Reinsurance at ‘critical inflection point’ as record capital tests underwriting discipline: AM Best

A new AM Best report has warned that the global reinsurance segment is at a “critical inflection point”, with strong earnings since 2023 pushing capital to record levels and intensifying competition, particularly in property, raising questions over whether underwriting discipline will hold or irrational competition will emerge, leading to another traditional soft market cycle. The…

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Accredited selects Hellenic Hull as first dedicated ocean marine MGA partner

Accredited Insurance (Europe) Limited (Accredited) and Hellenic Hull Management (HM Insurance Agencies) Ltd (Hellenic Hull) have entered into a delegated authority partnership covering Hull & Machinery, ancillary marine risks and Marine Cargo. Hellenic Hull is a marine insurance management company specialising in Hull & Machinery coverage for all types of vessels. The company has been…

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REVO submits binding offer to acquire Eurocaution in planned Benelux expansion

REVO Insurance S.p.A., an Italian speciality non-life insurer, has announced the submission of a binding offer to acquire Luxembourg-based Eurocaution S.A. in a transaction valued at up to €22 million. Eurocaution specialises in insurance intermediation and surety underwriting, operating across Luxembourg and Belgium. REVO Insurance said the proposed acquisition is subject to the negotiation and…

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Starwind Specialty expands private client offering with new underwriting platform

Starwind Specialty, a North American programme management company and one of the region’s largest programme management operations, has introduced Starwind Private Client, a dedicated underwriting platform focused on the insurance needs of high-net-worth individuals and families undertaking complex residential property projects. The company said the new platform has been developed to provide specialist underwriting expertise,…

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Markel Insurance names Nguyen as Managing Director, Specialty for London Market

Markel Insurance, the insurance operation within Markel Group Inc., has appointed Doan Nguyen as Managing Director of Specialty of London Market operation, effective immediately. Nguyen succeeds Tom Hillier, who was appointed Chief Underwriting Officer for Markel International earlier this year. She is based in London and reports to Rohan Davies, Managing Director of London Market,…

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