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Global reinsurance brokerage Gallagher Re reported that property catastrophe reinsurance rates for the best-performing accounts in North America fell by 20% to 25% or more at renewal on July 1, with similar trends seen in other regions as sellers showed greater flexibility on price and structure. Gallagher Re’s First View Renewal Report for July 2026…
Acrisure, a global fintech company providing insurance, reinsurance, real estate and financial services, has launched Asero Insurance Services, a new specialty managed general agency (MGA) that combines multiple program managers across the United States under one brand. Asero was formed to bring together specialist underwriting businesses while retaining their respective expertise, the company said. Acrisure…
Markel, the insurance business of Markel Group Inc., a global specialty insurer providing insurance, reinsurance and investment services, has announced the appointment of Amy Martin as senior claims adjuster – Warranty and Indemnity (W&I) within Markel International, the division responsible for its international operations. Based in London, Martin will be responsible for complex, high-value claims…
Scattered thunderstorm activity affected parts of Western and Central Europe in June amid an intensifying heat wave, causing economic and insured losses that could reach hundreds of millions of euros, according to Aon’s latest weekly Cat Report. In addition, the report said that extreme heat has killed dozens of people, and as excess mortality data…
Zambia-based reinsurer Klapton Reinsurance (Klapton Re) has announced the appointment of Aloisia Panashe Kufakunesu as Head of Risk Insights and Actuarial Affairs. In her new role, Aloisia will lead Klapton Re’s risk insights and actuarial functions, providing strategic actuarial expertise to enhance risk management, support product development and deliver data-driven insights to drive value for…
Insurance and reinsurance broker Aon believes that despite a rapid increase in investment in cybersecurity in recent years, cyber insurance still accounts for only a small portion of overall cyber spending. The company believes that as cyber incidents cause greater operational and financial losses, many organizations continue to retain significant cyber-related financial risks on their…
Global insurance intermediary platform ANV Group has entered into a definitive agreement to acquire Assured Underwriting Group Limited (AUG), a specialist MGA that provides insurance-backed financial protection products to tour operators and the travel industry in the UK and Europe, from private equity firm Mobeus. Founded in 1983 and headquartered in London, AUG is led…
Direct-to-consumer home and auto insurer Kin today confirmed that its three mutual exchanges have completed reinsurance programs at renewal on June 1, providing more than $1.9 billion in coverage for natural catastrophe events, with the combined cost per dollar of risk coverage reduced by 25% compared to the cost paid at renewal in 2025. The…
HDI Global (HDI), the corporate and specialty insurance company of Talanx Group, has appointed Justin Gress as chief operating officer (COO) of its US operations. In her new role, Gress will be tasked with managing a broad range of operational responsibilities, including product development, transformation, talent management and the enhancement of data and technology capabilities….
Lemonade, a digital insurer powered by artificial intelligence and social impact, has chosen to reduce its quota share transfer from 20% to about 18% at renewal on July 1, meaning the insurer will retain a larger share of its expanding gross profits. In addition to the reduced quota share for the 2026-2027 reinsurance program, Lemonade…