MassMutual Reinsures $16 Billion Universal Life Block With Nationwide
MassMutual and Nationwide announced a $16 billion fixed universal life reinsurance agreement covering 30,000+ policyholders, with Q2 2026 closing expected and Barings retained as…
Region
North America
TSR Revises 2026 Hurricane Forecast Down 50%, Triggering Mid-Year Cat Rate Cuts
TSR's May 28 revision to 11 named storms and ACE index 55 — 40% below climatology — is compressing mid-year 2026 cat reinsurance pricing…
State Farm’s $1.5B Merna Re Cat Bond Benchmarks Aggregate ILS Protection
State Farm cat bond aggregate protection: $1.5B Merna Re 2026-1 raises total ILS capital to $4.5B — Class A at 6.25%, Class B at…
Acrisure Cuts 2,250 Jobs as AI Automation Reshapes the Broker Workforce
Acrisure AI job cuts hit 2,250 employees in May 2026 — 11% of the global workforce — as CEO Greg Williams cites AI and…
US P&C Logs Best Q1 Underwriting Margin in 25 Years — With a Soft-Market Warning Baked In
US P&C underwriting profit Q1 2026 hit a 25-year high with a combined ratio of 89.5, validating hard-market discipline — but premium declines across…
California FAIR Plan’s 29% Rate Hike Lays Bare the Structural Failure of Regulated Residual Markets
California FAIR Plan rate hike of 29.1% is approved for October 2026 after $2.9B–$4B in wildfire losses; 668,600 policies and $599B in exposure confirm…
Markel and WTW Launch Nuclear Insurance Facility as 70-Reactor Build-Out Strains Specialist Capacity
Markel Insurance and Willis Towers Watson launched a dedicated nuclear insurance facility in May 2026, responding to a capacity crisis as 70 reactors under…
TWIA Faces $1.23B Reinsurance Gap as Coastal Texas Private Market Shrinks
TWIA's 2026 reinsurance gap of $1.23 billion exposes the structural cost of private market withdrawal from coastal Texas, where the state pool now holds…
Swiss Re: 2026 Insured Cat Losses Tracking Toward Third-Worst Year on Record
2026 insured catastrophe losses are tracking toward the third-highest annual total on record, driven by secondary perils as reinsurance pricing softens 14.7% at January…
AI-Labeled Insurtechs Claim Record 95% of $1.63B Global Q1 2026 Funding
AI insurtech funding Q1 2026: 95.2% of $1.63B went to AI platforms across 68 deals, with AI liability insurance emerging as a $444M standalone…