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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,…
Chetna Gulati-Kapoor has been appointed Global Chief Claims Officer of Marsh Risk, an insurance broker and business of Marsh. Gulati-Kapoor has 20 years of experience in claims advocacy and client service. She began her career in private practice in India and the UK, before moving into claims roles across a number of insurers in the…
The UK P&I Club, a provider of Protection & Indemnity insurance to the global shipping industry, has announced the appointment of Jeong-Sook Kim as Senior Underwriting Director, with initial responsibility for the Korean market. Based in the Clubs London office, Ms. Kim will work closely with William Beveridge, Chief Underwriting Officer, and the wider Asia-Pacific…
IAG has disclosed its full-year 2026 financial results, posting a 7.6% year-over-year increase in gross written premium (GWP) to AU$18.412bn and net profit after tax (NPAT) of AU$1.022bn. The FY2026 NPAT figure was down from AU$1.359bn in FY2025, as increased natural peril activity weighed on insurance earnings. The Australian firm’s pre-tax insurance profit was AU$1.552bn…
Pelagos Insurance Capital Limited, formerly known as Fidelis Insurance Holdings Limited, recorded group-wide gross written premiums (GWP) growth of 6.4% and 6.6% to USD 1.3 billion and USD 3.1 billion for the second quarter and first half of 2026, respectively. For Q2’26, the combined ratio improved by 4 points to 99.5% from 103.7% in Q2’25….