Somerset Reinsurance Brokers News & Blog

Lockton, an independent insurance broker, has announced the launch of its global Data Centres & Digital Infrastructure Practice, a consultative practice helping organisations navigate the risks associated with the infrastructure that stores, processes, and moves information. The practice further builds on Lockton’s experience in supporting complex digital infrastructure risks globally, including hyperscale campuses, multi-building developments, […] The post Lockton launches global Data Centres & Digital Infrastructure Practice appeared first on ReinsuranceNe.ws.

Global reinsurer Swiss Re and SAS, a global leader in data and AI, have entered into a partnership designed to help insurers strengthen resilience through AI-driven risk intelligence and advanced actuarial decisioning. The partnership between the two firms reportedly reflects a “broader industry shift” toward insurance operations that combine AI and advanced analytics, catastrophe intelligence […] The post Swiss Re and SAS partner to strengthen insurers resilience through AI-driven risk intelligence appeared first on ReinsuranceNe.ws.

The Hanover Insurance Group, the US-based property and casualty insurer headquartered in Worcester, Massachusetts, reported net income of $191.6 million in the second quarter of 2026, up from $157 million a year earlier, as the combined ratio improved to 91.2% from 92.5% in the same period of 2025. Operating income rose to $189.2 million from […] The post The Hanover posts record net income of $192m as CEO confirms retirement appeared first on ReinsuranceNe.ws.

Lemonade, the AI-driven insurer, has reported second quarter 2026 revenue of $294.4 million, an increase of $130.3 million, or 79%, compared with Q2 2025. The company said the revenue growth was primarily driven by higher gross earned premium and an improved premium retention rate following the reduction in quota share cession rates that took effect […] The post Lemonade’s revenue jumps 79% to $294m in Q2’26 appeared first on ReinsuranceNe.ws.

European insurers are expected to deliver solid profitability through the remainder of 2026 despite subdued growth, according to S&P Global Ratings, the credit ratings, market intelligence and financial research firm. The agency said investment income is gradually improving, although returns remain constrained as insurers continue replacing lower-yielding bonds purchased before 2022. “We believe the European […] The post European insurers set for resilient earnings despite slower growth, says S&P appeared first on ReinsuranceNe.ws.

Verisk, the data analytics and technology firm, announced it has acquired UK-based McKenzie Intelligence Services (MIS), a geospatial intelligence and event response company that specializes in global real-time catastrophe and conflict event analysis. Financial details of the transaction, which was …

The Ventura County District Attorney’s Office was awarded $898,840 from to investigate prosecute workers’ compensation fraud for the fiscal year. The grant, awarded through the California Department of Insurance, funds the DA’S Workers’ Compensation Fraud Unit. The unit includes prosecutors, …

Artificial intelligence has “radically shifted” the cyber risk landscape, and the average cost of a data breach has reached a record of nearly $5 million. According to IBM’s Cost of a Data Breach Report, cyberattackers are using AI and attacking …

Yemen’s Houthi group is considering imposing fees on commercial ships sailing through the southern Red Sea, a week after declaring a naval blockade on Saudi Arabia, regional sources with knowledge of the matter told Reuters. The Iran-aligned Houthis on July …

The European Union is planning to sanction more than 1,600 companies it says are helping Russia’s war against Ukraine, the most firms it has blacklisted in one package. The targeted companies have a combined annual turnover of more than $20 …

Afroman sued one of the Ohio sheriff’s deputies who brought a defamation case against him that revolved around lewd social media posts and videos, some of which used footage of a raid on the rapper’s property to mock them. The …

The U.S. Department of Labor has recovered $613,037 in back wages for 46 workers after a federal investigation found a Minnesota restaurant failed to pay minimum and overtime wages as required by law. Investigators with the department’s Wage and Hour …

U.S. produce supplier Taylor Farms complained to White House and Food and Drug Administration officials about the government’s inspection process earlier this month, a source familiar with the meeting said on Monday, as Michigan reported a spike in cases of …

The Great American Insurance Group is off the hook for a chunk of a grocery chain’s $1.4 billion settlement in opioid litigation, a North Carolina court found in a case that hinged on the wording of the settlement and the …

A tornado that caused severe damage in northeastern Wisconsin on July 27 has been preliminarily ruled as an EF3, the National Weather Service said. The tornado stayed on the ground for more than 20 minutes, damaging homes and businesses in …