Category: Insurance

Canadian property and casualty insurer Intact Financial Corporation reported an increase in catastrophe and large losses in the second quarter, with pretax and reinsurance net sales $247 million higher than the company’s expectations. By market segment, personal property losses were highest at $252 million, followed by commercial insurance at $37 million and personal automobiles at…

Munich Re, one of the world’s leading providers of reinsurance, primary insurance and risk solutions, has appointed Linda Langenberg as global head of property treaties clients and Lloyds. She takes on the new role after more than 16 years with Munich Re. During her career at the firm, she held a series of underwriting positions…

Global advisory firm Teneo has appointed Barry Gale as senior managing director (MD) of its financial advisory business. He will be based in London and focus on restructuring and transactions in the insurance industry. Gale has been global head of Aon Re’s legacy business since 2021, specializing in mergers and acquisitions (M&A) and reinsurance transactions…

The State Financial Supervisory Commission and the Shanghai Municipal People’s Government jointly issued a notice on the reinsurance industry, proposing measures to accelerate the development of the Shanghai International Reinsurance Center. Following the establishment of the International Reinsurance Trading Board and Shanghai Global Reinsurance Platform in 2023, the Shanghai International Reinsurance Center will be officially…

Gallagher Re, a global reinsurance brokerage and advisory firm owned by Arthur J. Gallagher & Co., reported an 18% year-over-year increase in premiums assigned to the reinsurance market across its underwriting portfolio in 2025, reflecting continued demand for reinsurance capabilities from the expanding U.S. managing general agency (MGA) industry. The research results were published in…

Hyperexponential (hx), a technology company that develops underwriting and pricing software for commercial property and casualty (P&C) insurers, has launched Hyperoperator, an AI-driven underwriting agent designed to take broker submissions from initial receipt to decision-ready documentation while operating within the insurer’s existing pricing model, underwriting preferences and authorization framework. The launch makes hx the first…

QBE North America, a division of global insurance company QBE, has launched QCyber ​​Rapid Pay, a cyber insurance enhancement designed to accelerate underwriting financial support following a cyber incident. Cyber ​​incidents can disrupt operations and cash flow, creating significant uncertainty for businesses. To solve this problem, QCyber ​​Rapid Pay provides earlier access to liquidity, a…

Seychelles Re Global Limited (SeyRe Global), a Tier 2 reinsurance company registered in Barbados, has promoted Vanida Pillay as its new Chief Executive Officer (CEO). Pillay has more than thirty years of industry experience in underwriting, business development, claims management, reinsurance brokerage and construction and engineering insurance. She also has strong client and industry relationships,…

Specialty managing general agent (MGA) Nirvana has signed a definitive agreement to acquire certain assets of Ryan C&S, whose ultimate parent company is Ryan Specialty, LLC. Ryan C&S is a division of Ryan Specialty Nordics and part of Ryan Specialty Europe GmbH, a subsidiary of Ryan Specialty, LLC. Financial terms of the acquisition were not…

Acrisure, a global fintech company providing insurance, reinsurance, real estate and financial services, has launched Acrisure Private Office, designed to support UK high net worth individuals and families with their complex personal insurance needs. The move follows Acrisure’s acquisition of Smith Greenfield earlier this year, integrating specialist private client expertise into the firm. Steve Smith,…