Radian Group Inc., a US-based company primarily known for mortgage insurance, has reached a definitive agreement to acquire Inigo Limited, a Lloyd’s specialty insurer, in a transaction valued at $1.7 billion, mostly in cash, with the acquisition being funded using Radian’s available liquidity and capital from its subsidiaries.

Horace Mann Educators Corporation, an insurance and retirement solutions company for US educators and school employees, has warned that its results for the second quarter of the year will be impacted by higher than expected catastrophe losses.

In a speech at this year’s World Economic Forum in Davos, Rafal Modrzewski, CEO and Co-Founder of ICEYE, emphasised the pivotal role of satellite technology in rebuilding trust and addressing key global challenges, particularly in the realm of insurance.

Capital adequacy among global reinsurers remained strong at the end of last year, according to a new note from Fitch Ratings.

At today’s Board meeting, staff at the Texas Windstorm Insurance Association (TWIA) approved the 2025 budget, which includes $485 million of ceded premiums, up on 2024’s $397 million, amid continued exposure growth and a subsequent lift in its projected 1-in-100 year probable maximum loss (PML).

Carrow Insurance, a newly launched Managing General Agent (MGA), has entered the European mid-market insurance sector under the leadership of Ronan Conboy, former CEO of AmTrust International.

Great Britain’s government-backed terrorism reinsurer Pool Re has appointed Richard Roberts to the newly created role of Chief Finance and Investment Officer, subject to regulatory approval.