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Greenlight Re disclosed that underwriting performance improved significantly in the first quarter of 2026, with the company still turning a profit and delivering higher net profit despite lower premium volumes. The Cayman Islands-based reinsurer reported net profit of $35.8 million in the first quarter of this year, up from $29.6 million in the first quarter…
Major insurance company Zurich Insurance Group has appointed Patrick McBride to the newly created position of head of international construction, effective immediately. This position is part of Zurich’s global professional construction and assurance team. He will relocate to London and report to Kelly Kinzer, global head of construction and surety. Since 2021, McBride has led…
Global reinsurer SCOR reported first-quarter 2026 net profit of €225 million, with contributions from all business units, prompting CEO Thierry Léger to reiterate confidence in the group’s ability to meet 2026 targets. In the first quarter of 2026, SCOR’s property and casualty insurance revenue reached 1.812 billion euros, an increase of 5.4% at constant exchange…
Specialist re/insurance group Aventum has completed its first MGA acquisition, acquiring maritime specialist Post & Co, in a bid to create the world’s leading independent specialist managed general agency (MGA) platform. The transaction is a decisive step in Aventum’s international growth strategy and will immediately establish a new growth platform in continental Europe and strengthen…
American International Group, Inc., a global insurance and financial services organization that provides property and casualty insurance, life and retirement solutions, and a broad range of commercial and personal insurance products, has appointed Brannigan Ong as head of reinsurance, casualty and health. In this role, Ong will oversee the casualty and health reinsurance portfolio, contributing…
Verisk, a global provider of data analytics and technology for the insurance industry, has integrated its robust insurance analytics and generative artificial intelligence capabilities with artificial intelligence company Anthropic’s Claude Enterprise. The standardized Verisk Model Context Protocol (MCP) connector facilitates this integration, allowing insurance and property restoration professionals to conversationally gain insights in a secure,…
Bowhead Specialty reported total written premiums increased 24% to $216.7 million in the first quarter of 2026, driven by a growing renewal portfolio and continued expansion across all segments. The casualty insurance segment led the way, with premiums increasing by 20.4% to US$147.3 million; medical liability insurance increased by 28% to US$30.4 million; professional liability…
The Asian Development Bank (ADB) has issued its first tranche of disaster relief bonds (DRBs), also known as catastrophe bonds, with two deals covering earthquake and extreme precipitation risks in Tajikistan and the Kyrgyz Republic. The DRB will provide rapid, targeted financial support to both countries following a severe earthquake or flood event, based on…
Lockton, a global independent insurance broker, has announced a strategic partnership with ChAI, an artificial intelligence-led commodity intelligence and raw materials insurance specialist, designed to help organizations better understand and manage risks associated with global commodity markets. The collaboration combines Lockton’s international risk advisory and insurance expertise with ChAI’s forward-looking commodity intelligence, enabling Lockton to…
CyberCube, a provider of cyber risk analytics serving the insurance industry, has launched a new feature in its Broking Manager tool to support growth in the Asia Pacific, Middle East and Latin America cyber markets. Brokers will now be able to use the regional risk transfer benchmarking tool, which has been added to CyberCube’s analytics…