Reinsurance News
Kovrilo expands SME modular insurance offering
8th July 2026
Kovrilo, a MISSION-backed managing general agent that provides modular commercial combined insurance for UK small and medium-sized enterprises, has developed its proposition further through a series of enhancements intended to widen broker choice and improve protection against increasingly prominent business risks. Kovrilo has introduced these changes in partnership with specialist engineering ... Read the full article
PartnerRe announces three new leadership appointments
8th July 2026
PartnerRe, a Bermuda-based global reinsurer, has announced the appointments of Erik Rüttener as Interim Head of Retro and International, Olivia Bishop as Global Cat, CUO and Head of North America, and Carlo Casty as Head of Cat Modeling. Rüttener brings a wealth of industry experience to his new position, having joined ... Read the full article
Sompo to acquire workers’ comp insurer Service Insurance Companies
8th July 2026
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has agreed to acquire Service Insurance Companies, a specialist in workers’ compensation insurance, by one of its US subsidiaries in an undisclosed transaction. This acquisition, subject to regulatory approvals and customary closing conditions, creates a compelling opportunity to ... Read the full article
MS Re hires Lisa Butera as CUO for NA and expands Lucas Castagnino’s leadership role
7th July 2026
Switzerland-based reinsurer MS Reinsurance has hired Lisa Butera from Swiss Re to serve as Chief Underwriting Officer (CUO) for North America (NA), and has also expanded Lucas Castagnino's role to CUO for Latin America and Caribbean. Butera brings more than three decades of leadership experience across insurance and reinsurance markets to ... Read the full article
More favourable reinsurance conditions strengthen insurers ahead of 2026 hurricane season: KBRA
7th July 2026
KBRA, the US-based global credit ratings agency, says that more favourable reinsurance conditions are providing insurers with stronger protection ahead of the 2026 Atlantic hurricane season, despite warning that a quieter seasonal outlook does not remove the threat of significant catastrophe losses. The ratings agency argues that greater reinsurance availability, lower ... Read the full article
Correa promoted to President & CEO of Munich Re Canada (Life)
7th July 2026
Global reinsurer Munich Re has announced the appointment of Michael Correa as President and CEO of its Canada (Life) business, effective September 1, 2026. The executive is succeeding Bernard Naumann, who has been appointed to lead Munich Re’s Life & Health business in Europe and Latin America beginning January 1, 2027. In ... Read the full article
Texel and ICD sign MoU to mobilise private sector investment in insurance
7th July 2026
The Texel Group, an independent specialist credit and political risk broker, has signed a memorandum of understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IsDB Group, to establish a framework to use non-payment insurance as a strategic tool to ... Read the full article
Adaptive Insurance reaches $10m in funding with new capital injection
7th July 2026
Adaptive Insurance, a company focused on climate resilience using AI and data to offer climate-based parametric insurance, has successfully secured an additional $5 million in financing from new and existing investors. According to the announcement, this capital injection will be used to accelerate Adaptive’s development and distribution of products designed to ... Read the full article
Duck Creek acquires Send Technology to strengthen AI-driven underwriting capabilities
7th July 2026
Duck Creek Technologies, a provider of software solutions for property and casualty (P&C) and general insurance, has acquired Send Technology Solutions Ltd, an AI-native underwriting orchestration engine. The acquisition creates the industry’s first agentic solution to unite core insurance operations and intelligent underwriting workflows across the policy lifecycle for multiple operating ... Read the full article
Catastrophe bond issuance exceeds $11.3bn in record second quarter: Artemis
7th July 2026
After a busy opening quarter of the year, strong catastrophe bond and related insurance-linked securities (ILS) issuance momentum continued in the second quarter of 2026, with a quarterly record of more than $11.3 billion of issuance from a record 48 transactions, reports Artemis. Now available ... Read the full article
EPIC names Donatelli as National Surety Practice Development Leader
7th July 2026
EPIC Insurance Brokers & Consultants (EPIC), a US insurance brokerage and consulting firm, has announced the appointment of Monica Donatelli as National Surety Practice Development Leader. In her new position, Donatelli will leverage her over 16 years of experience in construction and commercial surety to develop practice strategy, client service delivery ... Read the full article
State Farm maintains leading US P&C insurer position in 2025
7th July 2026
State Farm retains its leading position as the largest US property and casualty (P&C) insurer in 2025, based on total net premiums written (NPW), with the company reporting $113.79 billion in NPW. Our directory of the Top 100 U.S. P&C Insurance Companies is based on research data from ... Read the full article
Markel appoints Grant Smith as Director of Marine Transportation
7th July 2026
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Grant Smith as Director of Marine Transportation at Markel International. In his new role, Smith will lead the development of the Marine Transportation business, bringing together Markel International's Hull & Hull War, MECO, Marine & Energy Liabilities, ... Read the full article
Resolution Life expands UK PRT activity through new reinsurance agreement
7th July 2026
Resolution Life, a global life insurance group focused on reinsurance and the acquisition and management of portfolios of life insurance policies, has announced that its Bermuda-based reinsurance platform, Resolution Re, has entered into a new UK Pension Risk Transfer (PRT) transaction with a leading UK insurer. According to Resolution Life, the ... Read the full article
MSIG USA supports DEG $500m fund to expand private capital across sustainable development projects
7th July 2026
MSIG USA, the insurance arm of global insurer MS&AD Insurance Group Holdings, has announced its participation in an innovative investment structure with DEG, a KfW Group subsidiary. Introduced by DEG during the Hamburg Sustainability Conference, this initiative leverages a $500 million fund to mobilise private capital for sustainable development projects in ... Read the full article
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