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Pace, the artificial intelligence operations partner of the world’s largest insurance company, has raised $46 million in Series B funding, co-led by Thrive Capital and Sequoia Capital, with participation from Emergence Capital and Pruven Capital. According to the announcement, Pace will use the funds this year to help clients expand their agent workforce to handle…
OAK Global, a global risk partner underwriting through two dedicated syndicates owned by Lloyd’s, has announced the launch of ROOT Intelligence, a new technology company designed to drive innovation. ROOT Intelligence combines professional engineering, compliance, data science and artificial intelligence expertise to build and extend proprietary tools that enhance technology-enabled risk insights. The company will…
Independent insurance broker Lockton has announced the appointment of Andrew Wansey as head of growth and client strategy. Wansey has more than 30 years of experience in insurance and risk consulting, with deep expertise in property, construction and casualty placements, transactional risks and alternative risk transfer solutions including captive and integrated risk plans. The executive…
German reinsurance company Deutsche Rück Group announced a net profit after tax of 21.1 million euros for the full year of 2025, an increase of approximately 45.5% from 14.5 million euros in 2024. This year, gross premiums increased across all strategic business units, rising by 6.1% from €2.09 billion to €2.21 billion. Net premium income…
Group president and group chief financial officer (CFO) Andrew Creed said global legacy acquirer RiverStone International is keen to be more proactive in deal origination and is committed to continuing to build brand and legacy market recognition while leveraging new technologies to support its growth objectives. At the 2026 IRLA conference in Brighton in early…
Palomar Holdings, Inc., an American specialty insurance company specializing in property and casualty insurance, announced the appointment of Scott Beiser to its Board of Directors. Beiser brings decades of executive leadership and public company experience with expertise in strategic planning, corporate governance, capital allocation and driving long-term shareholder value creation. He currently serves as Co-Chairman…
PERILS, the Zurich-based independent provider of catastrophe insurance market data, has released its third industry loss estimate related to the severe convective storms that hit Queensland and New South Wales from 21 to 27 November 2025. PERILS reports that the latest industry loss estimate is A$2.943 billion, which is essentially the same as the A$2.950…
Indian public sector reinsurer General Insurance Corporation of India (GIC Re) reported a nearly 7% rise in gross premium income at Rs 44,006.74 crore for the financial year ended March 31, 2026 (FY’25) as compared to Rs 41,153.95 crore for the financial year ended March 31, 2025 (FY’24). The reinsurer’s net premiums grew to Rs…
Safepoint Holdings has launched a new initial public offering (IPO) aimed at raising up to $283 million through the issuance of 16,666,667 common shares at an expected price of $15.00 to $17.00 per share. This includes 6,242,317 shares of the company’s common stock, par value $0.01 per share, and an additional 10,424,350 shares of common…
SiriusPoint, a specialist insurer and reinsurer, has appointed Paul Beattie and Ed Winter as co-heads of the newly created Crisis Solutions business category of its London market specialist division. The new team will initially focus on war, political violence and terrorism risks to meet growing protection needs in an increasingly complex geopolitical environment. The issue…