Converge appoints Howie Altman as Chief Technology Officer

Converge, a company specializing in cyber risk management and underwriting, announced the appointment of Howie Altman as chief technology officer. Altman joins Converge to enhance its artificial intelligence and data capabilities, accelerate the company’s technology roadmap, and expand its proprietary platform to support profitability. In his new role, he will further expand Converge’s artificial intelligence…

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SageSure and GeoVera Nova close $200mn cat bond, Meritage Re’s first issuance

SageSure, a general underwriter (MGU) specializing in U.S. catastrophe property insurance, and GeoVera Nova, a provider of earthquake, wind, residential and commercial property insurance, announced the completion of the issuance of the first tranche of Meritage Re Ltd. Series 2026-1 catastrophe bonds in the amount of $200 million. This is the first offering from Meritage…

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Lemonade partners with Tesla to launch autonomous car insurance

Lemonade, an AI-powered digital insurance company, has launched Lemonade Self-Driving Car Insurance, a product designed specifically for autonomous vehicles, starting with Tesla FSD. The new product, described as the first of its kind, reduces the per-mile rate for FSD driving by approximately 50%, a reduction that represents a significant reduction in risk during autonomous driving….

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LMG announces changes to its board

London Market Group (LMG) has announced several changes to its board of directors, including the appointment of Marsh UK chief executive Chris Lay as new chairman, succeeding Sean McGovern. Convex UK chief executive Theo Butt will also join the board, succeeding SCOR chief executive Claire Macdonald. This follows Butt’s recent appointment as President of the…

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AI integration expands insurance toolbox for tropical cyclone forecasting: Gallagher Re

The 2025 hurricane season marks the beginning of a “new era” in meteorology, with official agencies now using artificial intelligence (AI) models to determine the formation, path and intensity of storms, providing the insurance industry with more comprehensive and accurate near-term weather forecasts, according to Gallagher Re. The reinsurer’s 2025 Natural Hazards and Climate Report…

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