Insurable Interest Canadian Insurance Blog

Zurich (Feb. 20, 2026) – Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, has agreed to acquire the Global Trade Credit and Surety business of QBE Insurance Group (QBE), subject to regulatory approvals. Upon successful completion, the acquisition will strengthen Swiss Re Corporate Solutions’ primary credit and surety insurance offering and expand its capabilities to address the risk management needs of corporate clients. The transaction supports Swiss Re Corporate Solutions’ strategic ambition to diversify its portfolio and capture new growth opportunities. QBE’s Global Trade Credit and Surety business operates through a highly experienced team with a strong presence in Australia, New Zealand and the UK. The portfolio is expected to generate annual revenues of approximately USD 200 million. This specialty insurance line plays a critical role in helping companies manage payment and performance risk arising from their accounts receivable. Globally, this segment of the insurance market generates around USD 19 billion in premium annually, with continued growth potential driven by heightened economic uncertainty, more complex supply chains and rising demand for sophisticated risk transfer solutions. Ivan Gonzalez, CEO of Swiss Re Corporate Solutions, said: “This acquisition marks an important milestone for Swiss Re Corporate Solutions. It allows us to expand our offering in this attractive segment by strengthening our global credit and surety platform with a well-managed, profitable portfolio...

New York, NY (Feb. 12, 2026) – American International Group (AIG) has reported significant progress in its deployment of artificial intelligence over the last year, with CEO Peter Zaffino indicating AI has become integral to the company’s core infrastructure, with GenAI embedded across underwriting, portfolio management, and operations. “We’re seeing a massive shift in our ability to process a significant submission flow way beyond our expectations without additional human capital resources,” said Zaffino on a recent fourth-quarter earnings call. Referring to a 2025 Investor Day discussion slightly less than one year ago, he added, “What we had outlined in March was aspirational; and six to twelve months later, we see the capabilities are much greater.” Zaffino said AIG has made “significant progress embedding gen AI across our core underwriting and claims processes,” expanding the technology deployment across multiple lines of business. The Underwriting by AIG Assist tool, which has been rolled out to seven additional lines, is scheduled for broader deployment in 2026 across North America, the UK, and EMEA. AIG’s excess and surplus unit, Lexington Insurance, saw a 26% YOY increase in submission counts, and the company has already reached more than 370,000 submissions against its original goal of...

By Dave Brooks, Director of Marketing, Billyard Insurance Group — While much of the insurance industry’s public discourse has centred on rate pressure, capacity constraints, and the growing complexity of personal lines risk management, some of the most consequential innovation has been happening quietly, far from conference stages and headline announcements. Over the past two years, MyChoice and Billyard Insurance Group (BIG) have been working in close partnership on a practical response to the underwriting challenges facing brokers and carriers alike. That collaboration led to PrecisionX, an underwriting and pre-risk assessment platform built to improve accuracy, reduce loss-ratio volatility, and increase operational efficiency at scale. Rather than positioning artificial intelligence as a future-state ambition, the collaboration has remained grounded in solving real-world problems underwriting teams and brokerages are confronting today. That practical focus was shaped early on by MyChoice’s participation in the Google for Startups Accelerator: Canada, where access to cloud infrastructure and early AI tooling helped form the foundation of what would later become its submission validation and evidence intelligence engine. From Growth to Underwriting Precision For fast-growing brokerages, scale can be a double-edged sword. Increased submission volume can introduce underwriting risk, manual bottlenecks, and subtle premium leakage. These...

Aon expands Data Center Lifecycle Insurance Program to $2.5 billion, strengthening resilience for AI-driving digital infrastructure Dublin, Ireland (Jan. 30, 2026) – Aon, a leading global professional services firm, has announced a $1 billion expansion of its proprietary Data Center Lifecycle Insurance Program (DCLP), increasing total capacity to $2.5 billion. The expansion responds to accelerating global investment in cloud computing, artificial intelligence and digital infrastructure and increasing complexity of risks across the data center lifecycle. First introduced in 2025, DCLP is a multi-line insurance solution designed to support data center projects from construction through ongoing operations. The program brings together traditionally fragmented risk classes into a single coordinated insurance solution. By integrating construction, cyber, cargo and operational risks, DCLP helps clients secure capacity at scale, reduce friction and execute projects more efficiently. “Managing risk throughout the data center lifecycle is a strategic imperative – these platforms drive innovation, connectivity and economic growth,” said Greg Case, president and CEO of Aon. “As these facilities become more critical and complex, building resilience into their infrastructure is essential for the broader business ecosystem. Aon is committed to helping clients anticipate risks, strengthen operational continuity and invest in the future of digital infrastructure with confidence.”...

The Equisoft/manage Policy Administration System achieved Celent’s highest “Luminary” recognition for excelling in both capabilities and market leadership, making it a strong choice for individual and group life insurance products Philadelphia, PA (Feb. 16, 2026) – Equisoft, a leading global digital solutions provider to the financial services industry, is pleased to announce that Equisoft/manage, an AI-native policy administration system, earned top tier “Luminary” status in Celent’s North American and LATAM Policy Administration Systems Editions. Recognized for its integration capabilities, agentic AI innovation, and comprehensive functionality spanning from illustrations through claims, Equisoft/manage also won xCelent Awards for Advanced Technology across North America and LATAM. “This third-party recognition validates our commitment to delivering the most advanced policy administration technology for life insurance carriers globally,” said Luis Romero, CEO of Equisoft. “Equisoft/manage combines our decades of life insurance expertise with next-generation AI capabilities that enable insurers to accelerate product innovation, enhance operational efficiency, and deliver superior customer experiences. Being recognized across multiple regions and for both individual and group life confirms that our platform meets the diverse needs of insurers worldwide.” Equisoft’s AI-powered capabilities include automated underwriting and claims support, intelligent document processing, real-time product changes without IT support and Agentic AI powered...