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Kuwait Reinsurance Company KSCP (Kuwait Reinsurance Company) announced that it has started operations in India’s first International Financial Services Center (IFSC), Gujarat International Financial Technology City (GIFT City). Founded in 1972, Kuwait Reinsurance Company is a reinsurance provider with offices in Kuwait and Malaysia. The company provides life and non-life treaty and temporary reinsurance solutions….
The Travelers Companies, Inc., a major U.S. insurance company, has notified the California Department of Insurance (CDI) of its intention to expand homeowners insurance coverage across the state through voluntary participation in the California Sustainable Insurance Strategy (SIS). The initiative, championed by the state’s Insurance Commissioner Ricardo Lara, allows participating carriers to incorporate forward-looking wildfire…
With total written premiums of approximately $4 billion in 2025, Miller, an independent specialty insurance and reinsurance brokerage, celebrated a milestone year with the addition of 180 new employees. Gross written premiums were $4 billion, unchanged from the previous year, but total revenue rose 15% to £314 million in 2025, compared with £271 million in…
North American insurance brokerage IMA Financial Group has completed a $4 billion property insurance placement on behalf of a publicly traded artificial intelligence and high-performance computing (HPC) data center company. The transaction was conducted by a leading global real estate operator and represents one of the largest single real estate placements in the digital infrastructure…
Tributary Public Risk (TPR), a new insurance provider specifically targeting public sector organizations, has officially begun operations, becoming the first insurance company registered in Canada and designed specifically for this market. The company was created to meet the unique risk, governance and procurement requirements of municipalities, schools, Crown agencies and other public bodies. Working through…
Home insurance group Hippo has appointed Stewart Ellis, the company’s executive vice president and chief strategy officer, to its board of directors, effective June 3, 2026. As a result of transitioning to a position on the Board of Directors, Ellis will resign from his current position and become an advisor to the Company, effective May…
A majority of insurance chief risk officers (CROs) expect cybersecurity to be a top concern over the next 12 months, with a significant proportion also ranking third-party and vendor cyber risk among their top five concerns, according to survey results from professional services firm EY. The company reports that many CROs are prioritizing AI-based risk…
Robert Ali, chief operating officer of Active Re, said Barbados is emerging as an excellent opportunity for the development of managing general agents (MGAs), mainly due to its dedicated regulatory framework and efficient business environment. Speaking at the Barbados Risk and Insurance Management Conference (BRIM), Ali noted that the island’s risk-based capital framework, efficient licensing…
Robert Ali, chief operating officer of Active Re, said Barbados is emerging as an excellent opportunity for the development of managing general agents (MGAs), mainly due to its dedicated regulatory framework and efficient business environment. Speaking at the Barbados Risk and Insurance Management Conference (BRIM), Ali noted that the island’s risk-based capital framework, efficient licensing…
Global reinsurance brokerage and risk advisory firm Gallagher Re reports that a series of severe convective storms (SCS) in the central and eastern United States in April 2026 is expected to result in insured losses exceeding $1 billion. The broker attributed the damage primarily to large hail, at least 124 confirmed tornado touchdowns and widespread…