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Kovrilo, a MISSION-backed managing general agent providing modular commercial comprehensive insurance to UK SMEs, has further developed its proposition with a series of enhancements designed to expand broker choice and improve protection against increasingly prominent business risks. Kovrilo has launched the changes in partnership with specialist engineering and technology insurer HSB, adapting its product development…
Bermuda-based global reinsurer PartnerRe has announced the appointments of Erik Rüttener as interim head of vintage and international, Olivia Bishop as global head of Cat, CUO and North America, and Carlo Casty as head of Cat modeling. Rüttener joined Partner Re nearly two decades ago and brings extensive industry experience to his new role. He…
Sompo, a global provider of commercial and consumer property, casualty and specialty re/insurance, has agreed to acquire Service Insurance Companies, which specializes in workers’ compensation insurance, through one of its U.S. subsidiaries in an undisclosed transaction. The acquisition, which is subject to regulatory approvals and customary closing conditions, will create a compelling opportunity to expand…
Switzerland-based reinsurer MS Reinsurance has hired Swiss Re’s Lisa Butera as chief underwriting officer (CUO) for North America (NA) and expanded the role of Lucas Castagnino to CUO for Latin America and the Caribbean. Butera brings more than three decades of insurance and reinsurance market leadership experience to MS Re. She joins Swiss Re, one…
US-based global credit ratings agency KBRA said more favorable reinsurance conditions are providing insurers with stronger protection ahead of the 2026 Atlantic hurricane season, although it warned that a calmer seasonal outlook did not eliminate the threat of major catastrophe losses. The rating agency believes that while underwriting discipline and program structure remain critical, greater…
Global reinsurer Munich Re (Munich Re) has announced the appointment of Michael Correa as President and Chief Executive Officer of its Canadian (life) business, effective September 1, 2026. The executive will succeed Bernard Naumann, who has been appointed to lead Munich Re’s Life & Health business in Europe and Latin America from January 1, 2027….
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,…