Category: Insurance

Accelerant, a data-driven risk exchange platform for the specialty insurance market, has partnered with the newly launched WoodStar Reciprocal Exchange. WoodStar Reciprocal Exchange is a mutual insurance company funded by more than $220 million in surplus notes and capital from unrelated third parties, including KKR-backed specialty finance firm Kilter Finance and funds managed by alternative…

British insurance broking and financial services group Jensten Group has agreed to acquire Glasgow-based broker Kelvin Smith Insurance, subject to regulatory approval. Jensten Group said the deal was part of its ongoing strategy to expand regionally and further develop its Scottish operations. The acquisition will add 30 staff, an established Glasgow office and more than…

International specialty reinsurance/managing general agent (MGA) Rokstone has announced the addition of Claire Lill to its North American casualty team. Lill joins Rokstone’s established North American casualty leadership team, which includes Larry Burrows, Ben Baker, Alex Fitzpatrick and Lex Beesley. Together they are building a casualty platform that combines underwriting expertise, long-term capability partnerships and…

Ategrity Specialty Insurance Company Holdings reported preliminary financial results for the second quarter of 2026, with gross written premiums (GWP) exceeding $205 million and a combined ratio below 87%. According to Ategrity, a New York-based specialty insurance company and a unit of Zimmer Financial Services Group LLC., the results beat the company’s previously communicated outlook…

Global advisory, brokerage and solutions company WTW has appointed Oliver Pryce as head of corporate risk and brokerage (CRB) for Southeast Asia at Willis and Rupert Roberts as Asia chief commercial officer (CCO), both effective January 4, 2027. Price will be based in Singapore and succeeds Roberts, who will assume the newly created role. Price…

Insurance Australia Group Ltd (IAG) has submitted a set of proposed remedies to the Australian Competition and Consumer Commission (ACCC) to address the regulator’s competition concerns over its proposed acquisition of RAC Insurance Pty Limited (RACI) from the Royal Automobile Club of Western Australia. The deal, announced in May 2025, includes a 20-year exclusive distribution…

Ryan Specialty Underwriting Managers (RSUM), the underwriting management arm of Ryan Specialty, announced the appointment of Jeff Smith as Chief Executive Officer of the newly formed Ryan Specialty Renewables business, effective immediately. Ryan Specialty Renewables is the arm of RSUM that manages the general underwriting business and is focused on delivering renewable energy and energy…

Ryan Specialty Underwriting Managers (RSUM), the underwriting management arm of Ryan Specialty, announced the appointment of Jeff Smith as Chief Executive Officer of the newly formed Ryan Specialty Renewables business, effective immediately. Ryan Specialty Renewables is the arm of RSUM that manages the general underwriting business and is focused on delivering renewable energy and energy…

RBC Capital Markets, the investment banking and capital markets business unit of Royal Bank of Canada, expects the U.S. property and casualty (P&C) insurance industry to remain competitive, with soft prime property pricing and a possible rise in catastrophe losses that could impact earnings for insurers and insurance brokers. The real estate market continues to…

Marsh Risk, a Marsh Risk business, has launched MLOne, the first leading umbrella casualty compensation organization in the United States, designed to provide stronger protection and clearer claims coordination for clients operating in an increasingly litigious environment. The new business unit represents Marsh’s expanding excess casualty facilities, including the BX1 facility in Bermuda and the…