Somerset Reinsurance Brokers News & Blog

Hippo Holdings Inc., the US-based parent company of Hippo Insurance, has announced the promotion of Laura Boettcher, ARe, to Chief Operating Officer. The company stated that her role now extends across the entire group, with responsibility for overseeing operations at a consolidated level while continuing to support an operational approach centred on efficiency and customer […] The post Hippo Holdings names Laura Boettcher as Chief Operating Officer for group-wide operations appeared first on ReinsuranceNe.ws.

Sixfold, a provider of artificial intelligence solutions for the insurance industry, has announced the launch of its AI Underwriter, a new technology platform designed to assist insurers with underwriting analysis, risk assessment and decision support throughout the submission process. The launch follows Sixfold’s $30 million Series B funding round announced earlier this year, which the […] The post Sixfold introduces AI underwriter to support insurance underwriting decisions appeared first on ReinsuranceNe.ws.

Novus Underwriting, the specialist global wholesale warranty and affinity MGA, has further strengthened its underwriting capability with the appointment of Mark Noble. Noble brings five years of industry experience, with expertise across a range of consumer protection insurance products, particularly Accident, Sickness & Unemployment insurance. He has a strong understanding of the development of consumer-focused […] The post Novus strengthens underwriting capability with Mark Noble appointment appeared first on ReinsuranceNe.ws.

The DEVK Group’s reinsurance business continued to grow in 2025, with premiums written from non-group business (DEVK RE and Echo Re) increasing 3.2% year over year to EUR 1.41 billion. The number of clients in its reinsurance business rose to 1,057 from 998 the previous year, spanning 132 countries. DEVK reported that the reinsurance combined […] The post DEVK reinsurance premiums written rise 3.2% to €1.41bn in 2025 appeared first on ReinsuranceNe.ws.

QBE Re, the reinsurance division of global insurance group QBE, has announced the appointment of Will Moss as its Head of Marine, Energy & Aviation, London. He is succeeding Shane Lawlor, who was appointed Executive Director, Global Specialty for QBE Re in 2025. In his new position, Moss will be responsible for QBE Re’s Marine, […] The post Will Moss joins QBE Re as Head of Marine, Energy & Aviation, London appeared first on ReinsuranceNe.ws.

A former engineer at Elon Musk’s xAI who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to humanity. Devin …

Louisiana and Texas, including Houston, will get hit with flooding rains for the next few days as a potential tropical storm tries to spin up across the western Gulf. There is a moderate level 3 risk of heavy rainfall across …

The U.S. Supreme Court turned away on Monday a gun industry challenge to a New York law that permits lawsuits against gun makers, wholesalers and dealers for endangering people’s safety through sales of firearms and ammunition. The justices declined to …

Willis, a WTW business, unveiled a new version of its Climate Diagnostic model to help risk managers better understand and respond to climate‑driven volatility affecting property insurance markets. Embedded within WTW’s Risk IQ platform, Climate Diagnostic is a climate risk …

Blake Lively can recover some legal costs from fellow actor and director Justin Baldoni but not punitive damages and other relief she sought after settling her legal claims over their 2024 film “It Ends With Us,” a judge ruled Friday. …

The US and Iran reached an interim peace agreement to reopen the Strait of Hormuz and move further toward ending a 15-week war that’s wrought chaos across the Middle East and reverberated through the global economy. The development caused equities …

An Indian pollution regulator has alleged wastewater discharged from a Tata components factory for Apple’s iPhone has contaminated the groundwater for nearby farms and warned of a forced shutdown unless Tata gives a satisfactory explanation. India’s Tata Electronics is central …

As Wall Street races to incorporate war into its risk scenarios, the same people modeling natural catastrophes are now adapting their methodology to help investors, banks and insurers predict military conflicts. Since 2008, the number of countries engaged in external …

An injured employee in Georgia does not need to show that his reason for refusing light-duty work is injury-related, the Georgia Court of Appeals found in a decision that could continue to prove tricky for employers and insurers, especially during …

A first-of-its-kind law in New York could force 3D printers sold for homes and business to come equipped with technology blocking them from making guns. The new requirement, also under consideration in California, attempts to thwart the latest technique for …

US forces are helping move millions of barrels through the Strait of Hormuz under the cover of darkness, sometimes escorting more than 20 ships per night out of the vital waterway, US Interior Secretary Doug Burgum said Friday. Now that …

A Houston businessman has pleaded guilty to conspiring to commit arson of a commercial building, announced Acting U.S. Attorney John G.E. Marck. Lyndell Leroy Price, 42, admitted he directed others to intentionally set fire to Bar 5015, a Houston business …

State environmental regulators are preparing to take another critical step toward allowing treated oilfield wastewater to be spread on Texas farmland, a proposal that supporters say could help the state’s water supply needs and critics warn could expose communities and …