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[ad_1] Fitch Ratings, a credit rating agency, stated on 14 August 2025 in Sydney and Jakarta that the proposed consolidation of three Indonesian reinsurers could undermine the capital strength of the domestic reinsurance sector in the absence of fresh capital injections. Fitch said the merged company would likely have reduced underwriting capacity, although market competition … Read more

[ad_1] Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s coverholder, has appointed Alex Stratton-Thomsett as Casualty Underwriter, effective 8 January 2026. In his new role, Stratton-Thomsett will collaborate with David Barber, Senior Casualty Underwriter, to accelerate the growth of Blenheim’s casualty portfolio. Stratton-Thomsett brings 25 years of specialist experience in the casualty insurance … Read more

[ad_1] Kalepa, a company specialising in underwriting technology solutions, has entered into an agreement with an affiliate of W. R. Berkley Corporation, a commercial lines insurance provider in the United States. The agreement will broaden the use of Kalepa’s platform to help improve efficiency and accuracy in underwriting across Berkley’s various operating companies. The expanded … Read more

[ad_1] Marsh, an insurance broker and risk advisor under Marsh McLennan, has introduced BrokerSafe, an insurance facility aimed at US freight brokers seeking access to auto liability coverage in a market where options have become more limited and costly. Freight brokers link shippers with trucking companies, but their position can leave them exposed to contingent … Read more

[ad_1] Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced a number of strategic appointments within its energy division aimed at bolstering its power and renewables offering. Alex Nelson has joined the energy team as Underwriting Manager for Power & Renewables, alongside Andrea Ciraci and Oliver Prout, who have been appointed Senior … Read more

[ad_1] SCOR has confirmed that the arbitration tribunal overseeing its dispute with Covéa over June 2021 retrocession treaties will keep to the original timetable, with a final ruling expected in 2026. Providing some background, in 2022, SCOR filed an arbitration seeking the execution of the retrocession treaties signed with Covéa in June 2021. At the … Read more

[ad_1] Specialist insurer Hiscox has announced the appointment of Matthew Budd as Group Head of Technical Claims, a newly created role. Based in London, Budd will be responsible for overseeing the Group’s technical claims operations as the business continues to fulfil its growth ambitions and deliver innovative solutions to customers. An executive with 36 years … Read more

[ad_1] Willis, a WTW business, has announced the appointment of Azad Kumar as Growth Leader for Energy, Construction, and Marine in India. Based in Mumbai, Kumar will play a key role in shaping Willis’ specialisation strategy and supporting clients in the Energy, Construction, and Marine sectors. Kumar brings over 26 years of industry experience, spanning … Read more

[ad_1] HDI Global Insurance Company, the U.S. carrier of HDI Global SE, has appointed Fellipe Aguiar to the newly created role of Head of Energy & Power Underwriting U.S. for its cross-division Energy & Power Unit. Aguiar’s team will manage complex risks across downstream and midstream energy, chemicals, conventional power, and renewable energy sources, combining … Read more

[ad_1] Australian insurer Suncorp Group has revealed that net profit after tax (NPAT) for FY2025 was $1.823 billion, up from $1.197 billion in 2024, while cash earnings increased to $1.486 billion from $1.372 billion. According to the firm, FY2025 NPAT included $252 million from the one-off gain on sale of Suncorp Bank and $99 million … Read more

[ad_1] AXIS Capital has revealed that Matthew Kirk will succeed Peter J. Vogt as the firm’s Chief Financial Officer, effective March 2026. As part of a planned leadership transition, Vogt will act as a strategic advisor to AXIS Capital through the end of 2026 to support a smooth transition. Kirk, who presently serves as CFO … Read more

[ad_1] Qatar Insurance Company (QIC Group) has reported an increase of 17% year on year in gross written premiums (GWP) to QAR 5.7 billion in the first half of 2025, as it continued to enhance the risk diversification of its underwriting portfolio, growing its premiums in personal lines, health, marine and energy. In H1’25, 60% … Read more

[ad_1] (Images: General Motors | Cadillac) It’s not just about ‘Opulent Velocity’ — Cadillac is going for a lifted off-roader as well. Monterey Car Week is a concept-heavy event, with several automakers, and pretty much every luxury automaker, throwing their latest creations into the ring (and onto the Pebble Beach lawn). Cadillac is no exception, … Read more

[ad_1] Insurtech Gateway, a specialist insurtech incubator, has received authorisation to trade within the specialist Lloyd’s market, the world’s oldest insurance and reinsurance marketplace. This milestone strengthens Insurtech Gateway’s platform for supporting early-stage MGAs, particularly those addressing emerging risks in underserved or rapidly evolving markets. Historically, securing underwriting capacity has been a major hurdle for … Read more

[ad_1] The Acura RSX Prototype is making its debut during Monterey Car Week, but we got an early look. At the moment, Honda’s EVs (both in its mainstream brand and in its Acura luxury brand) are co-developed models with General Motors’ midsize electric SUVs. That will not be the case moving forward, though, as we … Read more

[ad_1] Third Point LLC (TPIL ), a New York-based alternative asset manager, has secured shareholder approval for its acquisition of Malibu Life Reinsurance SPC, a life and annuity reinsurance platform. The vote, which took place at the firm’s extraordinary general meeting (EGM), resulted in 67% of shareholders voting in favour of the proposed transaction. Rupert … Read more

[ad_1] Bermuda-based reinsurer PartnerRe has announced the appointment of Brian Newman as Chief Data and Operations Officer, Life & Health (L&H). Newman brings extensive experience to the role, having spent six years at Hannover Life Re US, where he most recently served as Senior Vice President, Operations following his tenure as Vice President, Operations. Before … Read more

[ad_1] The Lloyd’s Market Association (LMA) has advised its member insurers to review their exposures to Russian oil in response to upcoming changes to the Oil Price Cap regime for the UK and EU. The Oil Price Cap is a sanctions regime run by the G7, the EU and Australia, designed to let companies in … Read more

[ad_1] As the global reinsurance market enters a period of sustained profitability and stability, disciplined capital deployment and strong underwriting remain crucial, a recent AM Best report has revealed. The Best’s Market Segment Report, “Reinsurers’ Disciplined Capital Deployment and Underwriting Remain Key Foundations,” highlights a significant market recalibration that began in early 2023. This shift … Read more

[ad_1] Atrium, a specialty insurance group at Lloyd’s has entered the Credit and Political Risk market with the appointment of a new team led by Richard Lamb. Lamb will be joined by Beth MacGregor and Adam Vulliamy. Together, they aim to create one of London’s best-regarded Credit and Political Risk teams, Atrium stated. The team … Read more