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In a recent interview with Reinsurance News, Gavin Lillywhite, senior vice president of business development at Xceedance, discussed how data analytics and generative artificial intelligence (GenAI) can enhance the managed general agent (MGA) business model. “There is much hype and hype around the potential of agent AI to transform the insurance and reinsurance industry. As…

Fuse, an AI intelligence platform focused on commercial insurance, has launched Mark, a new solution designed to evaluate insurance submissions based on real-time market data. This follows the company’s recent launch of Watch, a commercial insurance real-time risk dashboard that maps active risk events across the U.S. in real time for brokers and underwriters, and…

Bermuda-based insurer and reinsurer Lancashire Holdings Limited has announced financial results for the first quarter of 2026, with gross written premiums (GPW) falling 6.1% year-on-year to $668.4 million. The reinsurer pointed out that excluding the impact of recovery premiums related to the California wildfires, the underlying decline in gross written premiums was only 1.2%. The…

Apollo, part of Skyward Group, an innovation-focused insurance platform, has announced the launch of its international casualty reinsurance category, expanding its existing portfolio and expanding its presence in global markets. The firm views the addition as a strategic move to support clients with complex risk requirements while introducing a lower-volatility component to its overall portfolio….

Talanx Group, Hannover Re’s parent company and major shareholder, reported preliminary consolidated net profit of 774 million euros in the first quarter of 2026, significantly exceeding analysts’ expectations and heralding a strong start to the year. The German insurer said its preliminary results beat market consensus of about 673 million euros, compared with 604 million…

Major U.S. insurer Allstate expanded its national per-occurrence catastrophe reinsurance maximum limits by $2 billion at renewals in April, providing coverage for events of up to $11.5 billion in losses, and made some changes to its overall coverage. For Allstate’s primary 2026-2027 Nationwide Per Occurrence towers, retention is the same as the previous year at…

AXIS Capital has achieved strong results at the beginning of 2026, with gross premiums in the first quarter reaching US$3.1 billion, a year-on-year increase of US$303 million, or 11%, and the combined ratio also improved to 89.8%. At the same time, net income available to AXIS Capital common shareholders in the first quarter of 2026…

HM Treasury – the UK government department responsible for economic and financial policy – has outlined plans to advance legislation that will allow protected cell companies (PCCs) to be used within the UK captive insurance framework. The proposals form part of a wider consultation considering how the PCC structure could be extended to its current…

Everest Group, Ltd., a global reinsurance company headquartered in Bermuda, achieved a net profit of US$653 million in the first quarter of 2026, a year-on-year increase of more than 210%. Due to lower pre-tax net catastrophe losses, the group’s combined ratio increased by 11.6 percentage points to 91.2%. Group-wide, Everest performed strongly in the first…

Novacore, an independent provider of next-generation specialty insurance solutions, has launched Zion Underwriting, a transaction risk insurance program designed to support complex M&A and structured corporate transactions. Novacore said Zion Underwriting will offer a range of products, including representations and warranties insurance (RWI), tax liability insurance and contingent risk insurance. These solutions are designed to…