Category: Insurance

International specialty re/insurance managing general agent (MGA) Rokstone has announced that its agricultural division has entered into a new capacity agreement with AXA XL, introducing an excess livestock risk facility with limits of up to $20 million. The company said the facility strengthens its livestock proposition by providing additional capacity for excess livestock exposure, while…

Hanover Insurance Group, a U.S. property and casualty insurance company headquartered in Worcester, Massachusetts, reported net profit of $191.6 million in the second quarter of 2026, up from $157 million in the same period a year earlier, and its combined ratio improved to 91.2% from 92.5% in the same period in 2025. Operating income increased…

Howden Re Japan CEO Kentaro Tada said that while the 7.1-magnitude earthquake that hit Kumamoto Prefecture on July 28 was devastating, with early reports showing dozens of deaths, hundreds of injuries and localized structural damage, insured losses are likely to remain well below those from the 2016 Kumamoto quake and more comparable to the 2024…

Global reinsurer Swiss Re (Swiss Re) has formed a partnership with SAS, a global leader in data and artificial intelligence, to help insurance companies strengthen their resilience through artificial intelligence-driven risk intelligence and advanced actuarial decision-making. The partnership between the two companies reportedly reflects a “broader industry shift” towards insurance operations combining artificial intelligence and…

Technology-based insurance company Slide Insurance Holdings, Inc. reported net profit of $134.9 million in the second quarter of 2026, an increase of 92.4% from $70.1 million in the same period last year. The company’s combined ratio for the quarter was 57.6%, an increase of 980 basis points from 67.4% in the same period last year,…

Independent insurance broker Lockton has announced the launch of its Global Data Center and Digital Infrastructure practice, a consulting practice that helps organizations address risks associated with the infrastructure that stores, processes and moves information. The practice further builds on Lockton’s experience supporting complex digital infrastructure risks globally, including hyperscale campuses, multi-building developments, phased construction…

Bermuda-based insurance and reinsurer Arch Capital Group Ltd. reported second-quarter 2026 net income of $1 billion, down about $200 million year-over-year as catastrophe losses across the business increased to $201 million. Despite the year-over-year decline in net income, Arch’s second-quarter results were strong, with after-tax operating income of $893 million, compared with $979 million in…

Industry veteran Lynn Serpico has been named managing director of client engagement at risk advisory, insurance brokerage and reinsurance services company Marsh. Serpico brings more than three decades of industry experience and rejoins Marsh after nearly 17 years with Aon. Throughout her career, she has built a reputation for transformational leadership in global client strategy,…

Florida-based reciprocal exchange home insurance company Praxis Reciprocal Exchange announced the appointment of Ross Bowie as chief executive officer (CEO). Bowie will also serve as CEO of PRE Risk Management, the de facto attorney for Praxis Reciprocal Exchange. Praxis was launched in 2025 and has since successfully completed multiple acquisitions and established a disciplined underwriting…

Australian insurance company IAG has partnered with OpenAI to explore agent-based voice solutions to help its Australian employees provide better service and support to customers. Powered by its newly launched agent system OpenAI Presence, IAG will first explore opportunities to enhance claims delivery, with a focus on supporting customer response and expansion capabilities during natural…