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Insurance services provider Amynta Group has strategically merged its underwriting arm Scion Underwriting Services into Ambridge Group to expand its wholesale professional casualty business. The combined new business unit will operate as Ambridge Group’s specialty casualty underwriting division, providing underwriting solutions and expanding services to Amynta’s brokerage partners. Ambridge Specialty Casualty is designed to provide…

A new report from Standard & Poor’s suggests that growing demand for data center insurance could generate $10 billion in new premiums by 2026, underscoring the market’s growing importance and the scale of the opportunity for the global reinsurance industry. The ratings agency also said annual investment in data centers could exceed $300 billion by…

Liberty Mutual Insurance Chairman, President and CEO Tim Sweeney announced that ServiceNow’s Jacqui Canney has been elected to the company’s Board of Directors. Canney joined ServiceNow in August 2021 and has served as chief talent and artificial intelligence enablement officer since January 2025. In this role, she leads the company’s global talent strategy and workforce…

Insurance Capital Markets Research (ICMR), a specialist provider of Lloyd’s market data and analytical insights, has released its 2026 edition Syndicate Statisticsa comprehensive review of recent performance and structural trends. The ICMR estimated in a report that if Lloyd’s was publicly traded, its nominal market value would be more than $100 billion (£77 billion), making…

Global insurance and reinsurance group Aon has appointed Adam Reed as chief commercial officer for UK commercial risk for major, complex and corporate clients, effective September 2026. Reed will be based in London and report to Rob Kemp, CEO of Aon Commercial Ventures UK. The appointment is in line with the broker’s aim to strengthen…

Bamboo Insurance, a technology-enabled managed general underwriter (MGU), has launched a new condo owner (HO-6) insurance policy as part of its broader product expansion strategy. The company emphasizes operational efficiency and responsiveness, combining data-led underwriting with streamlined processes for underwriting, claims and distribution. This approach is designed to enhance service to policyholders and partners while…

Meryl Golden, president and CEO of property and casualty (P&C) insurance holding company Kingstone Companies, Inc., announced in a letter to shareholders that it will enter the California market in the second quarter of 2026. The expansion marks the first phase of the company’s broader geographic diversification strategy and follows a record-breaking fiscal 2025 with…

Global insurance broker Howden has announced the launch of a U.S. trucking business, expanding its specialty transportation and logistics vertical. The new approach is designed to provide coordinated support to trucking and other fleet operators within the transportation industry. This comprehensive approach is designed to help clients address casualty risk, fleet safety, manage claims outcomes…

A new report from credit rating agency AM Best highlights significant changes in the U.S. life and annuity industry. The assets backing personal annuity products now account for more than 36% of the industry’s total reserves, up from 32% before the 2008 financial crisis, according to AM Best. AM Best explains that this growth reflects…

Novacore, an independent specialty insurance managing general agent (MGA), has launched NovaRe, a new mortgage reinsurance sidecar powered by New Mountain Capital, LLC, a New York-based alternative investment firm, through the formation of VictoryRe. NovaRe marks the company’s entry into the reinsurance carrier market with its long-term vision to build a diversified, multi-line platform. The…