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Global legacy acquirer RiverStone International has completed its previously announced loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately $1.6 billion in reserves. The transactions were announced in August, and cover North American Middle Market and Workers’ Compensation portfolios, and also European liability books. Completion further strengthens the long-standing partnership between the two…

Chubb, a global property and casualty insurance company, has appointed Lisa Wilson as Head of North America Claims, Jamie Trish as Global Claims Operations Officer, and Norm Rafsol as Global Claims Technical Director, within its Global Claims team. The trio will report to Kevin Rampe, Senior Vice President, Global Claims Officer, Chubb. In her new…

Everest Group, Ltd., a global specialty insurer and reinsurer, has entered into a definitive agreement to sell its Chilean insurance subsidiary, Everest Compañía de Seguros Generales Chile S.A. (Everest Chile), to American International Group, Inc. (AIG). Everest Chile serves corporate and upper-middle-market clients, with a portfolio that includes property, energy, marine, financial lines and casualty…

Hadron, a hybrid carrier that provides insurance capacity and fronting services to managing general agents (MGA) for specialty insurance coverage, has appointed John Moffatt as International Chief Underwriting Officer (CUO), subject to approval by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The appointment reflects the company’s continued growth and expansion in…

US primary insurer Cincinnati Financial Corporation has announced its financial results for the third-quarter 2026, reporting a net income of $459 million, down from the $1.1 billion seen in the same period last year. According to Cincinnati, the $663 million decrease was primarily driven by lower net investment gains rather than a deterioration in core…

Paris-headquartered global reinsurer SCOR is now fully focused on the January 1 2027 reinsurance renewals, which Jean-Paul Conoscente, Chief Executive Officer (CEO) of SCOR P&C, recently described as very late, while noting that, so far, the firm is seeing European catastrophe rate decreases in the high single-digit to low double-digit range. Leaders at SCOR took…

Enstar, a global insurance and reinsurance group and consolidator of legacy re/insurance liabilities, has announced the promotion of David Ni to President, and also the appointment of two senior industry executives to drive its expansion and diversification across specialist underwriting and retrospective solutions. Ni joined Enstar in 2019, initially serving as Executive Vice President of…

Aon, a global professional services firm, has partnered with SAGE, an AI-native agricultural risk intelligence company, to launch a new precision crop insurance program in the US to assess agricultural risk more accurately and help price insurance more effectively. Offered for the 2027 crop year across 15 states, the program is tailored for corn and…

Simon Wilson, Chief Executive Officer (CEO) of Markel Insurance, said competition in the property insurance market is continuing to intensify, with margins narrowing as softer reinsurance conditions put further pressure on pricing, although he believes the market is not yet “underwater”, with profit still to be made. During Markel Group’s Q3 2026 Earnings Call, Wilson…

Tiptree has announced its financial results for the third quarter of 2026, reporting a net income of $5.2 million, down from $6.4 million in the same period last year. Despite the lower quarterly profit, Tiptree continued to build balance sheet strength and return cash to shareholders. As of September 30, 2026, total book value rose…