mangrove property insurance 350x238 1

Mangrove secures record cat reinsurance programme for 2026 hurricane season

Mangrove Property Insurance Company has secured a record-setting catastrophe reinsurance programme for the 2026 Atlantic Hurricane Season, providing protection against both the frequency and severity of catastrophe events, with coverage extending to a 1-in-175-year storm. The programme also includes aggregate cover for protection against third and fourth events, as well as the placement of a…

Read More
6a8238c72300002f227c975e

Trump Does Kim Jong Un A Favour

President Donald Trump said on Sunday that he has ordered the Pentagon to scale back the joint military exercises with South Korea that began this week. In a Truth Social post, the president said his decision was based on his “very good relationship with Kim Jong Un,” and described North Korea as “unthreatening and respectful.”…

Read More

Pen Underwriting’s increased capacity to support growth in property owners practice

Pen Underwriting, a multi-class, multi-territory managing general agent (MGA), has secured a multi-million-pound capacity deal to underpin the strong growth and performance of its UK property owners practice. According to the announcement, the multi-year deal will enable Pen to write £120 million in gross written premium over the next three years, effectively doubling the capacity…

Read More

ABIR names new Treasurer and Finance Committee members

The Association of Bermuda Insurers and Reinsurers (ABIR), the trade association representing Bermuda’s insurance and reinsurance sector, has appointed Elizabeth Breeze as its new Treasurer. Breeze, who serves as Head of Hiscox Capital Partners, joined Hiscox in 2012 and took on her current position in 2025. She brings more than two decades of experience in…

Read More

Kin Q2’26 revenue increases to $68m

Kin, the direct-to-consumer provider of insurance and home finance solutions for homeowners, has announced its financial results for the second quarter of 2026, reporting total revenue of $68 million and gross written premiums of $218.9 million. Comparably, for Q2 2025 the firm reported total revenues of $ 58.5 million and GWP of $190.2 million. Gross…

Read More

RiverStone International and QBE agree $1.6bn LPT reinsurance agreements

Legacy reinsurance and run-off specialist RiverStone International has entered into loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately US$1.6 billion in reserves, further strengthening the long-standing partnership between both companies.  Subject to regulatory approval, the transactions cover North American Middle Market and Workers’ Compensation portfolios, and European liability books. Paul Brockman, Group…

Read More