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Insurance
NFP, an Aon company and property and casualty (P&C) broker and benefits consultant, has announced the acquisition of the retail cannabis business of Frontier Risk Group, Inc. As a specialty insurance firm, Frontier Risk offers tailored solutions for the cannabis industry and regulated-products clients. The company integrates deep industry knowledge, insurance expertise, and risk management…
Canopius Group, a global specialty and P&C re/insurer, has appointed Rebecca Simeone as its new US Chief Risk Officer. Simeone will join the company on 8 September 2026 and will be based in New York. Simeone will report to incoming US CEO Nadine Moore and Group Chief Risk Officer Sheldon Lacy. She will also become…
Severe weather losses in Manitoba and Saskatchewan – neighbouring provinces located in Western and Central Canada – have climbed above $840 million, according to the latest estimate from Catastrophe Indices and Quantification Inc. (CatIQ). Between June 9 and 10, these two provinces experienced heavy storms that brought tornadoes, hail, damaging winds, torrential rain and flash…
ACORD, the global standards-setting body for the insurance industry, has announced the appointment of John Kellington as its new Chief Executive Officer (CEO). Kellington is an experienced insurance technology leader, with a career focused on the development, adoption and advancement of data standards. Kellington’s appointment marks his return to ACORD. He previously served as ACORD’s…
Spinnaker Insurance Company, a US insurer and subsidiary of Hippo Holdings Inc., has entered into a nationwide partnership with In The Car (ITC), a US-based embedded insurance technology provider, to expand the availability of embedded motor insurance across the United States. The agreement will allow the company to provide bindable personal motor insurance cover across…
Japanese holding company NextRock Group has unveiled plans to establish a life insurance and reinsurance platform, NextLife Insurance Group, with operations and entities in Bermuda and Delaware. NextRock describes itself as a diversified global holding company and investment platform building and managing a portfolio of businesses across multiple industries through specialised operating and investment platforms…
Ivans, a division of Applied Systems, has released the July 2026 results of the Ivans Index, indicating a year-over-year increase in average premium renewal rates across Commercial Auto, Business Owner’s Policy (BOP), General Liability, Commercial Property, and Umbrella. Conversely, Workers’ Compensation experienced a decrease in premium renewal rates during the same period. Month over month,…
James River Group Holdings, Inc., an insurance holding company, has reported net income available to common shareholders of $4.4 million, up 59% from $2.8 million in the same period a year earlier. For the quarter, gross written premiums declined 29% to $268.9 million from $378 million in Q2’25. Net written premiums stood at $148.4 million,…
AM Best, the global credit rating agency, says casualty reinsurance is becoming a growing strategic concern for traditional reinsurers as record levels of capital meet uncertainty over long-term loss trends. In its report, Global Reinsurance at an Inflection Point: Can Discipline Survive the Temptation of Record Capital?, AM Best notes that casualty reinsurance presents a…
Specialty MGA, the managing general agent within MNK Group, has appointed experienced reinsurance professional Simon Woodage as Senior Underwriter for North American Property Treaty, as it expands its presence in the treaty reinsurance market. Woodage’s appointment will see him take responsibility for developing Specialty MGA’s North American Property Treaty business, with a focus on establishing…