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Price Forbes, a specialist insurance and reinsurance broker, has appointed Chris Harris as Managing Director (MD), Head of US casualty, effective immediately. Harris, who has over three decades of industry experience in broking and underwriting roles with several MGAs, will lead and manage the US casualty team, set and execute strategic direction, and drive growth….
Munich Re has reclaimed its spot as the world’s largest reinsurer for companies that report under IFRS 17, while the specialist Lloyd’s marketplace has climbed above Berkshire Hathaway to claim the top spot for non-IFRS 17 reinsurers, based on year-end 2025 figures. Based on research data from AM Best, the global credit rating agency, our…
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…
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…
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…
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…
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…
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…
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…
Milliman, Inc., a global actuarial and consulting firm, has announced that Jim Fulton will become its next Chief Executive Officer (CEO). Fulton has served as Milliman’s Chief Financial Officer since 2015, where he has played a role in the firm’s organic growth and mergers and acquisitions strategy. “I’ve seen how our talent and commitment to…