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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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Catastrophe bond issuance exceeds $11.3bn in record second quarter: Artemis

After a busy start to the year, strong issuance momentum for catastrophe bonds and related insurance-linked securities (ILS) continued in the second quarter of 2026, with issuance volume exceeding $11.3 billion across a record 48 transactions in the quarter, Artemis reported. The Artemis Cat Bond and Related Insurance-Linked Securities (ILS) Market Report, Second Quarter 2026,…

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EPIC names Donatelli as National Surety Practice Development Leader

EPIC Insurance Brokers and Consultants, Inc. (EPIC), a US-based insurance brokerage and advisory company, announced the appointment of Monica Donatelli as head of national surety practice development. In her new role, Donatelli will leverage her more than 16 years of experience in construction and commercial bonding to develop practice strategy, client service delivery and expand…

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