Latest Smartphones, Gadgets and Startups News
Global specialty insurance company Octave Specialty Group (formerly known as Ambac Financial Group) announced its first quarter 2026 financial results, reporting to shareholders a net profit of $13 million and a 92% increase in total revenue. ask1 Net income to shareholders in 2026 increased significantly from the $3 million net loss reported in the first…
At an investor day in Sydney, IAG unveiled an updated strategy and new long-term financial targets under its Ambition 2030 plan, which aims to expand the group’s customer base to more than 11 million and increase gross written premiums (GWP) to more than A$25 billion. Having successfully achieved the targets set for 2021, IAG said…
Independent specialist MGA HIVE Underwriters is to establish an aviation reinsurance arm, with underwriting scheduled to commence in October 2026. The addition of Aviation Re further strengthens HIVE’s position as a multi-class specialist MGA and Lloyd’s underwriter, expanding the capabilities of its existing aviation, aerospace, marine and political violence and terrorism teams. Senior underwriters Scott…
US-based alternative asset manager Blue Owl Capital Inc. has confirmed the appointment of Deva Mishra to lead its insurance solutions platform as it expands its capabilities for insurance clients. Blue Owl, which invests across credit, real assets and general partner strategic capital strategies, said the appointment was part of its ongoing efforts to expand its…
Members of the National Association of Insurance Commissioners (NAIC) met with U.S. Treasury Secretary Scott Bessent to discuss the growing intersection of private credit and the insurance industry. The conference provides a forum for state insurance regulators to share insights into their oversight of insurance company risk management and investment practices. The discussion focused on…
AM Best’s latest report shows that U.S. property and casualty (P&C) insurance companies’ return on equity reached a decade-high 14.97% in 2025, while the cost of equity remained relatively stable at 8.18%. AM Best explains that while property and casualty insurers faced challenges at the start of the year, with California wildfires causing widespread damage…
Assurex Global, a privately held commercial insurance, risk management and employee benefits brokerage group, announced the appointment of Troy Johnson as senior vice president of global growth strategy. The position will focus on strengthening multinational revenue streams and assisting partner companies in expanding their international presence, the company said. Johnson joined the organization in 2023…
As the reinsurance industry approaches the mid-2026 renewal season, Adrian Daws, chief executive of Hamilton Re, the underwriting platform of Bermuda-based global specialty insurer and reinsurer Hamilton, remains optimistic about its growth opportunities, even as the market undergoes a transformation. Speaking to Reinsurance News during our visit to Bermuda, Dawes highlighted that Hamilton Re’s diversified…
After Munich Re, one of the world’s largest reinsurers, disclosed 90 million euros in IBNR reserves related to the ongoing conflict in Iran, Chief Financial Officer Andrew Buchanan expressed caution about the figure while highlighting Munich Re’s three lines of defence. Munich Re said in its performance report released early this morning that the amount…
OnRe, a licensed mortgage reinsurer and on-chain asset manager, has appointed Ben Fortune as its new chief underwriting officer (CUO). Pending immigration approval, he is expected to join the company in Bermuda. Most recently, Fortune served as Chief Operating Officer of Fidelis Partnership (TFP) in Bermuda, where she oversaw underwriting performance across multiple business areas….