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Credit rating agency AM Best has described Spain-based multinational insurance group MAPFRE S.A.’s planned acquisition of Safety Insurance Group, Inc. as strategically compelling, saying the transacti
Oman Re, the Sultanate of Oman’s sole reinsurer, has reported an increase in reinsurance revenue for the first half of 2026 to OMR 27.5 million ($71.4 million), an increase on the prior year’s OMR 26.
UK-based MGA brands Integra Insurance Solutions and Congregational Insurance Solutions have partnered with Hadron, a multinational specialty carrier modernising the delegated authority market, to prov
US primary insurer Cincinnati Financial Corporation reported a net income of $1.255 billion for the second quarter of 2026, up 83% from $685 million in the same period a year earlier. Cincinnati said
MNK International, an independent Lloyd’s broker providing specialist insurance and risk solutions to clients internationally, has appointed William Wakeham as Managing Director, International Energy,
Daniel Westcott steps up to a group EVP role as Robert Coyne takes the helm at Berkley Re America and Robert Hewitt moves to a newly created chairman role
Insurance holding company W. R. Berkley Corporation has appointed Daniel R. Westcott as Executive Vice President (EVP), as Robert R. Coyne Jr. succeeds him as President of Berkley Re America, while Ro
Aon, a global insurance and reinsurance broker and risk advisor, has launched its AI Risk Diagnostic, an enterprise-level assessment designed to help organisations understand and manage AI-related ris
The incoming CEO spent nearly 30 years on the underwriting side before joining Guy Carpenter as Pacific CEO in 2024
Tighter risk selection and a benign loss environment drove underwriting improvement at the Tunisian reinsurer in the six months to June 30
Brown & Brown, Inc. has reported that its total revenues for H1 2026 reached $3.6 billion, up approximately $888 million, or 33%, from the same period in 2025. According to the firm, Organic Revenue d
A January 2026 ruling clarifies how Dubai courts allocate jurisdiction when just one party in a reinsurance dispute is DIFC-registered
MAP Underwriting (Managing Agency Partners), a Lloyd’s of London managing agency, has adopted ZestyAI’s Z-FIRE to strengthen wildfire risk analysis across its property reinsurance portfolio. MAP has s
RiverStone International, a global acquirer and reinsurer of legacy and discontinued insurance business, has signed its second loss portfolio transfer (LPT) reinsurance agreement with Pacific Valley I
Japan’s solvency shift is pushing insurers to diversify offshore counterparties beyond Bermuda
The industry trades have come out to support the latest effort on Capitol Hill to thwart staged accidents. Sen. Ashley Moody on July 22 introduced the Staged Accident Fraud Prevention Act. About a yea
All Peril severity reached an all-time high in 2025, rising 25.9% from a year earlier, a new report on home insurance trends shows. LexisNexis Risk Solutions released its 2026 U.S. Home Trends Report,
Ford Motor Co. introduced a car almost 70 years ago widely viewed as the greatest automotive flop of all time. Tesla Inc.’s Cybertruck may well be on its way to claiming that title. Ford’s Edsel, unve
A new study shows that Waymo driverless cars are involved in fewer crashes than human drivers, but the federal system monitoring automated vehicles needs improvement, according to the Insurance Instit
For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes. Still, decades of population growth along coastal areas and rising property valu
Ford Motor Co. is recalling more than half a million Broncos because a wiring harness in the engine compartment can short-circuit, increasing the risk of fire. Ford said Thursday that 565,691 Ford Bro
A Wall Street Journal investigation into complex insurer investments has put Bermuda’s US$1.52 trillion long-term sector in the regulatory frame
Third-party inflows rose 38% year on year as the reinsurer shifted capacity away from softening property catastrophe markets
The ministry said the decision addresses a legislative gap of more than 20 years in reinsurance-specific oversight
The appointment comes months after AXA XL launched a dedicated alternative risk solutions unit for the Americas
The Bermuda reinsurer’s specialty and casualty growth has begun to offset property catastrophe volatility, AM Best said
Technology-driven insurer Root has launched its behavior-based car insurance in New Jersey, marking its 37th state. Using mobile telematics, Root calculates its rates primarily on actual driving perfo
New York has approved a 21.9% reduction in workers compensation insurance premium rates, which the state says represents an estimated savings of more than $1 billion for businesses or an average of $1
The world’s largest berry company will have to face a class-action lawsuit for supposed “greenwashing” after it allegedly failed to disclose the risk or use of pesticides containing what are known as
Global commercial insurance rates dropped by 6%, on average, in the second quarter of 2026, following a 5% decline in Q1 2026, according to Marsh’s latest Global Insurance Market Index (GIMI). Propert
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