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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…
Reliance Global Group, Inc., an insurtech provider of artificial intelligence (AI) and cloud-based technology for insurance companies and brokers, has launched RELI Exchange 2.0, a platform designed to expand recruiting capabilities, improve execution, and enable faster, more efficient growth. RELI Exchange 2.0 is the next phase of the company’s insurtech platform, available to independent insurance…
A report from S&P Global Ratings shows that Asia-Pacific insurance companies have limited direct risk exposure to the Middle East and that risks remain controllable under the base scenario, but risks may escalate if the oil market chaos lasts for a longer period of time. In its report, “Asia Pacific Insurers: Market volatility is the…
Global technology services provider DXC Technology has launched its new Assure smart application based on ServiceNow, designed to help insurance companies accelerate their AI-driven transformation. Launched in March 2026 at the DXC Connect insurance executive forum, the Assure smart app combines DXC’s insurance expertise with ServiceNow’s agent AI and workflow technology to deliver a modular,…