Somerset Reinsurance Brokers News & Blog

Florida-based flood insurance group, Neptune Insurance Holdings Inc., the parent of Neptune Flood, reported a 34.3%, or $15.2 million year-on-year increase in revenue to a record $59.6 million for the third quarter of 2026, compared to $44.4 million in the comparable prior year quarter. Revenues were driven by continued growth of the renewal portfolio, increased […] The post Neptune revenue hit record $59.6m in Q3’26 appeared first on ReinsuranceNe.ws.

Universal Insurance Holdings recorded a 9.6% hike in total revenues to $439 million for the third quarter of 2026, up from $400 million in Q3’25, as total revenues for the first nine months of the year increased by 5.3% to $1.26 billion from $1.19 billion in 2025. The increase in both periods primarily stems from […] The post Universal’s Q3’26 revenues rise 9.6% to $439m appeared first on ReinsuranceNe.ws.

Global reinsurer Munich Re has reported a preliminary net profit of approximately €1.7 billion for Q3 2026, driven by a “very pleasing” operating performance across all business segments, below-average major-loss expenditure in P&C reinsurance, and a strong investment result in reinsurance. The firm described the results as another quarter of strong financial performance, with its […] The post Munich Re raises 2026 profit guidance to €6.6bn on strong preliminary Q3 results appeared first on ReinsuranceNe.ws.

Pinion Insurance, a London-based specialty insurance carrier established in 2026, has appointed Robert Carlaw as Chief Technical Officer (CTO). The appointment comes as the company continues to build its technology infrastructure, expand its underwriting capabilities and develop its proprietary Sarrus platform. The appointment brings more than 20 years of software engineering and digital transformation experience […] The post Pinion names Robert Carlaw as Chief Technical Officer to advance Sarrus platform development appeared first on ReinsuranceNe.ws.

Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has announced the promotion of Richard J. Fiato to Chief Business Officer. Bill Wilson will be succeeding Fiato as Chief Executive Officer of Conifer Insurance Services, LLC (CIS) and President of Aerospace Insurance Managers (AIM). In this newly expanded role, Fiato will lead legal, compliance and […] The post Bishop Street names Fiato Chief Business Officer, Wilson appointed CEO of CIS and President of AIM appeared first on ReinsuranceNe.ws.

Allianz UK has enhanced its renewable energy proposition and introduced simplified operational wording for customers with multiple technologies at the same site. The proposition covers onshore wind, ground-mounted solar and hydro, biomass, and anaerobic digestion, alongside battery energy storage systems …

Six Flags Over Georgia opened its gates last week for the first time since a man fell to his death from one of the amusement park’s towering roller coasters. A steady trickle of vehicles drove into the park, some of …

President Donald Trump on Thursday signed an executive order aimed at bringing down housing costs in a bid to show that his administration is addressing voters’ affordability concerns in the final sprint to the midterm elections. The order would direct …

Romanian President Nicusor Dan accused Russia of escalating its attacks on NATO’s eastern flank on Friday, after a drone strike sank a cargo ship off the Romanian Black Sea coast, killing at least one sailor with three still missing. Video …

New York’s City Council voted to ban horse-drawn carriages, ending a Central Park tourist staple dating to the 19th century after years of debate over the horses’ place on city streets. The Council voted 40 to 7 to pass the …

A class-action lawsuit has been filed in an Australian court against Meta Platforms’ Facebook and Instagram that alleges the social media platforms exposed children to harmful content and kept them addicted through algorithms. The lawsuit, filed in the Federal Court, …

Having spent more than 20 years in the industry, including a decade focusing on builder’s risk, I have seen the market shift numerous times over the years. In my opinion, here’s what lies behind the three biggest factors currently influencing …

Matt Robb wanted to sell his computer keyboard. So he made a listing on Facebook Marketplace — and, as an experiment late last month, he put Meta’s new artificial intelligence agent Muse in the driver’s seat. Muse got to work. …

The Occupational Safety and Health Administration (OSHA) has cited six New York and New Jersey employers for serious safety violations involving excavation hazards at the construction site of a large mixed-use commercial building. OSHA has proposed a combined $648,094 in …

The Federal Emergency Management Agency has denied a request for federal aid to individuals needing help after the July 2026 floods in Texas, which swamped homes in Uvalde and damaged properties across Kerr County — in some cases for a …

Florida’s insurance commissioner has ordered a home warranty company and an auto warranty firm to cease operations after finding they were not fully licensed in the state. “These suspensions are the result of two market conduct examinations that found iDeal …

Camp Mystic, the Texas girls camp where 28 people were killed in flash floods last summer, must have a new management team to replace the family blamed for the deaths and settle lawsuits filed against the company, a judge ruled. …

Meta Platforms Inc. was ordered to pay a groundbreaking $25 billion civil penalty to the state of New Mexico in a consumer deception case spurred by the Cambridge Analytica scandal. The fine issued by state court Judge Francis Mathew is …