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Global credit rating agency Fitch Ratings expects activity in the pension risk transfer (PRT) market for UK life insurers to resume in 2026. Fitch Ratings linked this expectation to continued demand from defined benefit pension plans seeking to reduce balance sheet risk and the potential resurgence of larger deals. The agency noted that total PRT…

UK-based life insurance brokerage Reassured has partnered with Adviser.AI to support its digital transformation strategy and improve how it interacts with customers. Adviser.AI is a cloud-based customer engagement and automation platform designed for the protection and insurance industry, supporting communication through channels such as email and SMS. The partnership aims to support automation and simplification…

RLI Corp., a U.S.-based specialty insurer focused on the property, casualty and surety markets, reported gross premiums increased 3% to $503 million in the first quarter of 2026, led by its casualty business, compared with $491 million in the first quarter of 2025. Net premiums written (NPW) for the quarter were $417.6 million compared to…

Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has reorganized the leadership team of its European Fine Arts & Coins (FA&S) business line, effective May 1, 2026. Bjoern Reusswig has been appointed European Contingency, Fine Arts & Coin and War & Terrorism Underwriting Manager. He will report to David Saillen, chief underwriting officer for…

Australia’s non-life insurance industry has shown resilience in the face of an increasingly complex and interconnected risk landscape, with total insurance revenue of approximately A$77.7 billion (US$54.1 billion) in the year to June 30, 2025, according to AM Best. Best’s market segmentation report “Australian Non-Life Insurance Segments: Leading Growth in a Volatile Environment” shows that…

JBA Risk Management, a specialist firm specializing in flood hazard modeling and climate risk analysis, has launched a new set of global flood maps that incorporate climate change projections. These tools are designed to help insurers, investors, businesses and other stakeholders assess how actual flood risk changes over time. According to JBA Risk Management, the…

Selective Insurance Group, Inc. reported higher revenue and investment income and continued growth in book value per share in the first quarter of 2026, despite rising catastrophe losses impacting underwriting profitability. In the first quarter of this year, Selective’s total revenue increased 6% year-on-year to $1.36 billion, and net premium income increased 5% to $1.22…

Openly, a technology-enabled homeowners insurance provider, announced the expansion of its long-term reinsurance partnership with Allianz Re, strengthening the structure that supports its homeowners insurance portfolio. The company also closed a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X. Publicly stated that…

Global specialty insurance and reinsurance group Ascot announces the appointment of Kristyn Smallcombe as Chief Underwriting Officer (CUO) of Ascot US In her new role, Smallcombe will be responsible for developing and executing Ascot’s US underwriting strategy, with a focus on profitability, growth and diversification across the insurance platform. She will report to Ascot US…

Spinnaker Insurance Company, a wholly owned subsidiary of Hippo Holdings, provides property and casualty solutions to the plan insurance market. The company reported that it has achieved Class IX AM optimal financial size category (FSC) with policyholder surplus of more than $250 million. Spinnaker Insurance Company said the development enhances its ability to provide greater…