Somerset Reinsurance Brokers News & Blog

Insurance Europe—the federation representing the European insurance and reinsurance industry—has welcomed the European Commission’s launch of its consultation on the Level 2 technical details of the Solvency II review. This consultation provides a vital opportunity to address overly cautious assumptions and unnecessary volatility in the current framework, which limit insurers’ ability to invest more in […] The post Solvency II: Insurance Europe calls for smarter capital rules to boost EU investment and growth appeared first on ReinsuranceNe.ws.

Applied Underwriters, a provider of insurance solutions, has announced the launch of Innovation Risk, a new managing general agent (MGA) platform focused on casualty, accident, and life underwriting operations. This new independently operated MGA platform proprietary will leverage technologies and advance risk measurement methods. It is also expected to attract top underwriting and tech talent […] The post Applied Underwriters launches Innovation Risk MGA platform appeared first on ReinsuranceNe.ws.

The Government of the Republic of Malawi has received a total insurance payout of USD $3,376,783 from the African Risk Capacity (ARC) Group, a specialised agency of the African Union that helps member states manage the risks associated with extreme weather events and natural disasters. This payout follows a severe drought that affected the country’s […] The post Malawi receives over $3.3m insurance payout from ARC, addressing drought impacts appeared first on ReinsuranceNe.ws.

Coalition, an active insurer focused on preventing digital risks, has appointed James Holder as a Senior Business Development Manager based in the border of South Wales/England, and Sam Mullett as a Production Underwriter based in Birmingham. Coalition’s UK team continues to grow as it nears the end of its third year of operations in the […] The post Coalition adds Holder and Mullett to support regional brokers in the UK appeared first on ReinsuranceNe.ws.

Global insurance and reinsurance broker Aon has announced the appointment of Eric Seyfried as Managing Director (MD) within its Cyber Solutions group. Based in New York City, Seyfried will report to Brent Rieth, Global Cyber Leader at Aon. He will also serve as a strategic advisor on the Cyber Solutions leadership committee, helping to shape […] The post Aon names Eric Seyfried as MD within Cyber Solutions group appeared first on ReinsuranceNe.ws.

Net income at The Hartford increased 35% to $990 million in the second quarter 2025 as personal lines returned to profitability compared to the same period a year ago. Q2 property/casualty written premiums increased 8% compared to Q2 2024. Premiums …

Volante Global, a multi-class, multi-territory international Lloyd’s syndicate and managing general agent (MGA) owned by leading global fintech Acrisure, announced the appointment of Demian Smith to the role of chief executive officer, Volante Global. Smith has enjoyed a longstanding and …

Bridgehaven Europe Holdings Ltd., the UK hybrid fronting insurer in commercial and specialty lines, has entered into an agreement to acquire the Dublin-based insurer, SureStone Insurance DAC. The deal, for an undisclosed fee, is subject to regulatory approval and customary …

Social media companies cannot be sued for their alleged roles in a racially-motivated mass shooting at a grocery store in Buffalo in 2022, according to a New York court that said to allow the lawsuit would “result in the end …

For decades, the cotton industry has long been considered king in the Texas agriculture world. However, a shift has left it standing on shaky ground. In the last few years — as cotton producers struggled with low market prices, high …

Under a broiling Alabama sky a frustrated Robby Robertson, a construction site superintendent, surveys an 84,000 square foot, mostly built recreation center close to the Gulf coast port city of Mobile. The site is eerily quiet. Last month, the $20 …

QBE, the business insurer, has announced a strategic partnership with Matrix iQ, a leading provider of connected vehicle and behavioral data solutions. Through this partnership, QBE customers will be able to access Matrix iQ’s technology-agnostic platform, which provides fleet operators …

In the age of a tech-fueled automotive transformation in which vehicle usage is at an all-time high, the public perception of uncertainty around driverless cars remains. As of 2025, only 13% of U.S. Consumers would trust riding in an autonomous …

Tea, an app that lets women anonymously comment and review dates with men, said it has suffered a data breach, with hackers gaining access to 72,000 user images. A Tea spokesperson confirmed the hack to Reuters on Saturday, saying they …