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HM Treasury – the UK government department responsible for economic and financial policy – has outlined plans to advance legislation that will allow protected cell companies (PCCs) to be used within the UK captive insurance framework. The proposals form part of a wider consultation considering how the PCC structure could be extended to its current…

Everest Group, Ltd., a global reinsurance company headquartered in Bermuda, achieved a net profit of US$653 million in the first quarter of 2026, a year-on-year increase of more than 210%. Due to lower pre-tax net catastrophe losses, the group’s combined ratio increased by 11.6 percentage points to 91.2%. Group-wide, Everest performed strongly in the first…

Novacore, an independent provider of next-generation specialty insurance solutions, has launched Zion Underwriting, a transaction risk insurance program designed to support complex M&A and structured corporate transactions. Novacore said Zion Underwriting will offer a range of products, including representations and warranties insurance (RWI), tax liability insurance and contingent risk insurance. These solutions are designed to…

Tokio Marine Life Insurance Singapore (TMLS) announced the appointment of Raymond Ong as Chief Executive Officer (CEO). “With his deep industry expertise and regional perspective, Mr Ong is well-positioned to lead TMLS into its next phase of growth,” a TMLS spokesperson said. Adding: “His appointment reinforces our focus on enhancing the customer experience, improving operational…

Bermuda-based reinsurer RenaissanceRe’s (RenRe) group chief underwriting officer (CUO) David Marra said today that new demand trends for reinsurance protection ahead of mid-year renewals are higher than the company’s expectations on January 1 and that RenRe sees “really good opportunities” to deploy capital. During RenRe’s recent Q1 2026 earnings call, CUO Marra confirmed that the…

Europe is warming faster than any other continent, according to the European State of the Climate 2025 (ESOTC) report, whose findings also show a continued rapid warming trend in the coldest regions. The report, published jointly by the European Center for Medium-Range Weather Forecasts (ECMWF) and the World Meteorological Organization (WMO), signals a shift in…

Homeowners insurance and vertical software platform Porch Group revealed that its first-quarter 2026 financial results exceeded expectations, reporting shareholder interest income of $109.4 million, a 29% increase from the same period last year. The growth was primarily driven by the insurance services segment, which saw revenue rise 50% year over year to $74.7 million. The…

At the annual general meeting (AGM) of global reinsurer Munich Re, the aforementioned dividend proposal of €24 per share for 2025 was approved, with CEO and Chairman of the Management Board Christoph Jurecka noting that the company is in an “excellent financial position” after recording a record net profit of €6.1 billion in 2025. At…

Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has appointed Jean Hermelin to the newly created role of chief strategy officer. At Descartes, Hermelin will report to Chief Executive Officer (CEO) and co-founder Tanguy Touffut and join the company’s Executive Committee. He is tasked with leading the development of…

Lemonade, an artificial intelligence-driven digital insurance company, announced its financial results for the first quarter of 2026, with revenue of $258 million, a 71% increase from the same period last year. The revenue increase was attributed to an increase in gross premiums earned and higher premium retention rates due to lower quota share transfer rates…