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Technology-based insurance group Hippo announced the closing of Mountain Re Ltd. (Series 2026-1), a $100 million catastrophe bond that provided multi-year collateralized reinsurance protection against a variety of risks in the United States. The offering was sponsored by Spinnaker Insurance Company, a wholly-owned subsidiary of Hippo, and consisted of $100 million in Class A notes….
The Reinsurance Association of America (RAA), the U.S. property and casualty reinsurance industry association, has appointed Susan Donegan as senior vice president (SVP) and head of country relations, effective June 1, 2026. Donegan is an industry veteran who most recently served as chief regulatory officer for the National Council for Compensation Insurance (NCCI), where he…
Malaysian investment holding company MNRB Holdings Berhad announced the signing of a conditional share purchase agreement to acquire the remaining 80% equity interest in Labuan Reinsurance (L) Ltd for approximately US$100.69 million in cash. Currently, Labuan Reinsurance is an associate company of Malaysia Reinsurance Berhad, a wholly-owned subsidiary of MNRB, holding a 20% stake. Upon…
Hamilton Insurance Group has appointed Christopher R. Stella as chief claims officer for Hamilton Select, the primary carrier of its domestic U.S. excess and surplus (E&S) business. Stella has over 20 years of property and casualty claims experience and has been with Chubb for over 18 years in a range of claims leadership positions of…
Bermuda-based global reinsurer Everest has agreed to sell Everest CompañÃa de Seguros Generales Columbia SA to American International Group (AIG). The transaction follows the previously announced sale of its global commercial retail insurance renewal rights to AIG and the sale of its Canadian retail insurance business, the company said. It also reportedly marks “another key…
Aon, a global professional services firm focused on risk, health and wealth solutions, has announced a series of leadership changes affecting its EMEA and Latin America (LatAm) businesses, including the appointment of Kai-Frank Buechter and Tracy-Lee Kus as co-CEOs of EMEA, effective June 1. Under the revised structure, Buechter will be responsible for the business…
Credit ratings agency AM Best reports that average annual rate increases for U.S. private passenger auto and homeowners insurance in 2025 are close to pre-pandemic levels. The company noted that both pay lines had experienced substantial growth in recent years, driven by rising claims costs and increased loss activity. Data from AM Best shows that…
Nexus Underwriting Limitedm, part of Arrowhead Intermediaries, has confirmed the appointment of Chris Bailey as regional head of underwriting development – finance. The company said the appointment was part of its ongoing efforts to strengthen its financial capabilities. Bailey will be based in Manchester. This follows Nexus Underwriting’s recent appointment of Walid Youssef as head…
DUAL UK, the underwriting arm of Howden Group Holdings, has announced a new capacity deal with French insurer AXA to support its natural resource products. The offering is aligned with net zero ambitions and focuses on renewable energy technologies including solar, wind and hydro. The program aims to empower renewable technology operators through expert-driven underwriting…
Zurich Insurance, a multinational insurance provider offering commercial and retail insurance, has completed a 90-day deployment of Cytora’s agency AI risk digital platform in five countries. Cytora is an insurtech company focused on artificial intelligence-based risk processing, and Zurich Insurance plans to expand its operations to more than 20 markets in the next 16 months….