Spinnaker partners with In The Car to expand embedded motor insurance nationwide

Spinnaker Insurance Company, a US insurer and subsidiary of Hippo Holdings Inc., has entered into a nationwide partnership with In The Car (ITC), a US-based embedded insurance technology provider, to expand the availability of embedded motor insurance across the United States. The agreement will allow the company to provide bindable personal motor insurance cover across…

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NextRock unveils plans to establish life insurance and reinsurance platform

Japanese holding company NextRock Group has unveiled plans to establish a life insurance and reinsurance platform, NextLife Insurance Group, with operations and entities in Bermuda and Delaware. NextRock describes itself as a diversified global holding company and investment platform building and managing a portfolio of businesses across multiple industries through specialised operating and investment platforms…

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Commercial renewal rates ease in July, but year-on-year increases persist: Ivans

Ivans, a division of Applied Systems, has released the July 2026 results of the Ivans Index, indicating a year-over-year increase in average premium renewal rates across Commercial Auto, Business Owner’s Policy (BOP), General Liability, Commercial Property, and Umbrella. Conversely, Workers’ Compensation experienced a decrease in premium renewal rates during the same period. Month over month,…

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Traditional reinsurers face test of discipline as casualty risk remains hard to price: AM Best

AM Best, the global credit rating agency, says casualty reinsurance is becoming a growing strategic concern for traditional reinsurers as record levels of capital meet uncertainty over long-term loss trends. In its report, Global Reinsurance at an Inflection Point: Can Discipline Survive the Temptation of Record Capital?, AM Best notes that casualty reinsurance presents a…

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Specialty MGA hires Simon Woodage to build NA Property Treaty portfolio

Specialty MGA, the managing general agent within MNK Group, has appointed experienced reinsurance professional Simon Woodage as Senior Underwriter for North American Property Treaty, as it expands its presence in the treaty reinsurance market. Woodage’s appointment will see him take responsibility for developing Specialty MGA’s North American Property Treaty business, with a focus on establishing…

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Mandarin Re lifts paid-up capital to $26m as it targets $70m GWP for 2026

Labuan-domiciled reinsurer Mandarin Re has increased its paid-up capital to $26 million, its second capital increase this year, supporting the firm’s target of $70 million in gross written premiums for 2026. The reinsurer explained that the latest capital injection is aligned with its disciplined approach to capital management, portfolio development and operational excellence. It also…

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