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Rating agency AM Best has maintained a Stable outlook on the global non-life reinsurance segment, stating that it remains “fundamentally strong” even as it moves past the peak of the hard property market. Several factors underpin the agency’s decision to maintain the Stable outlook on the segment. While pricing in property coverages is clearly softening,…
hyperexponential (hx), a technology company providing an agentic platform for underwriting work, has entered into a partnership with Novacore, an independent specialty insurance managing general agent (MGA). The agreement will see Novacore consolidate its admitted, non-admitted and reinsurance programmes on hyperexponential’s platform, with the aim of giving its teams a centralised view of pricing activity…
Brokerslink, a global broking business, has announced the expansion of its Board of Directors with three new members, following the completion of a private placement that closed on 22 June 2026. The new capital investment broadened the company’s shareholder base. In line with Brokerslink’s shareholder-led governance, the new directors were elected at the recent general…
Credit rating agency AM Best has upgraded its outlook on the credit ratings of several companies within Skyward Specialty Insurance Group to positive from stable, citing the group’s continued underwriting profitability and investment income. Skyward Specialty Insurance Group (Skyward) is a Houston-based specialty insurance group whose ultimate parent is Skyward Specialty Insurance Group, Inc. (Skyward…
Pro Global, a provider of specialist services and advisory solutions to the insurance industry, has announced the appointment of Jessica Robinson as Senior Compliance Consultant, strengthening the compliance advisory and assurance capability within its global Audit & Advisory practice. Robinson brings extensive insurance compliance experience to the role, with more than 15 years’ experience across…
ADVA Group, a London-based company that includes a specialist Extended Warranty MGA within its operations, has announced the launch of ADVA Risk Solutions Pte Ltd, a specialist reinsurance platform in Singapore. The newly established subsidiary will focus exclusively on delivering structured reinsurance treaty solutions to clients globally. ADVA Group has appointed industry veteran Jim Attwood…
Aon, the insurance and reinsurance broking and professional services firm, has confirmed that it is set to acquire USI Insurance Services for a purchase price of $17 billion, as it looks to further advance its middle-market platform in the United States. Aon said the acquisition of USI will build on its integration of NFP, after…
Aon is reportedly on the verge of another significant acquisition, as the Wall Street Journal reported on Sunday that the company is close to finalising a deal to acquire USI Insurance Services (USI) said to be worth around $17 billion. The Wall Street Journal said that people familiar with the deal had suggested an announcement…
China Reinsurance (Group) Corporation (China Re) has released its unaudited results for the first half of 2026, reporting net income of RMB 2,313 million from its property and casualty subsidiary, reflecting a slight 1.1% decrease from RMB 2,338 million in the same period last year. China Property and Casualty Reinsurance Company Ltd. (China Re P&C)…
SCOR Business Solutions, the large corporate risk insurance arm of global reinsurer SCOR, has announced a number of appointments across its Energy team. Pierre-Louis Migairou has been appointed Global Line Head, Energy. He has been at SCOR since 2012 and has built extensive international experience across the Energy sector, most recently leading the firm’s Energy…