Category: Insurance

Direct-to-consumer home and auto insurer Kin today confirmed that its three mutual exchanges have completed reinsurance programs at renewal on June 1, providing more than $1.9 billion in coverage for natural catastrophe events, with the combined cost per dollar of risk coverage reduced by 25% compared to the cost paid at renewal in 2025. The…

HDI Global (HDI), the corporate and specialty insurance company of Talanx Group, has appointed Justin Gress as chief operating officer (COO) of its US operations. In her new role, Gress will be tasked with managing a broad range of operational responsibilities, including product development, transformation, talent management and the enhancement of data and technology capabilities….

Lemonade, a digital insurer powered by artificial intelligence and social impact, has chosen to reduce its quota share transfer from 20% to about 18% at renewal on July 1, meaning the insurer will retain a larger share of its expanding gross profits. In addition to the reduced quota share for the 2026-2027 reinsurance program, Lemonade…

Global insurance brokerage and risk advisory firm Marsh believes that despite rapid growth in cybersecurity investment in recent years, cyber insurance still accounts for only a small portion of overall cyber spending. The company believes that as cyber incidents cause greater operational and financial losses, many organizations continue to retain significant cyber-related financial risks on…

Specialty private equity firm Flexpoint Ford has closed a single asset continuation vehicle for SageSure, a general underwriter (MGU) specializing in the catastrophe risk market, with total commitments in excess of $460 million, including commitments from the general partner and rollover investors. The continuation vehicle, led by Lexington Partners with participation from Barings and Round2…

Howden Re said the July 1, 2026 reinsurance renewals in Latin America were completed in a market with ample capacity, increased competition and growing demand for structural innovation, with rate reductions of 15% to 20% for property catastrophe excess loss plans. Expanding interest from the Bermuda, London and MGA markets was reported in Latin America’s…

Pool Re, the UK’s largest terrorism reinsurer, has launched TERRA (Terrorism Risk and Resilience Assessment), designed to help policyholders assess and manage terrorism risks in their property portfolios. Pool Re said TERRA combines police and NSA security guidance with the company’s assessment of UK terrorist intentions and capabilities to provide businesses with tailored insights. Tom…

Reinsurance brokerage Howden Re, part of brokerage group Howden, reported that Australia and New Zealand (ANZ) reinsurance renewals on July 1 essentially delivered a 10% to 15% reduction in no-loss business rates as protection buyers increased vertical limit purchases. Analysis by Howden Re shows some cedants actually received fee reductions of more than 15 per…

Global consultancy, brokerage and solutions company WTW has announced that Nick Holmes has taken on a larger role within the organization, adding responsibilities for placements across CEEMEA (Central and Eastern Europe, the Middle East and Africa) in addition to his current responsibilities as Head of Western European Placements. During his tenure at WTW, Holmes will…

Carbon Underwriting Limited, an authorized underwriting specialist with its own Lloyd’s syndicate, has signed a major growth equity investment agreement with FTV Capital, a global industry-focused growth equity firm. The deal was led by Mike Vostrizansky, Richard Earnshaw and Max Weber from FTV. Carbon said the investment will accelerate the growth of its mandated underwriting…