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Arch Insurance International (Arch), the international insurance business of Arch Capital Group, has appointed James Mecham as Deputy Chief Underwriting Officer (CUO) for Long Tail Lines, effective immediately. Mecham will work alongside Mike Lay, CUO of Long Tail Lines, in supporting the underwriting strategy for the business. His responsibilities will include the long tail portfolios…
Higher earthquake insurance penetration in Colombia is expected to mean the magnitude 7.4 quake that struck the country will generate an insured loss for the wider Latin American insurance market, according to global reinsurance broker Guy Carpenter, a Marsh business. The earthquake struck western Colombia on 10 August, with its epicentre near San José del…
New property-level data reveals how fire spreads between homes, offering insurers and homeowners a critical opportunity to identify extra steps that can be taken to reduce risk and enhance resilience, according to a recent Cotality report. Cotality’s 2026 Wildfire Risk Report found that over 2.5 million properties across the 10 most exposed states in the…
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has announced its latest financial results, reporting increased profit after tax and gross premium income of ₹1,922.04 and ₹13,475.36 crore, respectively, for the first quarter ending June 30, 2026. Q1 2027 profit after tax was up from the ₹1,752.23 crore reported for the…
Swiss Re, the global reinsurance provider, has entered into a strategic partnership with SAS, a provider of data and artificial intelligence technologies, to help insurers improve how they assess, price, and manage risk. The partnership will bring together Swiss Re’s catastrophe risk expertise and CatNet natural catastrophe intelligence with SAS’ AI, analytics and actuarial modelling…
Liberty Mutual Reinsurance Group (LM Re), part of Liberty Mutual Insurance Group, and Safehub have issued a payout for the magnitude 5.8 earthquake in Peru that triggered Safehub’s Shake Network. According to the pair, the earthquake that struck Ica on 19 May 2026 produced significant ground acceleration at multiple client locations. The policy, which is…
A severe convective storm outbreak that swept across the US Midwest between August 9 and 11 could generate insured losses running into the billions of dollars, according to a recent report from Guy Carpenter. The reinsurance broker, which is part of Marsh, said the event could rank among the 10 largest US severe convective storm…
Data-driven risk exchange platform Accelerant has entered into a definitive agreement with Thoma Bravo to become a privately held company in an all-cash transaction with an enterprise value of more than $4 billion. In connection with the deal, Accelerant’s Board of Directors established a Special Committee composed solely of independent and disinterested directors to review…
Global property and casualty (P&C) reinsurers are entering the second half of 2026 from a position of financial strength, although Morningstar DBRS expects the sector to face a more competitive underwriting environment as the year progresses. The global credit ratings agency said strong earnings, resilient investment returns, disciplined risk selection and solid capital positions should…
Athora, an European savings and retirement services group, has entered into a definitive agreement to sell Athora Germany, to Frankfurter Leben, subject to customary regulatory approvals and closing conditions. Comprising Athora’s German life and pensions operations alongside related holding and regulated entities, Athora Germany manages a closed book of traditional life, unit-linked and pension policies,…