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ACORD, the global standards-setting body for the insurance industry, has announced the appointment of John Kellington as its new Chief Executive Officer (CEO). Kellington is an experienced insurance technology leader, with a career focused on the development, adoption and advancement of data standards. Kellington’s appointment marks his return to ACORD. He previously served as ACORD’s…
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…
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…
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,…
James River Group Holdings, Inc., an insurance holding company, has reported net income available to common shareholders of $4.4 million, up 59% from $2.8 million in the same period a year earlier. For the quarter, gross written premiums declined 29% to $268.9 million from $378 million in Q2’25. Net written premiums stood at $148.4 million,…
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…
In the last couple of years, Tina Fey’s heartwarming comedy The Four Seasons has become one of Netflix’s most popular new original series. The show recently premiered its second run of episodes, once again centring on a year in the lives of a tight-knit group of devoted friends. Netflix has already confirmed that the series…
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…
Scott Egan, Chief Executive Officer (CEO) of specialty insurer and reinsurer SiriusPoint, said the firm is a broader and more balanced business today, giving it the ability to move and redeploy capital across lines, segments, and geographies where there are attractive returns. SiriusPoint recently reported its second-quarter 2026 results, generating net income available to common…
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…