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News
Lloyd's reports £3.5 bn profit as premiums rise in 1H 2026
16+ hour, 14+ min ago (589+ words) Lloyd’s reported gross written premium of £34.7 bn for the first half of 2026, up from £32.5 bn a year earlier. The market also improved its combined ratio to 90.8% from 92.5% and said performance remains consistent with its full-year guidance. Underwriting profit increased to…...
Global air cargo demand rises 6% as freight rates stay elevated
9+ hour, 35+ min ago (667+ words) Global air cargo demand increased 6% year-on-year in August 2026, extending the strong summer performance recorded in July. Xeneta said freight rates are easing, but remain well above year-earlier levels as demand continues to outpace available capacity. Global air cargo spot rates…...
MS Reinsurance appoints Julien Mollinier as Global Speciality CUO
9+ hour, 48+ min ago (348+ words) MS Reinsurance, a global reinsurer domiciled in Switzerland with underwriting offices in Zurich, Bermuda, Miami, and New York, has appointed Julien Mollinier as Chief Underwriting Officer, Global Speciality Lines. He will succeed Jörg Bruniecki, who became Chief Underwriting Officer of…...
ILS market expansion: third-party reinsurance capital reaches $141 bn in 2026
8+ hour, 57+ min ago (537+ words) Third-party reinsurance capital represented approximately $141 bn of limit as of March 31, 2026, according to Aon. The total covers catastrophe bonds, sidecars, industry loss warranties and collateralized reinsurance. Growth during the first quarter was driven primarily by 144A catastrophe bond issuance. Sidecar capacity…...
Property catastrophe reinsurance prices fall at mid-year renewals
9+ hour, 5+ min ago (658+ words) Property catastrophe reinsurance renewals at June 1 and July 1 delivered double-digit pricing reductions and broader terms across most placements, according to Aon. Capacity remained plentiful and was sufficient to absorb higher demand, particularly from US insurers. Global reinsurance demand at the…...
Former Alabama sheriff's deputy indicted in $24 mn life insurance fraud case
10+ hour, 59+ min ago (349+ words) Federal prosecutors have indicted a former Lawrence County sheriff’s deputy and his wife in an alleged life insurance fraud scheme involving stolen personal information. Brandon Hood and Heather Lynn Hood, also known as Heather Bolan, face charges of conspiracy to…...
Northern Re surpasses $1 bn in in-force reinsurance premium
9+ hour, 24+ min ago (362+ words) Northern Re has surpassed $1 bn in in-force premium as it approaches the end of its fourth underwriting year. The privately held reinsurer launched on January 1, 2023, with a focus on high-frequency, low-severity property and casualty portfolios. The company initially concentrated on…...
SpaceTech ICEYE partners with Water Institute on predictive flood intelligence
10+ hour, 26+ min ago (563+ words) ICEYE, the world leader in sovereign intelligence from space, has partnered with The Water Institute to bring the FloodID predictive flood intelligence platform and its development team into ICEYE. The agreement expands ICEYE’s flood analytics for governments, re/insurers and…...
Chariot Re raises $700 mn in third capital round, taking total capital above $2 bn
10+ hour, 37+ min ago (283+ words) Chariot Reinsurance has closed an oversubscribed third capital raise of approximately $700 mn in equity and debt financing. The Bermuda-based Class E life and annuity reinsurer said the additional funding will increase its capacity for new reinsurance transactions. MetLife and General…...
Natural catastrophe protection gap leaves most losses uninsured
13+ hour, 43+ min ago (303+ words) Only about 38% of global economic losses from natural catastrophes are insured, according to Verisk, leaving most disaster costs outside the insurance market. The firm’s modeled global economic average annual loss exceeds $450 bn. The protection gap varies sharply by region. Europe…...