MNRB Holdings to Acquire Remaining 80% of Labuan Reinsurance for $100.69M
MNRB Holdings Berhad announced a conditional share purchase agreement to acquire the remaining 80% equity interest in Labuan Reinsurance (L) Ltd for approximately $100.69 million in cash, making Labuan Re a wholly‑owned subsidiary. Malaysian Reinsurance Berhad will retain its existing 20% stake. The deal values Labuan Re at about 0.88 times its adjusted tangible net asset value.
Hippo's Spinnaker Insurance Closes $100M Mountain Re 2026-1 Catastrophe Bond
Spinnaker Insurance Company, a wholly owned subsidiary of Hippo Holdings, completed a $100 million Mountain Re Ltd. Series 2026-1 catastrophe bond issuance, providing multi‑peril reinsurance coverage for a three‑year term. The bond was priced at the low end of guidance...
Mercury Insurance Invests in BurnBot to Advance Wildfire Mitigation
Mercury Insurance announced a strategic investment in BurnBot, a wildfire mitigation technology firm that uses robotic, data-driven systems to reduce hazardous fuels. The partnership aims to improve community resilience and expand affordable insurance coverage in fire‑prone areas, starting with California.
K2 Insurance Services Completes Acquisition of Oculus Underwriters
K2 Insurance Services, a specialty insurer, has completed the acquisition of Oculus Underwriters, integrating it into its Vikco Insurance Services platform. The deal expands K2’s commercial property insurance capabilities and adds Oculus’s portfolio and underwriting expertise to its offerings.
Mapfre Re Issues $200M Recoletos Re 2026-1 Catastrophe Bond
Spanish reinsurer Mapfre Re has completed the issuance of a $200 million Recoletos Re DAC (Series 2026‑1) catastrophe bond, its third and largest to date. The bond provides indemnity‑based U.S. named storm coverage for the Mapfre Group and was structured by GC...
ALPS Insurance Announces Acquisition of Ohio Bar Liability Insurance Company
ALPS Insurance, a specialist U.S. insurer for legal professionals, has entered into a definitive agreement to acquire Ohio Bar Liability Insurance Company (OBLIC), the provider of legal malpractice coverage for Ohio attorneys. The deal, announced on May 8, 2026, will...
US Coastal Insurers Raise $100M via Chartwell Re Cat Bond Issuance
US Coastal Insurance Company and US Coastal Property & Casualty Insurance Company, administered by Cabrillo Coastal General Insurance Agency, have launched a second catastrophe bond with Chartwell Re Ltd., targeting $100 million of fully‑collateralized reinsurance. The Series 2026‑1 issuance includes a $55 million...
Hiscox Capital Partners Raises $1B in New Investor Inflows, Boosting ILS AUM to $2.4B
Hiscox Capital Partners, the ILS investment unit of Hiscox Re, secured approximately $1 billion of new capital from investors, raising its assets under management to $2.4 billion as of April 1, 2026. The inflows primarily flowed into its catastrophe bond fund, enhancing fee‑generation potential...
Pool Re Secures £100M ($127M) in Terrorism Retrocession via Fourth Catastrophe Bond
Pool Re, the UK government‑backed mutual terrorism reinsurance firm, has completed its fourth catastrophe bond issuance, securing £100 million of terrorism retrocession through the Baltic PCC Limited (Series 2026‑1) bond priced at the mid‑point of guidance.
National Indemnity Company Acquires 2.5% Stake in Tokio Marine Holdings
Berkshire Hathaway's reinsurance subsidiary National Indemnity Company (NICO) announced a strategic partnership with Japan's Tokio Marine Holdings, acquiring a 2.5% equity stake in the insurer. The deal includes a ten‑year quota‑share reinsurance arrangement starting April 1 2026, allowing NICO to assume a...
Old Republic International Announces ECM Acquisition, Expected to Close by July 1
Old Republic International Corporation announced it will acquire ECM, with the transaction slated to close by July 1, 2026. The acquisition is part of Old Republic's strategic expansion and is expected to boost earnings in the second half of the...
Westhill Global Acquires Spero to Boost AI-Driven Claims Analytics
Westhill Global, a digital claims solutions provider for property & casualty insurers, announced the acquisition of Spero, a construction data and analytics firm. The deal expands Westhill’s AI-driven contractor profiling and pricing capabilities, enhancing its claims ecosystem. Financial terms were...
Openly Raises Growth Capital in Round Led by Eden Global Partners, Advance Venture Partners, Gradient, with Strategic Participation From Allianz...
Openly, a technology-enabled homeowners insurer, announced the completion of a growth investment round led by Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X. The funding will support Openly's expansion into new markets and product...
American Coastal Insurance Secures $200M Florida Multi-Peril Reinsurance via Armor Re II Cat Bond
American Coastal Insurance Company completed a $200 million catastrophe bond issuance, Armor Re II Series 2026‑1, to obtain multi‑peril reinsurance coverage for Florida. The bond comprises two $100 million tranches (Class A and Class B) priced at 5% and 14.75% risk interest spreads, providing coverage from...
Zurich Insurance Group Secures Shareholder Approval for $10.9B Acquisition of Beazley
Zurich Insurance Group announced an all‑cash acquisition of Beazley plc valued at approximately $10.9 billion. Beazley shareholders approved the deal on April 22, 2026, moving the transaction toward completion pending court and regulatory clearance. The combined entity will create a $15 billion specialty insurer.