AI-powered wholesale broker Novella raises $21m for US expansion
Novella, an artificial intelligence (AI)-powered wholesale insurance broker, has raised $21 million in funding to expand its business, hire agents and develop its proprietary AI platform. The financing was led by Brewer Lane Ventures, with participation from Box Group; Crystal Venture Partners; SV Angels; Avid Ventures; Verissimo Ventures; Blank Ventures; and global insurance firm Arch….
Insurance CEOs stress AI should not erode personalisation & face-to-face interaction: Sollers report
Insurance industry leaders emphasize that artificial intelligence (AI) is fundamentally changing the way insurers interact with people, emphasizing that the technology should enhance rather than diminish empathy, personalization and face-to-face interactions, according to a recent report by Sollers Consulting. The report is based on insights from 11 CEOs of the world’s leading insurance companies. It…
Malibu Life names Todd D. Shriber as CEO ahead of expansion plans
Malibu Life, a Cayman Islands-based life insurance and reinsurance group listed on the London Stock Exchange under the ticker MLHL, announced the appointment of Todd D. Shriber as its new Chief Executive Officer, effective July 20, 2026. Shriber will succeed Gary Dombowsky, who is resigning from the position but will remain associated with the company…
Global multiline insurers’ earnings near peak levels in 2025: S&P
Financial research and credit rating agency S&P Global Ratings said the world’s largest multi-line insurer continued to deliver strong financial performance in 2025, supported by disciplined underwriting, solid investment returns and a resilient capital position. The company said in a new report that the 15 global multi-line insurers (GMI) it rates had a combined net…
Aviva sees 19% general insurance premium growth and improved CoR in Q1’26
British insurance company Aviva announced that general insurance (GI) premiums increased by 19% in the first quarter of 2026, reaching 3.4 billion pounds, and the group’s undiscounted combined ratio improved to 94.1%. By comparison, in the first quarter of 2025, the insurer’s GI premiums were £2.9 billion, with a combined ratio of 96.6%. UK and…
Legacy market sees more complex capital relief structures: Compre CUO Bardon
Compre chief underwriting officer (CUO) Rachel Bardon said the traditional re/insurance market continues to evolve and is increasingly moving towards pure capital relief structures, which are increasingly complex and require creative, patient, long-term partners. In an interview with Reinsurance News during our visit to Bermuda, Baden discussed the current state of the traditional market. She…
QBE Re appoints Montassar Cherrak as Regional Head of Middle East and North Africa
QBE Re, the reinsurance arm of global insurance group QBE, has appointed Montassar Cherrak as its regional head for the Middle East and North Africa (MENA). Based in Dubai, Cherrak will report to Houcine Zouaoui and oversee QBE Re’s underwriting strategy in the Middle East and North Africa region. The appointment is reportedly part of…
Charles Amblard joins Gallagher’s private capital and M&A solutions team in France
Gallagher has announced the appointment of Charles Amblard as senior advisor to its global multi-disciplinary Private Equity and M&A practice (PEMA) in the Europe, Middle East and Africa region. Based in France with responsibility across Europe, Amblard will drive the development of new client relationships and strengthen Gallagher’s footprint in M&A and private equity. He…
KatRisk bifurcates business into two units: Intelligence & Tech
KatRisk, a provider of catastrophic risk modeling software to the insurance and financial services industries, has officially launched its two core business units: KatRisk Intelligence and KatRisk Technology. This divergence continues the company’s efforts to connect scientific innovation to real-world decision-making in the insurance and financial services industries. KatRisk said the move also reflects the…
Economic uncertainty dominates while capital positioning remains strong: Moody’s
Credit rating and risk analysis agency Moody’s Ratings has announced the results of its annual survey of chief financial officers of 27 leading European re/insurance companies. Moody’s report stated that the European insurance industry will mainly focus on macroeconomic uncertainty in 2026, with competitive pressure and geopolitical risks also ranking high. Despite this cautious backdrop,…
