SiriusPoint appoints Parvatikar as VP, Reinsurance Technology Platforms & Transformation Lead

SiriusPoint, a specialty insurer and reinsurer based in Bermuda, has appointed Ajay Parvatikar as VP, Reinsurance Technology Platforms & Transformation Lead. Parvatikar brings more than 25 years of professional IT experience, driving enterprise-wide technology initiatives that accelerate digital transformation across the organisation. He has a proven track record of leading complex, cross-functional change programmes, translating…

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Mangrove secures record cat reinsurance programme for 2026 hurricane season

Mangrove Property Insurance Company has secured a record-setting catastrophe reinsurance programme for the 2026 Atlantic Hurricane Season, providing protection against both the frequency and severity of catastrophe events, with coverage extending to a 1-in-175-year storm. The programme also includes aggregate cover for protection against third and fourth events, as well as the placement of a…

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Pen Underwriting’s increased capacity to support growth in property owners practice

Pen Underwriting, a multi-class, multi-territory managing general agent (MGA), has secured a multi-million-pound capacity deal to underpin the strong growth and performance of its UK property owners practice. According to the announcement, the multi-year deal will enable Pen to write £120 million in gross written premium over the next three years, effectively doubling the capacity…

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ABIR names new Treasurer and Finance Committee members

The Association of Bermuda Insurers and Reinsurers (ABIR), the trade association representing Bermuda’s insurance and reinsurance sector, has appointed Elizabeth Breeze as its new Treasurer. Breeze, who serves as Head of Hiscox Capital Partners, joined Hiscox in 2012 and took on her current position in 2025. She brings more than two decades of experience in…

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Kin Q2’26 revenue increases to $68m

Kin, the direct-to-consumer provider of insurance and home finance solutions for homeowners, has announced its financial results for the second quarter of 2026, reporting total revenue of $68 million and gross written premiums of $218.9 million. Comparably, for Q2 2025 the firm reported total revenues of $ 58.5 million and GWP of $190.2 million. Gross…

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RiverStone International and QBE agree $1.6bn LPT reinsurance agreements

Legacy reinsurance and run-off specialist RiverStone International has entered into loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately US$1.6 billion in reserves, further strengthening the long-standing partnership between both companies.  Subject to regulatory approval, the transactions cover North American Middle Market and Workers’ Compensation portfolios, and European liability books. Paul Brockman, Group…

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Relation Insurance appoints Julio Bermudez to lead private equity and transactional risk unit

Relation Insurance Services, an insurance brokerage and risk management firm, has appointed Julio Bermudez as Practice Leader, Private Equity, Transactional Risk and Financial Institutions. Bermudez brings more than 30 years of experience advising private equity firms, financial institutions and portfolio companies on management liability and transactional risk solutions. In his new role at Relation, Bermudez…

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Aviva H1’26 operating profit exceeds £1.3bn as GI premiums increase 29%

British insurer Aviva has announced its financial results for the first half of 2026, reporting Group operating profit of £1.326 billion, up 24% from £1.068 billion in H1 2025. Total general insurance (GI) premiums increased 29% to £8.093 billion, up from £6.29 billion reported for the same period last year. The Group’s undiscounted combined operating…

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