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The Lloyd’s Market Association (LMA), the body representing the interests of managing agents and Lloyd’s brokers, has partnered with professional services consultancy Barnett Waddingham, part of Howden, to launch an AI adoption toolkit to support managing agents (MGAs) in developing and strengthening an artificial intelligence (AI) governance framework across the Lloyd’s market. As AI use…

Moody’s upgraded Peak Re Insurance Financial Strength Rating (IFSR) to A3 from Baa1, an improvement the Hong Kong-based reinsurer attributed to strong fundamentals underpinned by continued solid operating performance, disciplined underwriting and prudent risk management. The rating agency also upgraded the secured subordinated debt rating on permanently subordinated guaranteed capital securities issued by Peak Re’s…

Universal Insurance Holdings reported net income to common shareholders in the first quarter of 2026 of $54.3 million, a year-over-year increase of 31%, driven by a lower net loss rate and higher net investment income. Universal’s underwriting performance also improved significantly in the first quarter of this year, with the net loss rate falling to…

UK-based pensions and financial services consultancy Hymans Robertson has launched a new service designed to help defined benefit (DB) pension scheme trustees and sponsors better understand and manage their scheme data and member benefits. According to Hymans Robertson, the service, called Precision, has been developed to enable trustees and sponsors to assess whether their data…

A joint report from the City of London Corporation and the UK Carbon Markets Forum, which together represent key parts of the UK’s financial and carbon markets ecosystem, sets out the current scale of the country’s carbon credits industry and highlights what they say are significant growth opportunities that could be lost without coordinated policy…

Australian insurer Suncorp has secured an additional five years of total reinsurance cover, which will provide A$800 million in annual cover and up to A$2.4 billion in total cover for the period commencing June 30, 2026. The top-up point for total cover is linked to the growth of Suncorp’s exposure over time and is set…

Clearwater Analytics, a provider of investment accounting, reporting and analytics solutions, reports that Asia-Pacific insurers are rapidly increasing their commitments to private markets. Executives surveyed expect about a third of their total $3.8 trillion in assets to be allocated to private debt, private equity, infrastructure and other alternatives within five years, up from about 20%…

Schroders Capital, the private markets arm of global asset manager Schroders, and international reinsurer Hannover Re have launched tokenization capabilities within Schroders Capital’s Private Debt and Credit Alternatives (PDCA) insurance-linked securities (ILS) platform. The announcement includes the completion of what is described as the first real-world mortgage reinsurance transaction executed using the framework. The development…

Commercial property and casualty insurer and reinsurer WR Berkley Corporation has named Christopher T. Reichardt president of Berkley Oil & Gas. In his new role, Reichardt succeeds Linda A. Eppolito, who will serve as chair of the business unit. Both appointments are effective immediately. As a business unit, Berkeley Oil & Gas provides specialty underwriting,…

Credit ratings agency S&P Global Ratings reported that EU insurance and reinsurance companies have been steadily increasing their allocations to private credit. The research results were published in its Insurance introduction The company’s announcement on April 23, 2026 stated that the announcement did not constitute a rating action. S&P Global Ratings said EU reinsurers and…