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Kovrilo expands SME modular insurance offering

Kovrilo, a MISSION-backed managing general agent providing modular commercial comprehensive insurance to UK SMEs, has further developed its proposition with a series of enhancements designed to expand broker choice and improve protection against increasingly prominent business risks. Kovrilo has launched the changes in partnership with specialist engineering and technology insurer HSB, adapting its product development…

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Sompo to acquire workers’ comp insurer Service Insurance Companies

Sompo, a global provider of commercial and consumer property, casualty and specialty re/insurance, has agreed to acquire Service Insurance Companies, which specializes in workers’ compensation insurance, through one of its U.S. subsidiaries in an undisclosed transaction. The acquisition, which is subject to regulatory approvals and customary closing conditions, will create a compelling opportunity to expand…

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MS Re hires Lisa Butera as CUO for NA and expands Lucas Castagnino’s leadership role

Switzerland-based reinsurer MS Reinsurance has hired Swiss Re’s Lisa Butera as chief underwriting officer (CUO) for North America (NA) and expanded the role of Lucas Castagnino to CUO for Latin America and the Caribbean. Butera brings more than three decades of insurance and reinsurance market leadership experience to MS Re. She joins Swiss Re, one…

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More favourable reinsurance conditions strengthen insurers ahead of 2026 hurricane season: KBRA

US-based global credit ratings agency KBRA said more favorable reinsurance conditions are providing insurers with stronger protection ahead of the 2026 Atlantic hurricane season, although it warned that a calmer seasonal outlook did not eliminate the threat of major catastrophe losses. The rating agency believes that while underwriting discipline and program structure remain critical, greater…

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Texel and ICD sign MoU to mobilise private sector investment in insurance

Texel Group, an independent specialist credit and political risk broker, has signed a memorandum of understanding (MoU) with the Islamic Corporation for Private Sector Development (ICD), the private sector arm of the Islamic Development Bank Group, to establish a framework to leverage non-payment insurance as a strategic tool to support the ICD’s mission of promoting…

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Adaptive Insurance reaches $10m in funding with new capital injection

Adaptive Insurance, a climate resilience-focused company that uses artificial intelligence and data to provide climate-based parametric insurance, has successfully secured $5 million in additional financing from new and existing investors. According to the announcement, the capital injection will be used to accelerate the development and distribution of Adaptive’s products designed to address the growing risks…

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Duck Creek acquires Send Technology to strengthen AI-driven underwriting capabilities

Duck Creek Technologies, a provider of property and casualty (P&C) and general insurance software solutions, has acquired Send Technology Solutions Ltd, an AI-native underwriting orchestration engine. The acquisition creates the industry’s first agency solution that combines core insurance operations and intelligent underwriting workflows across the policy lifecycle and is suitable for multiple operating models. By…

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