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InnSure, a not-for-profit climate change-related insurance risk financing company, has launched Creation Labs, its flagship climate innovation incubation platform created in partnership with GreenieRE. InnSure explained that Creation Labs is a launch and development platform that will facilitate the development of new climate risk management products and accelerate their time to market. “By matching insurance…
Chubb, a major US insurance company, has announced the appointment of Jimaan Sané as global head of network growth, effective immediately. In his new role, Sane will be responsible for overseeing the performance and expansion of Chubb’s global network growth strategy. He will also work with the global distribution and underwriting teams to deliver Chubb’s…
Ark Insurance Holdings Limited, the specialist property and casualty re/insurance subsidiary of White Mountains Insurance Group, has renewed Outrigger Re Ltd for a smaller unit to commence operations in 2026, reflecting increased use of traditional quota share reinsurance. Reinsurance Sidecar has a quota share contract with Ark to provide collateralized reinsurance protection for a portion…
Global property and casualty reinsurer RenaissanceRe (RenRe) has appointed Paloma Quiroga Arias as senior vice president (SVP) for client data and analytics. Arias has extensive experience in reinsurance, corporate strategy, research, data analytics and consulting. Prior to joining RenRe, she served as Head of Risk Consulting and Analysis at Swiss Re for nearly three years….
According to USI Insurance Services’ 2026 Commercial Property and Casualty Market Outlook report, the competitive environment will undoubtedly weaken some insulation reinsurers with strong reputations in difficult markets. USI said that as the market changes, the current rates, attachment points and terms that reinsurers strive to maintain are facing significant challenges from a market with…
MS Reinsurance (MS Re), a global reinsurance company headquartered in Switzerland, announced the appointment of Lutz Honstetter as Chief Investment Officer (CIO). In his new role, Honstetter will be responsible for developing the company’s long-term investment strategy. Based in Zurich, he will report directly to MS Re CEO Robert Wiest and will become a member…
The catastrophe bond and related insurance-linked securities (ILS) market broke multiple records in 2025, with 122 huge transactions bringing a record $25.6 billion in new issuance to the market, supported by 15 new market entrants, according to the latest Artemis report. Artemis’ fourth quarter and full year 2025 Cat Bond and related ILS market reports…
Statera Management Agency Limited, a subsidiary of Octave Ventures, has received regulatory approval to act as Lloyd’s managing agent. Statera will now manage Syndicates 4242 and 1416, which currently underwrite specialty risks generated through a strategic relationship with Octave Ventures, a subsidiary of Octave Specialty Group, Inc. The syndicate benefits from a Lloyd’s A+ financial…
Howden revealed that January 1 casualty reinsurance renewals benefited from improving supply and demand dynamics, with performance-driven results driven by continued long-tail and reserve pressures, while international placements remained generally stable despite tighter renewal requirements for the U.S. business. The U.S. casualty reinsurance market experienced largely stable conditions on January 1, with overall capacity stable…
Cowbell, a provider of online and specialty insurance focused on small and medium-sized businesses, has announced the next cycle of its organizational journey to accelerate global growth while increasing profitability and scale, with the appointment of John Botros as chief financial officer. Building on the company’s strong performance and recent expansion into Australia, Cowbell is…