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Universal Insurance announced the completion of the 2026-2027 consolidated reinsurance program for its wholly-owned insurance subsidiaries, effective June 1, 2026. Two subsidiaries, Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property & Casualty Insurance Company (APPCIC), set the combined reinsurance tower top for a single statewide (including Florida) campaign at $2.623 billion, an…

European mid-market private equity firm Inflexion, through its buyout fund VI, has invested in Mittelstands-Assekuranz-Partner (MAP), a new German multi-specialty insurance brokerage. To immediately scale up, Düsseldorf-based Cremer Assekuranz has joined MAP as its first strategic partner. Founded by industry veterans Mathias Pahl and Markus Hausberger, MAP is a Munich-based multi-specialty insurance brokerage that aims…

Newport Specialty Partners, a specialty insurance platform that works with managing general agents (MGAs) and program administrators, has appointed Mary Sbaschnig as its new chief operating officer and chief information officer. Sbaschnig will be responsible for leading the company’s operational and technology strategy to continue expanding its platform and supporting partner businesses. Her responsibilities include…

Liberty Mutual Insurance has launched a “first-of-its-kind” conversational AI auto insurance quoting app powered by carriers, enabling ChatGPT users to receive quotes in minutes through chat-based interactions rather than traditional online forms. According to the company, the seventh-largest auto insurance company in the United States can now provide quotes through the app in ChatGPT to…

Nationwide, a Columbus-based U.S. diversified financial services and insurance company, has entered into an agreement with mutual life insurance company MassMutual to reinsure a group of fixed universal life policies with a total face value of nearly $16 billion. The policies cover more than 30,000 policyholders and will add $6 billion to Nationwide Financial’s reserves….

Insurance intermediary and advisory firm Howden Ireland has confirmed the acquisition of Opes Private Clients Limited, a Dublin-based financial services company specializing in financial, retirement and investment planning. Howden Ireland said the transaction will support the continued growth of its financial advisory team in Ireland and further strengthen its financial advisory offering with additional expertise…

Cybersecurity company CrowdStrike has announced an expanded phase of its Project QuiltWorks initiative, with an update that expands the framework beyond cutting-edge artificial intelligence security risk management to also cover related financial risks. A key development in this expansion is the participation of leading cyber insurance providers Coalition, Liberty Mutual Insurance, Lockton, Resilience and Marsh….

Hadron, a hybrid insurance company that provides underwriting capabilities and front-end services to general agents (MGAs) that manage specialty insurance coverage, has appointed Ed McGough as chief information officer (CIO) and Liesel Carvajal as group general counsel. The appointments are in line with the company’s long-term growth plans, bringing legal, regulatory and technology leadership to…

AM Best has reviewed Labuan Reinsurance (L) Berhad (Labuan Re) (Malaysia)’s A- (Excellent) financial strength rating and ‘a-‘ (Excellent) long-term issuer credit rating with profound implications. Prior to this action, MNRB Holdings Berhad (MNRB) announced on 19 May 2026 that it had entered into a conditional share purchase agreement to acquire 80% of Labuan Reinsurance…