Insurance broker Keystone Agency Partners has appointed Patrick Kinney as its new Chief Executive Officer (CEO). Effective immediately, Kinney will work to further advance the company’s accomplishments as it enters its fourth year of operations.

MIC Global has received approval for Lloyd’s Syndicate 5183 to commence underwriting, effective immediately.

Cincinnati Financial Corporation has reported a net loss of $808mn for the second quarter of 2022, down from a net income of $703mn for the same period last year.

Bermuda-based insurance and reinsurance firm Everest has entered into an adverse development reinsurance agreement, effective October 1, 2025, supported by Longtail Re, an affiliate of Stone Ridge Holdings Group, with the cover composed of two layers in excess of the $5.4 billion of North America Insurance and Other segment liability subject reserves.

Data from MarketScout shows that US commercial P&C insurance rates are stabilising at a combined increase of 5.91% in Q2 2022, virtually matching the rate increases of the previous quarter.

The Insurance Council of Australia (ICA), the representative body for the general insurance industry, has called for greater national investment in disaster resilience and risk reduction to ensure the long-term success of the Cyclone Reinsurance Pool (CRP) and deliver sustained insurance affordability for households and businesses across Northern Australia.

Specialist Risk Group (SRG), an insurance intermediary backed by Warburg Pincus and Temasek, has announced the formation of a new international team dedicated to serving the insurance needs of UK subsidiaries of overseas corporates.