Somerset Reinsurance Brokers News & Blog

Berkshire Hathaway, the American multinational conglomerate holding company, has reported increased net underwriting earnings from its insurance and reinsurance businesses of $1.717 billion for the first-quarter of 2026, a roughly 29% increase on the prior year. The company has again cited a competitive property reinsurance market and lower rate environment as a cause of a […] The post Berkshire Hathaway re/insurance underwriting earnings rose 29% to $1.717bn in Q1 2026 appeared first on ReinsuranceNe.ws.

Willis, the advisory, broking and solutions firm, has introduced Merger Protect, a specialised insurance offering designed to assist organisations in managing the financial implications of US antitrust regulatory reviews during mergers and acquisitions. The company presents the product as part of its broader transactional risk suite, developed to respond to changing challenges within the M&A […] The post Willis introduces Merger Protect to address US antitrust review costs in M&A appeared first on ReinsuranceNe.ws.

Sidley, an international law firm advising insurers and financial institutions on regulatory and transactional matters, has reported on a proposed regulatory development in Japan concerning the supervision of reinsurance arrangements. Sidley notes that Japanese insurers have materially increased their use of reinsurance in recent years, particularly ahead of the introduction of Japan’s economic value-based solvency […] The post Japanese regulator proposes stronger oversight of reinsurance, Sidley reports appeared first on ReinsuranceNe.ws.

With Swiss Re Institute analysis highlighting that ~99.9% of insured natural catastrophe losses in North America in 2025 were driven by secondary perils such as wildfires and severe convective storms (SCS), Monica Ningen, CEO of Property & Casualty Reinsurance US at Swiss Re, has said the year is “another clear signal” that the risk landscape […] The post US cat risk reshaped as wildfire and storms define 2025 loss profile: Swiss Re appeared first on ReinsuranceNe.ws.

Aon Reinsurance Solutions contributed $1.28 billion to Aon’s Q1 2026 revenue, helping drive total revenue to $5 billion. This represents an increase of $305 million from Q1 2025, supported by 5% organic growth and a 4% favourable foreign currency impact. Risk Capital revenue rose by $311 million, or 10%, in Q1 2026 to $3.5 billion. […] The post Reinsurance expansion supports Aon’s $5bn Q1’26 revenue appeared first on ReinsuranceNe.ws.

Former Florida governor and U.S. Rep. Charlie Crist is seeking yet another office, this time running for mayor of his hometown of St. Petersburg. Crist, 69, has been a Republican, a Democrat and an independent during his political career. He …

The U.S. Food and Drug Administration on April 29 said tested samples of infant formula available in the country contained very low levels of contaminants, confirming that the nation’s supply is safe for consumption. The agency tested more than 300 …

Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days …

New Hampshire Governor Kelly Ayotte recently signed into law an increase in the penalty for drivers who refused a breath alcohol test when stopped on suspicion of driving under the influence (DUI). Senate Bill 620 increases the administrative license suspension …

Marsh Risk, a business of insurance broker and risk advisor Marsh, announced that its Marsh Alpha directors and officers (D&O) insurance facility now offers unlimited claims on a single, unrelated basis as standard. Marsh Alpha, which provides protection for individual …

The Iran war is “supercharging” the world’s shift to renewable energy, as countries scramble to reduce their exposure to volatile oil and gas markets, the U.N. climate secretary said on Thursday. The U.S.-Israeli war with Iran has upended oil and …

Camp Mystic on Thursday said it has withdrawn its application for an operating license, a decision that means it will not reopen to campers this summer. The decision follows a grueling hearing earlier this week when Texas lawmakers pushed the …

Glass shards flew everywhere as Eric Gockel waited out one of the worst hailstorms to hit Missouri. One of the softball-size hunks of ice that hit the Springfield area on Tuesday measured 4.75 inches (12 centimeters). The hail killed an …

Two new products on the market could help reduce losses and property insurance claims in storm-prone parts of the Southeast and beyond, makers announced recently. Flood Risk America, based in Lake Worth, Florida, said it has expanded its flood protection …

Historically, executing decisive, effective workers’ compensation claims has been a work in… well, compensation. As in compensating for holes in data that, if available or accessible, would help deliver far more expedient, cost-effective and successful outcomes for all parties. These …