Category: News

Sompo, a global provider of commercial and consumer property, casualty and specialty re/insurance, has agreed to acquire Service Insurance Companies, which specializes in workers’ compensation insurance, through one of its U.S. subsidiaries in an undisclosed transaction. The acquisition, which is subject to regulatory approvals and customary closing conditions, will create a compelling opportunity to expand…

Switzerland-based reinsurer MS Reinsurance has hired Swiss Re’s Lisa Butera as chief underwriting officer (CUO) for North America (NA) and expanded the role of Lucas Castagnino to CUO for Latin America and the Caribbean. Butera brings more than three decades of insurance and reinsurance market leadership experience to MS Re. She joins Swiss Re, one…

US-based global credit ratings agency KBRA said more favorable reinsurance conditions are providing insurers with stronger protection ahead of the 2026 Atlantic hurricane season, although it warned that a calmer seasonal outlook did not eliminate the threat of major catastrophe losses. The rating agency believes that while underwriting discipline and program structure remain critical, greater…

Global reinsurer Munich Re (Munich Re) has announced the appointment of Michael Correa as President and Chief Executive Officer of its Canadian (life) business, effective September 1, 2026. The executive will succeed Bernard Naumann, who has been appointed to lead Munich Re’s Life & Health business in Europe and Latin America from January 1, 2027….

Texel Group, an independent specialist credit and political risk broker, has signed a memorandum of understanding (MoU) with the Islamic Corporation for Private Sector Development (ICD), the private sector arm of the Islamic Development Bank Group, to establish a framework to leverage non-payment insurance as a strategic tool to support the ICD’s mission of promoting…

Adaptive Insurance, a climate resilience-focused company that uses artificial intelligence and data to provide climate-based parametric insurance, has successfully secured $5 million in additional financing from new and existing investors. According to the announcement, the capital injection will be used to accelerate the development and distribution of Adaptive’s products designed to address the growing risks…

Duck Creek Technologies, a provider of property and casualty (P&C) and general insurance software solutions, has acquired Send Technology Solutions Ltd, an AI-native underwriting orchestration engine. The acquisition creates the industry’s first agency solution that combines core insurance operations and intelligent underwriting workflows across the policy lifecycle and is suitable for multiple operating models. By…

After a busy start to the year, strong issuance momentum for catastrophe bonds and related insurance-linked securities (ILS) continued in the second quarter of 2026, with issuance volume exceeding $11.3 billion across a record 48 transactions in the quarter, Artemis reported. The Artemis Cat Bond and Related Insurance-Linked Securities (ILS) Market Report, Second Quarter 2026,…

EPIC Insurance Brokers and Consultants, Inc. (EPIC), a US-based insurance brokerage and advisory company, announced the appointment of Monica Donatelli as head of national surety practice development. In her new role, Donatelli will leverage her more than 16 years of experience in construction and commercial bonding to develop practice strategy, client service delivery and expand…

State Farm will maintain its lead as the largest U.S. property and casualty (P&C) insurer based on net premiums written (NPW) through 2025, with the company reporting $113.79 billion in NPW. Our list of the top 100 U.S. property and casualty insurance companies is based on research data from ratings agency AM Best. State Farm’s…