All articles by Shubhendu Vimal
Shubhendu Vimal
Iran proposes insurance plan for Strait of Hormuz – report
Under the proposed model, Iran would issue marine insurance policies and certificates of financial responsibility to vessels using the waterway.
Novella raises $21m to expand US wholesale insurance operations
Brewer Lane Ventures led the funding round, joined by global insurer Arch, Avid Ventures, Blank Ventures, Box Group, Crystal Venture Partners, SV Angel and Verissimo Ventures.
Zurich reports stronger Q1 P&C and Life protection growth
P&C GWP climbed 17% in US dollar terms to $15.56bn (SFr12.16bn) in the three months to 31 March 2026, equivalent to 8% growth on an LFL basis.
Mercury Insurance invests in BurnBot for wildfire mitigation
The US insurer said the investment is part of a wider strategy to reduce wildfire risk, strengthen community resilience and support long-term insurance availability.
Munich Re Q1 net result rises 56.7% on lower catastrophe claims
The German reinsurer reported a net result of €1.71bn ($2bn) for the quarter.
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ALPS agrees to acquire Ohio Bar Liability Insurance Company
The deal is intended to support the long-term provision of legal malpractice insurance to lawyers in Ohio, US, by bringing together OBLIC’s position in the Ohio market with ALPS’ national platform and infrastructure.
Swiss Re Q1 net income rises 19% on lower catastrophe losses
Group insurance revenue edged down by 4% to $10.03bn (SFr8.01bn), reflecting lower volumes in P&C reinsurance and the continued wind-down of the iptiQ business.
Allianz to transfer stand-alone cyber insurance business to Coalition
The deal appoints Coalition as Allianz’s exclusive global cyber insurance partner across all commercial segments.
AXA reports 6% rise in Q1 premiums and revenues in “volatile environment”
For the three months ended 31 March 2026, P&C premiums rose by 4% to €21.46bn ($25.26bn).
Howden acquires Cybeta IP assets for US cyber business
Cybeta, established in 2019 by data science specialists with backgrounds in the US DoD and intelligence communities, specialises in predicting and preventing cyberattacks.