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The Bermuda Monetary Authority (BMA), the regulator responsible for Bermuda’s financial services industry, including insurance regulation, has launched new market entry and innovation pathways designed to support companies with established solutions to enter the Bermuda market more effectively. The initiative was formally launched at the BMA Forum held at the Hamilton Princess Beach Club in…
DUAL chief executive Richard Clapham has warned that the global cyber insurance market is approaching a “major inflection point” as continued weakness, increased risk and an intensifying threat landscape combine to test the long-term sustainability of the market. Cyber ​​insurance has reached a critical juncture, DUAL said in a recent report. As a relatively young…
The board of directors of property and casualty (P&C) insurance holding company Kingstone Companies, Inc. has extended the term of Meryl Golden as president and chief executive officer until January 10, 2029. The Compensation Committee recommended an extension as Golden’s current agreement expires on January 10, 2027. Previously, the insurance company announced in a letter…
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…