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Insurance
Bamboo Insurance Services, Inc. has launched the roadshow for its proposed initial public offering of 35,000,000 shares of its Class A common stock, with the selling stockholders seeking to raise between $630 million and $700 million at an expected price of between $18.00 and $20.00 per share. Initially announced on 1 September 2026, the offering…
Kin, a provider of insurance solutions for homeowners, has announced that it has reduced its homeowners insurance rates by an average of more than 20% for new and existing Florida policyholders in Broward, Miami-Dade, and Palm Beach counties, amid reforms and a softening re/insurance market. Angel Conlin, Chief Insurance and Compliance Officer at Kin, highlighted…
Groupama has reported net income of €560 million for H1 2026, while premium income reached €14 billion, an 8.7% increase from the same period last year. In terms of premium income, Groupama posted growth across all business lines in the first half of the year. Property and casualty insurance increased 5.6% to €7.270 billion, while…
An entity to be formed by Sequence Holdings and DFO Management (Dell Family Office) is set to acquire a majority interest in The Baldwin Group, Inc. in an all-cash transaction valued at approximately $7.7 billion, meaning Baldwin will become a privately held company. After mainstream media reports on the matter over the weekend, Baldwin has…
As global temperatures continue to rise, insurance is increasingly emerging as a critical tool for mitigating the financial strain caused by extreme heat, according to Swiss Re’s Rethinking resilience in the face of extreme heat report. In combination with adaptation measures, insurance transfers risk while delivering valuable financial signals about the effectiveness of initiatives designed…
As global temperatures continue to rise, insurance is increasingly emerging as a critical tool for mitigating the financial strain caused by extreme heat, according to Swiss Re’s Rethinking resilience in the face of extreme heat report. In combination with adaptation measures, insurance transfers risk while delivering valuable financial signals about the effectiveness of initiatives designed…
Zurich Insurance and Beazley have confirmed that Zurich’s recommended all-cash acquisition of the London-headquartered specialist insurer is on track to take effect on 1 October 2026, after all required regulatory approvals were secured. In a joint update issued today, the two firms confirmed that every regulatory approval required for the transaction has now been satisfied….
Global insurer American International Group (AIG) has appointed Oliver Dlugosch as Head of Aviation EMEA. Based in Munich, Dlugosch will play a key role in further strengthening AIG’s aviation business in the EMEA region. He brings three decades of aviation insurance experience, with deep technical expertise, a strong client and broker focus and significant leadership…
Berenberg analysts said discussions at the 2026 Monte Carlo Rendez-Vous de Septembre (RVS) pointed to the first signals of some degree of flexibility on terms and conditions (T&Cs) coming to the market. Berenberg attended the annual Monte Carlo RVS, which took place from 5–9 September 2026, speaking with representatives of Hannover Re, Hiscox, Munich Re,…
Lockton Re, the reinsurance broking business of independent insurance broker Lockton, has appointed Rob McNamara as Chairman of North America Facultative, and Craig Wadman as Facultative Leader for North America. In his new role, McNamara will advise on the overall Facultative strategy across North America. He joined Lockton Re in 2021 with over three decades…