Reinsurance News
LM Re to tackle missing data in parametric cover with Celest.Science collaboration
26th October 2026
Liberty Mutual Reinsurance (LM Re), the sole treaty reinsurance business of the Liberty Mutual Insurance Group, has partnered with Celest.Science, a French climate-tech startup, to develop a robust fallback methodology for parametric tropical cyclone risk transfer, addressing data outages and reporting delays during extreme weather events. Parametric insurance provides ... Read the full article
Reinsurance impact of civil unrest in France likely to be small: AM Best
26th October 2026
New commentary from AM Best has suggested the reinsurance impact of the recent civil unrest in France will likely be small because higher retentions on property catastrophe excess-of-loss treaties and stricter terms and conditions may make it harder for direct insurers to aggregate losses to reach the reinsurance threshold. Media accounts ... Read the full article
Kinsale posts strong 75.4% Q3’26 CoR despite net income down around 30%
26th October 2026
Kinsale Capital Group, Inc. has announced its financial results for the third quarter of 2026, reporting a net income of $98.1 million, down from the $141.6 million in the same period the year prior. Q3 2026 net income included after-tax catastrophe losses of $1.7 million, slightly up from the $1.0 million ... Read the full article
OAK Global bolsters Lloyd’s platform with senior risk and underwriting appointments
26th October 2026
OAK Global, a specialist risk and underwriting partner, has strengthened its leadership team with two senior underwriting and risk appointments: Fraser Scott has been promoted to Director of Underwriting Planning and Performance , and John Coe has been named Chief Risk and Compliance Officer. In his new position, Read the full article
PIC completes £85m buy-in for Interface Europe Pension Scheme
26th October 2026
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, has concluded an £85 million buy-in with the Trustee of the Interface Europe Pension Scheme. This agreement ensures the long-term protection of benefits for f 1,117 scheme members. Dalriada Trustees Limited serves as the sole professional trustee for ... Read the full article
K2 Insurance Services to close Aegis General’s Executive Risks Division
26th October 2026
K2 Insurance Services, a US insurance services provider, has confirmed that its subsidiary, Aegis General Insurance Agency, will discontinue operations within its Executive Risks Division as part of a wider review of its business portfolio. The company announced that the division will stop accepting new business and renewals from 1 November ... Read the full article
Allison Reagan joins CRC Specialty as SVP, Property Broker
26th October 2026
CRC Group, an independent wholesale specialty insurance distributor, has announced the appointment of Allison Reagan as CRC Specialty's Senior Vice President (SVP), Property Broker. In her new position, Reagan will help retail insurance agents address their clients’ property coverage needs and develop new business opportunities. The executive, who is joining CRC from ... Read the full article
APAC cedents are looking for holistic solutions beyond pure volatility cover: Tony Gallagher, Marsh Re
26th October 2026
As insurers across Asia Pacific grapple with a continual frequency of catastrophe events driven by secondary perils, Marsh Re’s clients in the region are seeking holistic solutions centred around strong partnerships and the need to generate returns for shareholders, according to Tony Gallagher, CEO of the Asia Pacific Region, Marsh ... Read the full article
Gallagher expands Texas employee benefits business through Mund Group acquisition
26th October 2026
Arthur J. Gallagher & Co., an international insurance brokerage and risk management firm, has announced its acquisition of Mund Group, Ltd., a Texas-based agency specialising in employee benefits, with the financial details of the deal not disclosed. Headquartered in New Braunfels, Mund Group advises businesses on employee benefits and provides consulting ... Read the full article
Verdant Rock secures dual-agency coverage with Morningstar DBRS credit rating
26th October 2026
Verdant Rock Limited, a Bermuda Monetary Authority-regulated Class 3B insurance company, has received an A (low) Financial Strength Rating and an A (low) Issuer Rating from global credit rating agency, Morningstar DBRS. The rating complements the BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings, assigned ... Read the full article
Everspan to sell its redundant admitted shell company to Falvey Insurance
23rd October 2026
Everspan Group, a specialty property and casualty insurance platform, has entered into a definitive agreement to sell Providence Washington Insurance Company (PWIC) to Rhode Island-based Falvey Insurance Group. The transaction is expected to increase Everspan's tangible book value by roughly $11 million. The divestment of the admitted shell company is part ... Read the full article
Neptune revenue hit record $59.6m in Q3’26
23rd October 2026
Florida-based flood insurance group, Neptune Insurance Holdings Inc., the parent of Neptune Flood, reported a 34.3%, or $15.2 million year-on-year increase in revenue to a record $59.6 million for the third quarter of 2026, compared to $44.4 million in the comparable prior year quarter. Revenues were driven by continued growth of ... Read the full article
FM to provide 10% premium offset against eligible policies for the second year running
23rd October 2026
FM, a commercial property insurer focused on property protection, engineering and loss prevention, will provide eligible clients with an estimated $855 million through its resilience credit program, marking the second consecutive year that the firm is providing a 10% premium offset. Up from 5% in 2024 and prior years, the 10% ... Read the full article
Universal’s Q3’26 revenues rise 9.6% to $439m
23rd October 2026
Universal Insurance Holdings recorded a 9.6% hike in total revenues to $439 million for the third quarter of 2026, up from $400 million in Q3’25, as total revenues for the first nine months of the year increased by 5.3% to $1.26 billion from $1.19 billion in 2025. The increase in both ... Read the full article
Five insurers approved under carbon insurance framework developed by Isometric and Marsh
23rd October 2026
Isometric, the certifier for the industrial economy, has launched a new insurance framework, co-developed with Marsh, that helps reforestation projects improve their economics by enabling developers to use insurance to reduce their buffer pool contributions. Buffer pools are reserves of carbon removal certificates that projects contribute to as a safeguard against ... Read the full article
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