Jackson and TPG form long-term strategic partnership, capitalising Hickory Re

U.S. retirement services company Jackson Financial Inc. has entered into a long-term strategic partnership with global alternative asset manager TPG Inc., with TPG’s investment used to provide initial capital for Jackson’s new Michigan-based captive reinsurance company, Hickory Brooke Reinsurance Company (Hickory Re). The partnership combines Jackson’s annuity product expertise and extensive distribution network with TPG’s…

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Carbon names Rebecca Ince as Chief Operating Officer

Carbon Underwriting Limited, a professional independently managed general underwriter, Lloyd’s Syndicate CBN 4747, has appointed Rebecca Ince as its new Chief Operating Officer (COO), effective January 5, 2026. In her new role, Ince will oversee all day-to-day operations at Carbon, including technology, data, operations, compliance and risk teams. She will also play a key role…

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InnSure launches climate innovations incubator platform, Creation Labs

InnSure, a not-for-profit climate change-related insurance risk financing company, has launched Creation Labs, its flagship climate innovation incubation platform created in partnership with GreenieRE. InnSure explained that Creation Labs is a launch and development platform that will facilitate the development of new climate risk management products and accelerate their time to market. “By matching insurance…

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Ark cuts Outrigger Re size as traditional quota share use rises for 2026

Ark Insurance Holdings Limited, the specialist property and casualty re/insurance subsidiary of White Mountains Insurance Group, has renewed Outrigger Re Ltd for a smaller unit to commence operations in 2026, reflecting increased use of traditional quota share reinsurance. Reinsurance Sidecar has a quota share contract with Ark to provide collateralized reinsurance protection for a portion…

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Swiss Re’s Paloma Quiroga Arias joins RenRe as SVP, Client Data & Analytics

Global property and casualty reinsurer RenaissanceRe (RenRe) has appointed Paloma Quiroga Arias as senior vice president (SVP) for client data and analytics. Arias has extensive experience in reinsurance, corporate strategy, research, data analytics and consulting. Prior to joining RenRe, she served as Head of Risk Consulting and Analysis at Swiss Re for nearly three years….

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Competition to challenge property reinsurers’ hard market insulation: USI

According to USI Insurance Services’ 2026 Commercial Property and Casualty Market Outlook report, the competitive environment will undoubtedly weaken some insulation reinsurers with strong reputations in difficult markets. USI said that as the market changes, the current rates, attachment points and terms that reinsurers strive to maintain are facing significant challenges from a market with…

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Octave Ventures’ Statera receives approval to act as a Lloyd’s Managing Agent

Statera Management Agency Limited, a subsidiary of Octave Ventures, has received regulatory approval to act as Lloyd’s managing agent. Statera will now manage Syndicates 4242 and 1416, which currently underwrite specialty risks generated through a strategic relationship with Octave Ventures, a subsidiary of Octave Specialty Group, Inc. The syndicate benefits from a Lloyd’s A+ financial…

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