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Texel Group, an independent specialist credit and political risk broker, has signed a memorandum of understanding (MoU) with the Islamic Corporation for Private Sector Development (ICD), the private sector arm of the Islamic Development Bank Group, to establish a framework to leverage non-payment insurance as a strategic tool to support the ICD’s mission of promoting…

Adaptive Insurance, a climate resilience-focused company that uses artificial intelligence and data to provide climate-based parametric insurance, has successfully secured $5 million in additional financing from new and existing investors. According to the announcement, the capital injection will be used to accelerate the development and distribution of Adaptive’s products designed to address the growing risks…

Duck Creek Technologies, a provider of property and casualty (P&C) and general insurance software solutions, has acquired Send Technology Solutions Ltd, an AI-native underwriting orchestration engine. The acquisition creates the industry’s first agency solution that combines core insurance operations and intelligent underwriting workflows across the policy lifecycle and is suitable for multiple operating models. By…

After a busy start to the year, strong issuance momentum for catastrophe bonds and related insurance-linked securities (ILS) continued in the second quarter of 2026, with issuance volume exceeding $11.3 billion across a record 48 transactions in the quarter, Artemis reported. The Artemis Cat Bond and Related Insurance-Linked Securities (ILS) Market Report, Second Quarter 2026,…

EPIC Insurance Brokers and Consultants, Inc. (EPIC), a US-based insurance brokerage and advisory company, announced the appointment of Monica Donatelli as head of national surety practice development. In her new role, Donatelli will leverage her more than 16 years of experience in construction and commercial bonding to develop practice strategy, client service delivery and expand…

State Farm will maintain its lead as the largest U.S. property and casualty (P&C) insurer based on net premiums written (NPW) through 2025, with the company reporting $113.79 billion in NPW. Our list of the top 100 U.S. property and casualty insurance companies is based on research data from ratings agency AM Best. State Farm’s…

Markel Insurance, the insurance arm of Markel Group Inc., announced the appointment of Grant Smith as director of ocean freight for Markel International. In his new role, Smith will lead the development of the marine business, integrating Markel International’s Hull & Hull Wars, MECO, Marine & Energy Liability and Transportation & Logistics categories into one…

Resolution Life, a global life insurance group focused on reinsurance and the acquisition and management of life insurance policy portfolios, has announced that its Bermuda-based reinsurance platform Resolution Re has entered into a new UK Pension Risk Transfer (PRT) deal with a leading UK insurer. According to Resolution Life, the agreement is the company’s fourth…

MSIG USA, the insurance arm of global insurance company MS&AD Insurance Group Holdings, announced its participation in an innovative investment structure with KfW Group subsidiary DEG. DEG launched the initiative during the Hamburg Sustainability Conference, leveraging $500 million in funding to mobilize private capital to support sustainability projects in emerging and developing markets. Under the…

Gallagher, an international insurance brokerage, risk management and advisory firm, has launched a new multi-person self-insured policy targeting high-net-worth individuals in the United States. The company said the launch broadens its U.S. private client proposition, offering eligible clients an alternative insurance structure with greater flexibility, greater control and expanded product choices. Gallagher said the new…