Category: Insurance

Reinsurance broker Howden Re reported a 25% drop in risk-adjusted property catastrophe rates on a weighted average basis at reinsurance renewals on June 1, accelerating from the -14.7% and -16% declines the company recorded during January and April renewals, respectively. Howden Re’s June 1 risk-adjusted Property Catastrophe Reinsurance Online Rates (ROL) index showed continued weakness…

Acrisure Re, the reinsurance arm of global fintech company Acrisure, has forecast slightly below-average activity in the upcoming 2026 Atlantic hurricane season, but CEO Simon Hedley stressed that the industry cannot afford to be complacent and that preparedness and rigorous risk management remain vital. The 2025 Atlantic hurricane season was considered a slightly above-average Atlantic…

Insurance holding company HCI Group, Inc. has completed its catastrophe reinsurance program for the 2026-2027 treaty year, ensuring total excess of losses (XoL) limits for the period of $4.06 billion, a 16% increase from the previous treaty year. HCI acquired three reinsurance towers in the 2026-2027 treaty year (from June 1, 2026 to May 31,…

26 North Reinsurance Holding Company announced that it has entered into a definitive agreement to purchase the entire issued share capital of Independent Insurance Group, LLC, the parent company of Independent Life Insurance Company. Independent Life is considered a specialist insurance company that specializes in providing structured settlement annuities to individuals and their families with…

American Integrity Insurance Group, a Tampa-based property and casualty insurance holding company, has fully implemented its 2026-2027 indemnity-based catastrophe excess loss reinsurance program for its insurance subsidiary American Integrity Insurance Company (AIIC), effective June 1, 2026. The company said market conditions were favorable at renewal on June 1, supported by a well-capitalized reinsurance market, legislative…

Verisk has launched a major update to its U.S. Tropical Cyclone Model, delivered through its new cloud-native Synergy Studio platform, providing more realistic assessments of individual and portfolio risk for insurance, reinsurance and capital markets. According to Verisk, the updated U.S. tropical cyclone model reflects a near-term climate view based on recent tropical cyclone behavior…

International insurer and reinsurer QBE has announced the appointment of Andy Tsui as Head of Corporate Underwriting for Hong Kong and Macau and Head of People Risk for Asia, effective June 1, 2026. Xu will be based in Hong Kong and will report to Lei Yu, CEO of North Asia. In his new role, he…

In an increasingly complex geopolitical environment, James Mahon of global technology services provider DXC Technology urges a move away from manual processes and fragmented systems towards modern, automated reinsurance platforms to enable reinsurers/insurers to maintain control, respond to changes faster, and compete in volatile markets. James Mahon, head of reinsurance pre-sales at DXC Technology, said…

Global reinsurer Munich Re has announced a number of key leadership appointments within its claims organization, all effective June 1, 2026. In light of his retirement at the end of November, current head of single risk claims Michal Mekota will resign. In this role, he will serve as a senior executive advisor, focusing on strategic…

Fortegra Group, Inc., a global specialty insurance company, announced the completion of its acquisition of DB Insurance Co., Ltd., a Korean non-life insurance company. The deal, originally announced on September 26, 2025, will see DB Insurance acquire 100% of the outstanding shares of Fortegra from Tiptree and Warburg Pincus for approximately $1.65 billion in cash….