Category: News

Oman Re, the sole reinsurer in the Sultanate of Oman, reported an increase in reinsurance revenue to Omani riyals ($71.4 million) in the first half of 2026, up from Omani riyals 26.4 million ($68.8 million) in the previous year, while disciplined underwriting led to a year-on-year improvement in the combined ratio. During a solid period…

Credit ratings agency AM Best said Spain-based multinational insurance group MAPFRE SA’s plan to acquire Safety Insurance Group, Inc. is strategically attractive, saying the deal would bring together two insurance companies with similar regional operations and product offerings while strengthening MAPFRE’s position in Massachusetts and supporting its expansion in New England. The group’s US subsidiary…

Ryan Specialty Underwriting Managers (RSUM), the underwriting management arm of Ryan Specialty, has named Kristin Daur president, head of North America, Ryan Specialty Renewable Energy, effective immediately. Ryan Specialty Renewables is the managing general underwriter of RSUM and is focused on delivering renewable energy and energy transition solutions globally. The division was recently unified and…

In a recent analysis, management consulting firm McKinsey & Company examined how artificial intelligence (AI) will affect the future direction of the global insurance industry, arguing that as the industry structure evolves, insurers, distributors and technology providers that prepare early may be better positioned. McKinsey & Company says the global insurance industry has experienced steady…

Cowbell, a provider of AI-native cyber and specialty insurance solutions for small and medium-sized enterprises (SMEs), has launched OMNI, an AI-native decision intelligence system designed to support the future development, underwriting and delivery of specialty insurance products. The platform is built on Cowbell’s integrated AI technology platform and global risk pool of more than 55…

KatRisk, a catastrophe risk modeling company providing analysis and insights to the insurance and reinsurance industry, has appointed Eric Robinson as its new vice president of research and development. Robinson joins KatRisk with extensive experience in statistical modeling, data analysis, atmospheric science and disaster risk modeling. He has focused his career on developing and improving…

Global advisory, broking and solutions company WTW has launched Longevity Stream, a new longevity swap product designed to make longevity risk management for UK defined benefit pension schemes more accessible and cost-effective. The solution was developed to address challenges that have historically restricted the use of longevity swaps by small and medium-sized pension schemes. Although…

RiverStone International, an acquirer and reinsurer of global legacy and discontinued insurance businesses, has signed a second loss portfolio transfer (LPT) reinsurance agreement with Pacific Valley Insurance Company. Pacific Valley is a wholly owned captive subsidiary of ride-sharing company Lyft. In March 2025, RiverStone secured its first LPT with a captive insurance company covering a…

UK-based multi-category, multi-territory managing general agency (MGA) Pen Underwriting has strengthened its specialist construction and casualty division with the appointment of four underwriting professionals across its Birmingham, Liphook and London offices. The latest recruitment is part of Pen Underwriting’s ongoing investment in its regional underwriting capabilities, enhancing the firm’s expertise in professional casualty and supporting…

Munich Re Specialty, backed by the expertise of Munich Re Capital Partners, has launched a parametric earthquake insurance solution for Japanese corporate clients using the Lloyd’s Japan platform. Parametric earthquake coverage is reportedly designed to provide liquidity following an event, supporting recovery and continuity even in the absence of physical damage, subject to policy terms,…