawn Pierce, Managing Director, Asset-Backed Finance – formerly with AEL, Columbia Threadneedle Investments, UniCredit, and Capital One
• Steven Zhou, Managing Director, Hedging and Derivative Strategies – formerly with Lord Abbett, Deutsche Asset Management, and J.P. Morgan

Bhalla added, “We are fortunate to have access to remarkable, off-market investment opportunities driven by two factors: the quality of our clients’ insurance capital and the caliber of the investment talent we have assembled. As a long-term investor focused on attractive asset sectors, we are building a unified team and a vibrant culture with the mantra: ‘One Team, One Dream.’ We take pride in connecting main street insurance policyholder resources with main street borrowers—from consumers to commercial businesses—through credit, asset-backed, and real asset financing.”

About 1823 Partners 1823 Partners is a registered investment adviser conducting business as a differentiated asset management firm focused on long-term, insurance-first investment strategies. The firm supports independent insurance companies with tailored investment strategies that back real promises with real assets. 1823 Partners manages a growing portfolio of private market investments with the objective of generating compelling returns for insurance companies and their policyholders, as well as other long-term oriented institutional investors. The firm is headquartered in Miami and has an office in New York. For more information, please visit: www.1823.partners. Stay informed and ahead of the curve — explore more industry insights and program opportunities at ProgramBusiness.com.

The global Cybersecurity Insurance Market is on a steep growth trajectory, expected to more than double from USD 16.54 billion in 2025 to USD 32.19 billion by 2030, according to the latest analysis from MarketsandMarkets™. This represents an impressive compound annual growth rate (CAGR) of 14.2% during the forecast period.

Why Cybersecurity Insurance Is Booming

The market’s rapid expansion is being driven by the rising frequency and severity of cyberattacks, including ransomware and data breaches, which are forcing organizations to seek financial protection. Additionally, evolving regulatory frameworks like GDPR, NIS2, and national cybersecurity laws are prompting companies to adopt cyber insurance as a compliance tool.

As businesses accelerate digital transformation through cloud adoption, IoT integration, and hybrid work environments, their exposure to cyber risks increases — creating higher demand for cybersecurity coverage.

Notably, small and mid-sized enterprises (SMEs) are emerging as prime targets for cybercriminals. In response, insurers are rolling out cost-effective, bundled insurance solutions that include proactive security assessments, threat intelligence, and incident response support.

Market Scope and Segmentation

The report covers:

• Timeframe: Market size projections for 2020–2030
• Base year: 2024
• Forecast period: 2025–2030
• Segments: By Offering, Insurance Coverage, Insurance Type, Provider Type, Vertical, and Region
• Geographic focus: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Packaged Cyber Insurance Leads Growth

Among insurance types, the packaged segment is expected to see the fastest growth. These policies combine cybersecurity coverage with traditional insurance policies, such as property, general liability, professional indemnity, crime insurance, and even homeowner policies.

Major insurers like Chubb, CNA, AXIS Capital, Travelers Insurance, and Liberty Mutual are key players offering these bundled solutions, which cover not only cyber-related risks but also non-cyber losses tied to digital incidents.

Insurance Providers Dominate Market Share

The insurance provider segment is anticipated to hold the largest market share. These companies increasingly depend on technology vendors for risk management and security posture assessments. Notable providers include BitSight, RedSeal, Prevalent, SecurityScorecard, UpGuard, SafeBreach, AttackIQ, and Ivanti.

Cyber insurance enables these firms to:

• Protect against financial losses from ransomware, data breaches, and business interruptions
• Ensure regulatory compliance with data protection laws such as GDPR and NAIC’s Insurance Data Security Model Law
• Gain access to incident response teams, legal advisors, and PR specialists for managing breach events
• Strengthen operational resilience and manage third-party risks

Asia Pacific: Fastest-Growing Region

The Asia Pacific region is expected to post the highest CAGR during the forecast period. Several factors contribute to this surge, including:

• Escalating cyber threats in emerging economies
• Increased adoption of cloud computing, data analytics, and business intelligence tools
• Stricter government regulations with higher penalties for non-compliance

Key market leaders like AIG, Allianz, Chubb, and Zurich are shaping the cybersecurity insurance landscape in APAC.

Major Players Shaping the Market

The market features an extensive list of vendors and insurers, including:

• Technology and risk providers: BitSight, Mitratech, RedSeal, SecurityScorecard, UpGuard, AttackIQ, SentinelOne, Broadcom, and SafeBreach
• Global insurers: Allianz, AIG, Aon, Arthur J. Gallagher, Travelers, AXA XL, AXIS Capital, Beazley, Chubb, CNA Financial, Fairfax, Liberty Mutual, Lloyd’s of London, Munich Re, Sompo International, and more

These players are developing advanced offerings that integrate risk intelligence with incident management to better serve businesses across all sectors.

The Bottom Line

As digital transformation accelerates and cyber threats evolve, cybersecurity insurance is becoming a core element of enterprise risk management strategies. With double-digit growth expected through 2030, insurers and technology vendors alike are innovating to meet the rising demand for comprehensive, cost-effective coverage solutions.

For more information or to access the full report, visit MarketsandMarkets.

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