Category: Insurance

Allstate, a US primary insurance company, opted to reduce the amount of protection for its Florida excess catastrophe reinsurance tower at its mid-year renewal, while the carrier renewed numerous other contracts with some slight adjustments. Last year, the Florida cat reinsurance tower provided coverage up to $1.1 billion excess a $30 million retention, and included…

Global specialist re/insurance broker Consilium has appointed Ben Compton as associate partner of its Cedent Facultative Risk Solutions team in Singapore, which has been granted a brokerage license by the Monetary Authority of Singapore (MAS). Compton has more than a decade of experience, most recently as Vice President of Property, Political Violence and Terrorism Settlement…

Global reinsurer SCOR reported second quarter 2026 group net profit of €171 million, supported by strong contributions from all business lines, while its property and casualty combined ratio improved to 79.5% on the back of benign natural catastrophe losses, better natural catastrophe losses, better natural loss claims experience and additional reserve strengthening. In the second…

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced a series of risk engineering appointments across the energy, power and construction sectors in the UK and MENA region. Richard Mundy has been appointed principal risk engineer for energy. Based in London, he will be responsible for managing an expanding global client portfolio…

UK flood intelligence specialist Previsico has announced its entry into the African market, starting with South Africa, as part of its continued international expansion. The company develops property-level flood forecasting technology based on peer-reviewed research from Loughborough University and launched the program with funding from the InsuResilience investment fund managed by Blue Orchard Finance Ltd….

Unlike other insurance companies that pulled back or pulled out of California after catastrophic wildfire losses, Kin is moving in the other direction, leaving more than 684,000 Californians relying on California’s Fair Plan. The company expanded to help California homeowners get coverage in the weeks following the January 2025 wildfires, and now with condo insurance…

International specialty re/insurance managing general agent (MGA) Rokstone has announced that its agricultural division has entered into a new capacity agreement with AXA XL, introducing an excess livestock risk facility with limits of up to $20 million. The company said the facility strengthens its livestock proposition by providing additional capacity for excess livestock exposure, while…

Hanover Insurance Group, a U.S. property and casualty insurance company headquartered in Worcester, Massachusetts, reported net profit of $191.6 million in the second quarter of 2026, up from $157 million in the same period a year earlier, and its combined ratio improved to 91.2% from 92.5% in the same period in 2025. Operating income increased…

Howden Re Japan CEO Kentaro Tada said that while the 7.1-magnitude earthquake that hit Kumamoto Prefecture on July 28 was devastating, with early reports showing dozens of deaths, hundreds of injuries and localized structural damage, insured losses are likely to remain well below those from the 2016 Kumamoto quake and more comparable to the 2024…

Global reinsurer Swiss Re (Swiss Re) has formed a partnership with SAS, a global leader in data and artificial intelligence, to help insurance companies strengthen their resilience through artificial intelligence-driven risk intelligence and advanced actuarial decision-making. The partnership between the two companies reportedly reflects a “broader industry shift” towards insurance operations combining artificial intelligence and…