INSURASALES

Tag: Reinsurance

Swiss Re Posts Robust Q3 Profitability Driven by Strong Underwriting

Swiss Re reports USD 4.0 billion net income for first nine months of 2025, driven by disciplined underwriting and strong investment returns, with low natural catastrophe losses boosting profitability.

Millers Mutual Selects Duck Creek OnDemand to Modernize Multifamily Housing Insurance

Millers Mutual adopts Duck Creek OnDemand SaaS solutions to modernize core P&C insurance systems and enhance multifamily housing sector growth.

Florida Lawmakers Propose Multi-State Risk Pool to Address Home Insurance Crisis

Florida lawmakers introduce bills for a multi-state risk pool to stabilize home insurance rates and improve catastrophe risk management amid rising natural disaster losses.

U.S. Insurance Industry Reports Record $3.3 Trillion Performance Amid Market Challenges

The Federal Insurance Office reports record $3.3 trillion U.S. insurance premiums in 2024, highlighting strong life and health and property/casualty sectors amid investment gains and market challenges.

Malibu Life Acquires TruSpire for U.S. Direct Annuity Market Entry

Malibu Life Holdings acquires TruSpire Retirement Insurance for $45M, marking entry into U.S. direct annuity market with plans to launch fixed-indexed annuity products in 2026.

Nevada Launches Battle Born State Plans to Lower ACA Marketplace Premiums

Nevada introduces Battle Born State Plans, a public option aiming to reduce ACA marketplace premiums by 15% with support from a new reinsurance program to stabilize insurer markets and expand coverage options.

Oneglobal Acquires Bermuda-Based Life and Annuity Services to Expand Offerings

Oneglobal Broking acquires Bermuda-based Life and Annuity Services to enhance its life insurance and annuity planning capabilities, expanding offerings for corporate and individual clients.

SiriusPoint Sells Bermuda-Based MGA Arcadian to Lee Equity Partners for $139M

SiriusPoint sells its stake in Bermuda-based MGA Arcadian to Lee Equity Partners for $139 million, signaling strategic asset optimization in reinsurance and property/casualty sectors.

Global Indemnity's Penn-America Launches New Reinsurance MGA

Global Indemnity Group expands reinsurance capabilities with new MGA led by seasoned executive George Dragonetti, enhancing underwriting and growth.

CyberCube Secures $180M Investment to Advance Cyber Risk Analytics

CyberCube raises $180M from Spectrum Equity to enhance AI-driven cyber risk analytics and support growth in cyber insurance portfolios globally.