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Commercial property and casualty insurer and reinsurer WR Berkley Corporation has named Christopher T. Reichardt president of Berkley Oil & Gas. In his new role, Reichardt succeeds Linda A. Eppolito, who will serve as chair of the business unit. Both appointments are effective immediately. As a business unit, Berkeley Oil & Gas provides specialty underwriting,…

Credit ratings agency S&P Global Ratings reported that EU insurance and reinsurance companies have been steadily increasing their allocations to private credit. The research results were published in its Insurance introduction The company’s announcement on April 23, 2026 stated that the announcement did not constitute a rating action. S&P Global Ratings said EU reinsurers and…

During global insurer Chubb’s first-quarter earnings call, CEO Evan Greenberg described the rapid softening in the property and casualty insurance market as “silly,” citing a misalignment between supply and demand factors related to capital in the re/insurance industry and high intermediation costs. Chubb reported that the company reduced its exposure to primary accounts and its…

EIRS, a company working on digital insurance infrastructure and reinsurance solutions across emerging markets, says the rapid expansion of digital insurance in Africa and the Middle East is exposing a structural imbalance in how risk is supported and transferred. The company notes that while demand and distribution are expanding quickly, the supporting reinsurance frameworks have…

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…

U.S. insurance company Kemper Corporation has sold its retail property and casualty insurance agency portfolio, Newins Insurance Agency Holdings, LLC, to personal lines insurance distribution company Confie. Newins Insurance Agency Holdings’ distribution footprint includes exclusive agency and store locations. The business was acquired by Kemper in 2021 as part of the American Access Insurance Company…

Syndicate Research Limited (SRL) reports that the weighted average result for Lloyd’s of London syndicate transactions as a percentage of net premiums paid (NPE) (excluding syndicate fund (FIS) investment returns) in 2025 was above average at 18.8%. The 2025 figure is an improvement from 2024’s 18% and also compares favorably with the five- and nine-year…

Bermuda-based reinsurer PartnerRe has announced the retirement of James Beedle, CEO of its Asia Pacific (APAC) division. He is an industry veteran who has been in this position for nearly a decade. The reinsurer has since appointed Sasa Hu as its new Asia Pacific Property & Casualty (P&C) CEO. Ms. Hu has more than 20…

Florida-based flood insurance group Neptune Insurance Holdings Inc., the parent company of Neptune Flood, disclosed strong revenue growth in the first quarter of 2026, with revenue up nearly 29% year over year and strong adjusted EBITDA growth. In the first quarter of this year, Neptune’s total revenue reached $37.8 million, a 28.8% increase from $29.4…

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…