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Neptune Flood, a U.S. flood insurance provider owned by Neptune Insurance Holdings, Inc., has responded to the FEMA Review Committee’s report to the President on the future direction of the National Flood Insurance Program (NFIP) by expressing support for proposals aimed at increasing private sector participation in the flood insurance market. In a statement, Neptune…
The Baldwin Group, a U.S.-based insurance distribution and risk management company, has released its Real Estate Market Pulse Report, Q1 2026outlining pricing changes and underwriting conditions for its property and casualty insurance portfolio. In line with trends identified within the company’s own business, the report highlights continued soft market conditions as insurers compete aggressively for…
Specialist insurance company Brit Group Holdings Limited (Brit) has announced the launch of Acturis, a general insurance software-as-a-service (SaaS) provider. Acturis is a UK-based insurance software company used by more than 30,000 brokers, providing a multi-tenant SaaS platform that provides management, distribution and underwriting capabilities to insurance companies and insurance brokers. By launching on Acturis,…
Credit rating agency Fitch Ratings expects consolidation in the global life insurance industry to continue, although the pace and structure of deals will vary by region. Deal flow is supported by ongoing efforts by insurers to strengthen balance sheets, improve operating efficiencies and allocate capital to acquisitions that enhance long-term value, Fitch Ratings explained. While…
International insurance and reinsurance group Antares Global has announced the launch of Scorpius MGA, a new platform designed to support managing general agency (MGA) businesses through a combination of underwriting capabilities, operational support and governance services. The business will be led by chief executive Ian Morris and launched by Antares Global as part of its…
WTW business Willis has launched a new sensor-based parametric insurance solution designed to protect UK racecourses from the effects of localized flooding. The product was developed in partnership with Previsico, Descartes Assurance (MGA) and Generali as insurance company. In the UK, flood risk is rising, with associated costs expected to increase by up to 50%…
Mapfre Re, the reinsurance arm of Mapfre, has closed a $200 million catastrophe bond through its special purpose vehicle Recoletos Re DAC, providing indemnity-based coverage on a per-occurrence U.S. named storm basis over a three-year risk period ending in June 2029. Mapfre Re explained that with the transaction, it will continue to strengthen its use…
Jonny Strickle, group managing director of Pelagos Insurance Capital Limited, said Fidelis Insurance Group’s rebrand was taken from the word “archipelago”, meaning a group of interconnected islands, and reflected its role as a capital allocator, bringing together a number of long-term, meaningful underwriting partnerships. Speaking to Reinsurance News during a visit to Pelagos’ Bermuda headquarters,…
DAC Beachcroft has announced plans to expand into the Middle East this summer with the opening of a new office in the Dubai International Financial Center (DIFC), the company’s first office in the region. The new branch will be located within DIFC’s landmark new DIFC Square development, enhancing the company’s ability to support clients in…
As approved by shareholders at the Annual General Meeting on April 28, 2026, Fidelis Insurance Holdings Limited has officially changed its name to Pelagos Insurance Capital Limited with immediate effect. The capital allocator and risk selector in specialty insurance and reinsurance first announced the name change in February when it released full-year 2025 results. The…