Category: News

Innovation Growth Partners Specialty (IGP Specialty), a US-registered specialty insurance company and subsidiary of USI Insurance Services, has appointed David Nikolai as President of Projects, effective immediately. IGP Specialty was formed in November 2025 from the merger of specialty lines underwriting manager and wholesale broker US Risk and plan administrator Safehold Special Risk. Nicola brings…

QBE Re managing director Nick Hankin said the company was increasingly focusing on building long-term, meaningful relationships with a handful of key partners rather than expanding broadly across markets, which could mean being selective about where it deploys capacity. In an interview with Reinsurance News, Hankin discussed what he sees as the most attractive opportunities…

Pinion Insurance, a new technology-enabled specialty insurance company, has launched Sarrus, an upgraded, fully integrated proprietary technology platform designed to replace fragmented, outdated data exchanges in the managing general agent (MGA) space with daily portfolio visibility and audit-ready reporting. Sarrus allows MGAs to partner with reinsurers by digitizing the flow of data and information from…

Selective Insurance Group reported financial results for the second quarter of 2026, with net profit of $127.1 million and a combined ratio improvement of 98%. Net income increased 52% in the second quarter of 2026 from the same period last year, while the combined ratio decreased by 2.2 percentage points from 100.2% in the second…

Ageas Re, the reinsurance arm of international insurance group Ageas, reported strong growth in its third-party business during its January-July 2026 renewal campaign, driven by share gains in selected plans and significant new business generation. During the period, the reinsurer continued to expand its third-party business portfolio and further diversified its underwriting platform, although it…

Specialty insurance and reinsurance brokerage Price Forbes has announced the expansion of its cross-category tracking tool Lectio to include casualty insurance. Lectio initially launched in April 2021, providing Price Forbes clients and brokers with guaranteed exclusive capabilities. The platform began offering freight, physical, financial products, healthcare and marine insurance with a premium coverage of approximately…

Adam Bass has been appointed head of maritime and aviation treaties at international specialist insurer Hiscox, replacing market veteran Guy Ellis, who is retiring later this year. Bass joined Hiscox in 2006 as an art and coin underwriter, bringing extensive institutional knowledge and technical expertise to the position. He then moved to the Maritime and…

Credit ratings agency AM Best has assigned MS Transverse’s new excess and surplus (E&S) entity Newhall Specialty Insurance Company (NSIC) a financial strength rating of A+ (senior) and a long-term issuer credit rating of “aa” (senior) with a stable outlook. MS Transverse Insurance Group is a property and casualty insurance company, a subsidiary of Mitsui…

Tokio Marine HCC (TMHCC), a specialty insurance company headquartered in Houston, Texas, announced the appointment of Megann Pfeffer as president of its public risk group, effective immediately, reporting to Matt Overlan, chief executive officer of Tokio Marine HCC – Specialty Group. Pfeffer joined the organization in 2022 as chief operating officer of the public risk…

AM Best has revised the outlook for FGH Parent, LP and its subsidiaries (collectively, Fortitude Re) to stable from negative and affirmed its financial strength rating of A (Excellent) and long-term issuer credit rating of “a” (Excellent). FGH Parent, LP’s insurance and reinsurance subsidiaries include Fortitude Reinsurance Company Ltd., Fortitude Life Insurance & Annuity Company…