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Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, will acquire the global trade credit and guarantee business of Australian insurer QBE, subject to regulatory approval, which is expected to take several months. The business unit acquired by Swiss Re operates in Australia, New Zealand and the United Kingdom, and the…

Ratings of insurers and reinsurers in Europe, the Middle East and Africa (EMEA) will improve in 2025, according to a new report from AM Best, a credit rating agency specializing in the insurance industry. The findings are published in the report “Europe, Middle East and Africa Rating Benchmarks – Improving credit quality, but common themes…

Xitus, a traditional specialist in providing discontinued insurance solutions through acquisitions and loss portfolio transfers, has selected INTX Insurance Software as its core insurance operating system to support its global portfolio and captive operations. INTX Insurance Software is a complete insurance operating system for specialty casualty insurance companies, MGAs, reinsurers and captive insurance companies. INTX…

Willis Re, the WTW-owned re/insurance advisory and brokerage firm, has announced the appointment of Rikki Hornett to its team, who brings more than 40 years of industry experience, including more than 25 years in the Bermuda market. During his time on the island, Honnett played a key role in launching a number of new re/insurance…

The Travelers Companies, Inc. announced the launch of AI Claim Assistant, a new solution developed using OpenAI model capabilities and APIs. Known as an industry-leading solution, this fully-agent intelligent voice service uses advanced language and speech recognition technology to handle customer claims calls. This feature will initially be used to call customers making auto damage…

Zurich Insurance Group (Zurich) announced its 2025 full-year results for the Asia-Pacific region, with total premiums reaching US$7.5 billion and overall business operating profit (BOP) reaching a record US$633 million, a year-on-year increase of 8%. The global multi-line insurer said the results reflected strong performance in its life business and continued momentum in property and…

New specialty insurance company Pinion Insurance has announced the appointment of Kyle Selvig as U.S. Chief Underwriting Officer (CUO), effective immediately. In this commercial role, Selvig will be responsible for building Pinion’s U.S. general agent (MGA) network, leveraging the company’s proprietary technology to provide distribution partners with deep insights into underwriting risk and performance. Pinion…

Lemonade, an artificial intelligence-driven digital insurance company, announced its financial results for the fourth quarter of 2025, with a net loss of US$21.7 million, a 28% improvement from the US$30 million loss in the same period last year. Lemonade highlighted a period of significant growth and shrinking losses, with reported mandatory premiums (IFP) up 31%…

SageSure, a managed general underwriter (MGU) specializing in U.S. catastrophe properties, and SureChoice Underwriters Reciprocal Exchange (SURE), a member-owned mutual exchange, have successfully completed Gateway Re Ltd. Series 2026-1 Cat Bonds. The deal closed for $670 million in original principal, making it the franchise’s largest offering to date. This landmark transaction makes SageSure the third…

Allstate Corporation, a U.S. insurance and financial services provider, announced preliminary catastrophe losses of approximately $175 million in January 2026, equivalent to $138 million after tax, mainly due to Winter Storm Fern. By comparison, catastrophe losses were much higher in January 2025, when the company reported losses of $1.08 billion, or $849 million after taxes,…