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Novel Financial Holdings has secured investment from specialist private equity firm Flexpoint Ford to support its continued expansion as a diversified underwriting and insurance services holding company. The capital investment, funded through Flexpoint Asset Opportunity Fund III and Flexpoint Insurance Opportunity Fund I, expands Novel’s ownership base and solidifies its position as an independent insurance…

Global reinsurer Swiss Re has announced the creation of a new business unit, Alternative Capital Solutions, which will cover its retrocession buying activities as well as insurance-linked securities (ILS). The Alternative Capital Solutions team was launched on July 1 and will be led by long-time veteran Mirjam Wiget. In her new role, Wiget will oversee…

Xceedance, a provider of technology-enabled services and operational solutions to the global insurance industry, has appointed Vikas Wadhera as senior vice president as it seeks to further develop its catastrophe modeling and risk management capabilities. The appointment is part of Xceedance’s wider strategy to provide catastrophe analytics services to insurers, reinsurers and managing general agents…

Citizens Property Insurance Company of Florida revealed that it has invested $2.82 billion in its 2026 private risk transfer plan. Among them, the traditional reinsurance market is approximately US$691 million, the capital market is approximately US$2.13 billion, and the overall weighted average net interest rate (ROL) is 9.52%. The plan includes $1.29 billion in new…

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Richard Alexander as head of eastern property. In his new role, Alexander will lead Swiss Re CorSo’s East Property team, supporting underwriting performance, profit growth and ongoing engagement with clients and brokers in the region. He has more than thirty…

New research from First Street finds that 79% of the world’s data center capacity is exposed to severe climate hazards, including flood, wind and wildfire risks that could disrupt operations, increase downtime and increase insurance and repair costs. First Street’s analysis shows that climate risk is becoming a key factor in data center investment performance,…

Pro Global, a global provider of specialist insurance services, technology and advisory solutions, has strengthened its claims division with the appointment of three senior professionals as the company continues to invest in its complex claims expertise. The company has appointed Gary Brankin as technical claims director, Harjinder Gill as advanced claims technology – complex claims…

Dynamic artificial intelligence insurance platform Earnix announced the launch of AIOS, the artificial intelligence orchestration system for insurance, which integrates intelligence, agents, models, workflows, governance and human supervision into a single decision-making engine, aiming to improve insurance company performance. AIOS extends Earnix’s intelligent decision-making capabilities across the entire insurance lifecycle, enabling insurers to apply AI…

Howden Re, the reinsurance arm of Howden Brokerage Group, has expanded and strengthened its presence in Europe with the opening of a new office in Ireland. The broker believes the move will enhance its ability to support clients in one of the region’s most important and rapidly growing insurance markets. It also aims to bring…