Lincoln Cedes $5.8 Billion of Guaranteed Universal Life Reserves to Talcott
Lincoln Talcott reinsurance deal cedes $5.8bn of GUL reserves and $500m of funding agreements; Lincoln retains policy administration and claims handling.
Region
North America
Lemonade’s Revenue Jumps 79% to $294.4M as Cession Rate Falls
Lemonade Q2 2026 revenue rose 79% to $294.4 million, but a lighter reinsurance cession rate drove much of the jump, not organic growth alone.
Delaware Life, Clear Spring Face Federal Subpoenas Over 39% Stake
Delaware Life subpoenas reveal a related-party stake restated from 3% to over 39% of assets, testing NAIC's new private-credit disclosure rules.
Telematics Auto Insurance Ban in California Would End Under AB311
Telematics auto insurance pricing could finally reach California, where AB311 targets the state's last-in-the-nation ban on usage-based auto rating.
California Workers’ Comp Combined Ratio Hits 127% as Premium Growth Slows
California workers' comp premium growth slowed to 3% in Q1 2026, even as WCIRB's accident-year 2025 combined ratio hit a 20-year-high of 127%.
Hugging Face Confirms Autonomous AI Breach With 17,000 Logged Actions
Hugging Face's autonomous AI breach exposed 17,000 logged attacker actions, a wake-up call for cyber insurers pricing 2027 agentic-AI treaty risk.
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash
Mapfre Safety Insurance acquisition: Spain's insurer pays $1.54 billion cash, $105/share, a 44% premium, for the New England P&C carrier Safety.
Brown & Brown Taps Anthropic, McKinsey, Accenture for AI Overhaul
Brown & Brown AI transformation splits strategy, build and model across McKinsey, Accenture and Anthropic, the opposite bet from Acrisure's job cuts.
Chubb’s $1.94B Underwriting Gain Masks a Reinsurance Balancing Act
Chubb's Q2 2026 P&C underwriting income jumped 18.8% to $1.94B, but lower catastrophe losses drove it, not pricing, as Greenberg buys more reinsurance.
US Agency M&A Falls 15% to 292 Deals in Slowest First Half Since 2016
Insurance agency M&A fell 15% to 292 deals in H1 2026, the weakest since 2016, as OPTIS points to a seller shortage, not buyer…