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Kin Insurance, a direct-to-consumer digital home insurance company focused on insuring areas at risk from severe weather, has completed its largest catastrophe bond transaction to date. The agreement, arranged by Hestia Re Ltd. (Series 2026-1), involves four separate bonds totaling $335 million and is designed to provide homeowners with long-term financial protection in the event…
Global insurance consulting and technology company WTW found that professional insurance rates fell throughout 2025 and continued to fall at renewal on January 1, 2026, falling more than insurers and brokers had previously expected. The findings come from WTW’s Specialty Insurance Market Survey (SIMS), which the company uses to track pricing movements in the global…
Specialty insurer Palomar Holdings, Inc. reported gross written premiums (GWP) increased 42.4% to $629.8 million in the first quarter of 2026, compared with $442.2 million in the first quarter of 2025. Net premium income in Q1’26 increased 59.3% to US$261.4 million, compared with US$164 million in Q1 last year. Meanwhile, net written premiums increased 59.8%…
Global insurance and reinsurance group Enstar has agreed to acquire Accident Fund Holdings, Inc. (AF Group) and is “excited” about future opportunities and sees ample room for growth, driven by industry tailwinds. During a recent trip to Bermuda, Reinsurance News spoke with Enstar Managing Director of Mergers and Acquisitions Dan Sanford to discuss the regulatory…
The property and casualty (P&C) insurance industry has reached a “pivotal moment” for artificial intelligence (AI), marked by a widening competitive divide between a small group of “intelligent pioneers” and the rest of the industry, a recent Capgemini report says. According to the 2026 World Property & Casualty Insurance Report, only 10% of businesses in…
ACORD, the global standards-setting organization for the insurance industry, announced the establishment of the ACORD Inter-Association Advisory Committee (IAAC). The organization describes the council as a coalition of North America’s leading property and casualty associations representing independent agents, brokers and intermediaries throughout the distribution chain. ACORD said the initiative aims to enhance digital communications and…
US parametric insurer and reinsurer NormanMax Insurance Holdings has appointed Nick Burkinshaw as chairman of the NormanMax Syndicate 3939 advisory board, supporting the company’s pure parametric global syndicate in the specialist Lloyd’s market. Burkinshaw is a respected underwriting leader in the market, with more than 30 years of experience in the global insurance market. During…
RIQ, an AI-native reinsurance platform and a subsidiary of International Holding Corporation (IHC), has appointed Antoine Bdadouni as Chief Underwriting Officer (CUO). RIQ was launched in June 2025 by global investment firm IHC in partnership with BlackRock and Lunate and is headquartered in Abu Dhabi Global Market (ADGM). The platform offers reinsurance solutions across a…
Lloyd’s global specialty reinsurer/MS Amlin has formed a consortium to expand property treaty capacity across all property per-risk lines. The Property Per Risk (PPR) Alliance expanded reinsurance/insurer maximum lines from $50 million to $67.5 million, increasing placement capacity by 35% while maintaining a single coordinated underwriting and claims process. Hiscox said this “industry-first property treaty…
Gross written premium (GWP) at the Dubai International Financial Center (DIFC), the global financial center in the Middle East, Africa and South Asia (MEASA), has increased by 20% year-on-year and will reach US$4.2 billion by 2025. Additionally, DIFC brokerage premiums will exceed $3.4 billion in 2025, up 14% from $3.0 billion in 2024. Additionally, underwriting…