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Trump Does Kim Jong Un A Favour

President Donald Trump said on Sunday that he has ordered the Pentagon to scale back the joint military exercises with South Korea that began this week. In a Truth Social post, the president said his decision was based on his “very good relationship with Kim Jong Un,” and described North Korea as “unthreatening and respectful.”…

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Pen Underwriting’s increased capacity to support growth in property owners practice

Pen Underwriting, a multi-class, multi-territory managing general agent (MGA), has secured a multi-million-pound capacity deal to underpin the strong growth and performance of its UK property owners practice. According to the announcement, the multi-year deal will enable Pen to write £120 million in gross written premium over the next three years, effectively doubling the capacity…

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Kin Q2’26 revenue increases to $68m

Kin, the direct-to-consumer provider of insurance and home finance solutions for homeowners, has announced its financial results for the second quarter of 2026, reporting total revenue of $68 million and gross written premiums of $218.9 million. Comparably, for Q2 2025 the firm reported total revenues of $ 58.5 million and GWP of $190.2 million. Gross…

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RiverStone International and QBE agree $1.6bn LPT reinsurance agreements

Legacy reinsurance and run-off specialist RiverStone International has entered into loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately US$1.6 billion in reserves, further strengthening the long-standing partnership between both companies.  Subject to regulatory approval, the transactions cover North American Middle Market and Workers’ Compensation portfolios, and European liability books. Paul Brockman, Group…

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Relation Insurance appoints Julio Bermudez to lead private equity and transactional risk unit

Relation Insurance Services, an insurance brokerage and risk management firm, has appointed Julio Bermudez as Practice Leader, Private Equity, Transactional Risk and Financial Institutions. Bermudez brings more than 30 years of experience advising private equity firms, financial institutions and portfolio companies on management liability and transactional risk solutions. In his new role at Relation, Bermudez…

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