Latest Smartphones, Gadgets and Startups News
Kestrel Group reported a significant increase in total revenue to $10.2 million in the first quarter of 2026 as the specialty insurance platform expanded its front-end business and investment revenue. However, its net loss widened to $7.4 million from $394,000 a year ago. In the first quarter of this year, the company’s gross written premiums…
Aon, a global professional services firm focused on risk, retirement and health solutions, reported Global insurance market insights for the first quarter of 2026 The insurance industry is experiencing generally soft pricing conditions, supported by strong capabilities and intense competition, as well as continued discipline in specific high-risk and regulatory areas. Aon noted that as…
International credit ratings, research and risk analysis company Moody’s Ratings has reiterated its stable outlook for the European property and casualty (P&C) and life insurance industries, while highlighting growing pressures from competitive pressures, slowing economic growth and geopolitical uncertainty. Property and casualty insurers’ profitability has returned to pre-COVID-19 pandemic levels, mainly due to higher premiums…
Global reinsurance company Hannover Re’s net profit in the first quarter of 2026 was 710.6 million euros, an increase of 47.9% from the previous year. During the period, its reinsurance service performance jumped 72.9% to 890.2 million euros. The large European reinsurer reported strong results for the first quarter of this year, with total reinsurance…
Bermuda-based Calidris Investment Partners, an insurance-focused investment management firm backed by RedBird Capital Partners, announced the expansion of its senior team with the hiring of three new strategic personnel. James Larner serves as Director of Investor Engagement, Chelsea Smith serves as Finance and Operations Manager, and Abigail Exon serves as Quantitative Strategy Manager. In his…
HCI Group, Inc., a Tampa-based insurance holding company, reported gross premium income of $326 million in 1Q26 compared to $300 million in 1Q25 due to an increase in the number of policies in force. Reinsurance ceded premiums for the quarter were $104 million, compared to $100 million in 1Q25, also due to an increase in…
Bermuda-based insurer and reinsurer Hamilton Insurance Group Ltd. has announced that Peter Wilson has been elected to the company’s Board of Directors at the Annual General Meeting. Wilson has more than three decades of leadership experience in the global professional, commercial and professional liability markets. Most recently, he served as CEO of AXIS’ global specialty…
Lincoln Financial reported a net loss to common shareholders of $211 million in the first quarter of 2026, compared with a net loss of $756 million in the same period a year earlier. Adjusted operating income available to common shareholders in the first quarter of ’26 was $326 million, up from $280 million in the…
Sompo Re, the reinsurance arm of global property, casualty and specialty reinsurance provider Sompo Re, has appointed Beatrice Morley as head of London reinsurance. In her new role, Morley will lead Sompo’s underwriting team in London and work closely with regional leadership to coordinate strategy and local execution. She has nearly 28 years of industry…
Mac Armstrong, CEO of US specialty insurer Palomar Holdings, which specializes in property and casualty insurance, said the company’s 2026 reinsurance renewals provide stronger economic conditions for the property and casualty business, while the company also added catastrophe protection through its latest Torrey Pines Re bond issuance. During this quarter, Palomar reports continued growth in…