Latest Smartphones, Gadgets and Startups News
Insurance
Kestrel Group, a specialty insurance and reinsurance platform, has announced its financial results for the second quarter of 2026, reporting $6.7 million in total revenues despite seeing a net loss of $8.1 million. Q2 2026 revenues were up compared to the $5.5 million reported in Q2 2025. The quarter’s net loss compares to the net…
Radian Group Inc., a global multi-line specialty insurer, has reported a total revenue hike of 93% to USD 575 million for the second quarter of 2026, as net premiums earned rose by USD 100 million to USD 504 million, of which 53%, or USD 267 million came from the Specialty segment following the firm’s acquisition…
Reinsurance and capital solutions broker Augment Risk has announced the appointment of Kurt Cripps as group head of growth and broking, a newly created role, effective immediately. In his new position, Cripps has been tasked with driving the firm’s commercial strategy by identifying and executing key growth opportunities across the business. He will also collaborate…
Dedicated reinsurance capital is expected to increase further in 2026, as reinsurers continue to benefit from underwriting profits, investment returns and growing participation from third-party capital, according to AM Best, the global insurance credit rating agency, and reinsurance broker Guy Carpenter. In its report Global Reinsurance at an Inflection Point: Can Discipline Survive the Temptation…
Global reinsurer Swiss Re has announced the appointments of Damien Bartlett as Head of Market Unit Life & Health UK and Ireland and Middle East and Africa, and Karen Tan as Chief Underwriting Officer for L&H Re. Effective 1 November 2026, Bartlett will succeed Tamas Bown, who has taken on the role of Swiss Re’s…
FurtherAI, an insurance AI platform, has announced the appointment of Zachary Hirsch as Senior Vice President of Sales. The company’s AI agents automate complex workflows across submissions, underwriting, policy administration, audits, and claims, enabling insurance professionals to spend more time applying their expertise and serving customers. In his new role, Hirsch will lead the company’s…
Acies MGU (Acies), a technology and data-driven managing general underwriter (MGU) specialising in the creation and management of niche insurance businesses, has announced its expansion into the marine insurance sector through the launch of TEDmar International (TEDmar), a managing general agent dedicated to the ports and terminals market. The new business will be led by…
AXA XL Reinsurance, part of AXA XL, the property, casualty and specialty risk division of global insurance group AXA, has appointed Stephen Barnard and Callum Higgins as Senior Underwriters in its Marine & Energy Reinsurance team. Barnard officially joined AXA XL Re on 10 August 2026, bringing 12 years of Lloyd’s underwriting experience across Marine…
Tom Ault has succeeded Amy Ellison as Chief Executive Officer of Legal & General Reinsurance, the international reinsurance business of Legal & General Group. Ellison, who served as Chief Executive Officer of L&G Re since 2021, will return to London to take up the role of Chief Internal Auditor for L&G. Ault joined L&G Re…
Credit insurer Coface has reported its first-half 2026 results, with revenue of €939 million, net income of €107.8 million and a combined ratio after reinsurance of 71.3%. For Q2 2026, revenue increased to €474.2 million, while net income decreased to €54.2 million. The combined ratio stood at 72.4%, an improvement of 1.6 ppt year-on-year. First-half…