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Navium Marine, a specialist maritime managing general agent operating through the Fidelis Partnership (TFP) Pine Walk platform, has partnered with Overhaul, a global provider of cargo risk management solutions, to develop insurance products focused on real-time monitoring of cargo on artificial intelligence infrastructure. The arrangement is supported by the Lloyd’s of London market and brings…
Sompo, a global provider of commercial and consumer property, casualty and specialty re/insurance, has appointed Bart Van Gysegem as regional manager for insurance in Belgium and the Netherlands, effective immediately. It is the latest step in Sompo’s long-term growth plans in Belgium and the Netherlands, where the company last year received licenses from regulators to…
Moody’s Ratings upgraded the Insurance Financial Strength Rating (IFSR) of Italian insurance company Generali Group and its core European subsidiaries to A1 from A2. The rating outlook remains stable. The rating, which is four notches above Italy’s sovereign rating (Baa2 Stable), reflects its very strong business and financial profile, which significantly reduces its sensitivity to…
Global reinsurance brokerage and advisory firm Gallagher Re has announced a number of new leadership appointments within its program solutions team. The broker has appointed current global head of projects Andrew Moss as global chairman of project solutions. In his new role, Moss will focus on driving growth and advancing strategic initiatives. Geoffrey Lubert has…
Reinsurance broker Howden Re reported a 25% drop in risk-adjusted property catastrophe rates on a weighted average basis at reinsurance renewals on June 1, accelerating from the -14.7% and -16% declines the company recorded during January and April renewals, respectively. Howden Re’s June 1 risk-adjusted Property Catastrophe Reinsurance Online Rates (ROL) index showed continued weakness…
Acrisure Re, the reinsurance arm of global fintech company Acrisure, has forecast slightly below-average activity in the upcoming 2026 Atlantic hurricane season, but CEO Simon Hedley stressed that the industry cannot afford to be complacent and that preparedness and rigorous risk management remain vital. The 2025 Atlantic hurricane season was considered a slightly above-average Atlantic…
Insurance holding company HCI Group, Inc. has completed its catastrophe reinsurance program for the 2026-2027 treaty year, ensuring total excess of losses (XoL) limits for the period of $4.06 billion, a 16% increase from the previous treaty year. HCI acquired three reinsurance towers in the 2026-2027 treaty year (from June 1, 2026 to May 31,…
26 North Reinsurance Holding Company announced that it has entered into a definitive agreement to purchase the entire issued share capital of Independent Insurance Group, LLC, the parent company of Independent Life Insurance Company. Independent Life is considered a specialist insurance company that specializes in providing structured settlement annuities to individuals and their families with…
American Integrity Insurance Group, a Tampa-based property and casualty insurance holding company, has fully implemented its 2026-2027 indemnity-based catastrophe excess loss reinsurance program for its insurance subsidiary American Integrity Insurance Company (AIIC), effective June 1, 2026. The company said market conditions were favorable at renewal on June 1, supported by a well-capitalized reinsurance market, legislative…
Verisk has launched a major update to its U.S. Tropical Cyclone Model, delivered through its new cloud-native Synergy Studio platform, providing more realistic assessments of individual and portfolio risk for insurance, reinsurance and capital markets. According to Verisk, the updated U.S. tropical cyclone model reflects a near-term climate view based on recent tropical cyclone behavior…