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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…
Hiscox Re, the reinsurance business and third-party capital platform of specialty insurer Hiscox, reported insurance contract premiums (ICWP) of $527.1 million in the first quarter of 2026, an increase of 7.1% from $492.2 million in the first quarter of 2025. According to the company, the improvement was driven by new third-party capital inflows ahead of…
AkinovA, a technology-led insurance and reinsurance platform focused on increasing underwriting capital for large corporate risks, has confirmed the appointment of Matthew Gilpin as Group Chief Operating Officer, effective from 1 May 2026. The appointment comes as AkinovA enters its next execution phase as the company expands its platform and underlying technology to improve underwriting…
Anders Malmström, chief financial officer of Swiss Re, one of Europe’s four largest reinsurance companies, said this morning that the company had set aside approximately $400 million in additional reserves in the first quarter of 2026 to deal with the potential inflationary impact of the ongoing conflict in the Middle East. After releasing strong results…
Global reinsurance brokerage and analytics firm Gallagher Re reports that global insurtech funding continued to remain at relatively high levels in the first quarter of 2026, as outlined in its latest report Global Insurtech Report. The company’s total investments for the quarter were $1.63 billion. Gallagher Re said that although slightly lower than the $1.67…