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North American insurance brokerage IMA Financial Group has completed a $4 billion property insurance placement on behalf of a publicly traded artificial intelligence and high-performance computing (HPC) data center company. The transaction was conducted by a leading global real estate operator and represents one of the largest single real estate placements in the digital infrastructure…
Tributary Public Risk (TPR), a new insurance provider specifically targeting public sector organizations, has officially begun operations, becoming the first insurance company registered in Canada and designed specifically for this market. The company was created to meet the unique risk, governance and procurement requirements of municipalities, schools, Crown agencies and other public bodies. Working through…
Home insurance group Hippo has appointed Stewart Ellis, the company’s executive vice president and chief strategy officer, to its board of directors, effective June 3, 2026. As a result of transitioning to a position on the Board of Directors, Ellis will resign from his current position and become an advisor to the Company, effective May…
A majority of insurance chief risk officers (CROs) expect cybersecurity to be a top concern over the next 12 months, with a significant proportion also ranking third-party and vendor cyber risk among their top five concerns, according to survey results from professional services firm EY. The company reports that many CROs are prioritizing AI-based risk…
Robert Ali, chief operating officer of Active Re, said Barbados is emerging as an excellent opportunity for the development of managing general agents (MGAs), mainly due to its dedicated regulatory framework and efficient business environment. Speaking at the Barbados Risk and Insurance Management Conference (BRIM), Ali noted that the island’s risk-based capital framework, efficient licensing…
Robert Ali, chief operating officer of Active Re, said Barbados is emerging as an excellent opportunity for the development of managing general agents (MGAs), mainly due to its dedicated regulatory framework and efficient business environment. Speaking at the Barbados Risk and Insurance Management Conference (BRIM), Ali noted that the island’s risk-based capital framework, efficient licensing…
Global reinsurance brokerage and risk advisory firm Gallagher Re reports that a series of severe convective storms (SCS) in the central and eastern United States in April 2026 is expected to result in insured losses exceeding $1 billion. The broker attributed the damage primarily to large hail, at least 124 confirmed tornado touchdowns and widespread…
Hartford reported a 36% increase in net income for the first quarter of 2026, driven by lower catastrophe losses, higher investment income and continued premium growth in its property and casualty business. Net profit attributable to common shareholders in the first quarter of 2026 reached US$851 million, up from US$625 million in the same period…
Agam Capital, a global provider of insurance-related asset and liability analysis, has formed a long-term strategic partnership with 1823 Partners (US) LLC, an asset management firm focused on insurance-led investment strategies to support global insurance companies. Agam Capital and 1823 Partners said the collaboration aims to provide permanent capital to insurers through reinsurance structures, particularly…
The Lloyd’s Market Association (LMA), the body representing the interests of managing agents and Lloyd’s brokers, has partnered with professional services consultancy Barnett Waddingham, part of Howden, to launch an AI adoption toolkit to support managing agents (MGAs) in developing and strengthening an artificial intelligence (AI) governance framework across the Lloyd’s market. As AI use…