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Allstate Corporation, a U.S. provider of personal property and casualty insurance, estimates catastrophe losses in April 2026 at $870 million, or $687 million (after tax). These losses included 10 wind and hail events, with approximately 70% of the losses associated with two events. By comparison, Allstate projects March 2026 catastrophe losses of $925 million, or…
Shory Group, a fully digital AI-driven insurtech platform affiliated with Judan Financial Holding, has partnered with OrbitWorks, the UAE’s first commercial satellite constellation production and operations company, to advance satellite insurance and space data. The news was announced at Make it in the Emirates, the UAE’s national platform showcasing industrial and technological capabilities. The collaboration…
Florida-based American Coast Insurance Company (ACIC) updated its core catastrophe reinsurance program (Core CAT) for 2026/27 to purchase a total of approximately $1.918 billion in event-based limits, an increase of $241.5 million, or 14.4%, from the previous year. For the new Core CAT program, ACIC, driven through its insurance subsidiary AmCoastal, leverages changing market dynamics…
To meet growing demand, global professional services firm Aon has strengthened its credit reinsurance offering by advancing a centre-led strategy to connect clients to capital through globally coordinated teams with local market reach. As part of the development, Rupert Evans, Aon’s international head of credit and financial risk reinsurance, will relocate from London to New…
Willis Re, the reinsurance brokerage and advisory arm of Willis Towers Watson, said the recent wave of mergers and acquisitions in the global reinsurance industry is expected to have a broadly positive impact on ceding companies, as larger, better capitalized reinsurers will emerge without a significant reduction in market competition or available capacity. Willis Re…
HIVE Underwriting, the holding company of HIVE Underwriters (HIVE), General Agents (MGA) and Lloyd’s Underwriters, has appointed James Lee as non-executive director, effective 19 May 2026. The move is aimed at further strengthening its board, governance and leadership capabilities as the company seeks long-term growth and expands its presence as a multi-category specialist MGA. Lee…
Berkshire Hathaway’s partnerships and solutions business marks the next phase of growth for Tokio Marine Holdings, in line with the company’s “strongest full-year financial results” when excluding cross-shareholding gains. The strategic alliance, announced in March 2025, connects Tokio Marine with one of the world’s most respected re/insurance and investment organizations, driven by a long-term view…
Oliver Wyman, a Marsh unit, has announced three senior leadership appointments aimed at accelerating the integration and transformation of artificial intelligence support. Former chief operating officer Jeremy Badman, who has more than 13 years of experience, has been named chief artificial intelligence and data officer. This newly created position will reimagine how work is delivered,…
Gallagher Securities, the capital markets and advisory arm of Arthur J. Gallagher & Co., reports rising institutional investor interest in insurance-related assets, with investors increasingly favoring structures that offer scalability, transparency and direct participation in underwriting performance. In its latest report, Unlocking Insurance Capital: An Investor’s Perspective, Gallagher Securities said 60% of investors surveyed expected…
Helios Underwriting, a listed company that provides instant access to Lloyd’s of London’s syndicated portfolio, has announced results for the year to 31 December 2025, disclosing a net asset value (NAV) total return of 12.3% as it streamlines its business to support the 2026 underwriting financial year. Helios’ pre-tax profits for 2025 were £20.5m, down…