Aon’s NFP acquires Frontier Risk’s retail cannabis business

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…

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Severe weather drives insured losses past $840m in Manitoba and Saskatchewan: CatIQ

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…

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ACORD names John Kellington as CEO

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…

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Spinnaker partners with In The Car to expand embedded motor insurance nationwide

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…

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NextRock unveils plans to establish life insurance and reinsurance platform

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…

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Commercial renewal rates ease in July, but year-on-year increases persist: Ivans

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,…

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Traditional reinsurers face test of discipline as casualty risk remains hard to price: AM Best

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…

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Specialty MGA hires Simon Woodage to build NA Property Treaty portfolio

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…

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