Category: News

Canadian property and casualty insurers Intact Financial Corporation and Definity Financial Corporation have both released catastrophe loss estimates for the third quarter of 2026. Intact estimates that total catastrophe losses for Q3’26 were approximately $660 million on a pre-tax basis and net of reinsurance. The loss estimate consisted of $52 million in Personal Auto losses,…

Igloo, Southeast Asia’s full-stack insurtech company building the operating system for insurance, has partnered with DANA, an Indonesian e-wallet platform, to launch DANA Rain Protection, a parametric weather insurance coverage which will automatically compensate users with IDR 50,000 when triggered. The parametric product is triggered when rainfall at the user’s location reaches 2.5mm or more…

Global mergers and acquisitions (M&A) activity increased in the first nine months of 2026, with higher-value transactions contributing to a rise in overall deal value, according to WTW, the global professional services company providing risk, insurance, investment and consulting services. WTW reported that the value of completed M&A transactions rose by 23.9% during the first…

Sapiens International Corporation N.V., a provider of AI-centric, SaaS-based insurance software, has announced the launch of Sapiens Brain, the proprietary AI foundation powering SapiensAIP, its AI platform for the insurance industry. In September 2026, Sapiens launched its AI-native Sapiens Autonomous Insurance Platform (SapiensAIP), a SaaS solution designed to help insurers integrate AI directly into their…

Moody’s Ratings, the credit ratings agency, expects the outlook for the UK’s life and property and casualty (P&C) insurance sectors to remain stable. The agency says insurers should continue to benefit from strong sources of revenue, including higher investment yields, growing pension savings and consistent demand for compulsory insurance. However, economic uncertainty, weaker insurance pricing…

The Lloyd’s Market Association (LMA), which represents managing agents in the Lloyd’s market, and the International Underwriting Association (IUA), representing insurers operating in London’s company market, have established a new group focused on healthcare claims. The Joint Healthcare Claims Group brings together claims professionals from across the Lloyd’s and company markets, with the aim of…

As Tropical Storm Isaias is forecast to rapidly intensify into a Category 2 hurricane over the Gulf’s extremely warm waters, with landfall expected along the northern Gulf Coast late Friday or early Saturday, Gallagher Re said the event is unlikely to meaningfully affect upcoming January 1 reinsurance renewals given ample market capital. While some weakening…

Jensten Group, a UK insurance broking, underwriting, and distribution group, has announced the appointment of Clive Buesnel as Group Chief Executive Officer, effective 2 November 2026, and subject to regulatory approval. Buesnel will be succeeding Rob Organ who has led Jensten since 2021 when he joined as CEO from Tasker Insurance Group. The executive is…

Kyntra, a MISSION-backed managing general agent (MGA), has entered the market to provide property cover for brokers placing risks that fall outside standard insurer appetites. Led by co-founder and co-CEOs David Gibson and Robert Purser, who bring over 40 years’ combined insurance experience in establishing specialist property portfolios, the Dublin-based firm aims to bridge critical…

London-domiciled specialist insurance and reinsurance managing general agent (MGA), Athena Re, has received approval to serve as a Lloyd’s Coverholder. The MGA explained that this marks a significant milestone, aligning with its long-term growth plan to bring highly rated global insurance capacity closer to high-growth emerging markets. As a Lloyd’s Coverholder, Athena Re will operate…