Month: December 2025

AM Specialty Insurance Company (UK) (ASIC UK) has now been authorized by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to carry out regulated insurance activities in the UK, becoming the first insurance company to receive authorization under the authorities’ accelerated authorization route, this publication can reveal. This approval enables ASIC UK…

HDI Global, an international insurance company specializing in servicing commercial and industrial clients, has appointed Peter Schraa as its new head of maritime in Singapore, effective December 1, 2025. The appointment is in line with the insurer’s ambition to expand its presence in Southeast Asia and further strengthen its foothold in the region. In his…

International insurance group Ageas has acquired the remaining 25% stake in its Belgian subsidiary AG Insurance from BNP Paribas Fortis for a total price of 1.9 billion euros. The transaction is expected to close in the second quarter of 2026 and Ageas will become the sole owner of AG, a Belgian insurance company operating across…

Global insurer Allianz has secured multi-year AA-rated capacity through a partnership with Oaktree Capital Management LP, which will see the investment manager establish a new reinsurance group in the specialist Lloyd’s insurance and reinsurance market. Syndicate 1890 will commence underwriting on January 1, 2026 and will participate as a multi-year partner in Allianz’s outward reinsurance…

Independent specialist re/insurance broker Miller has appointed Andreas Ehrencrona as interim head of its reinsurance business AHJ Miller Nordics. In his new role, Ehrencrona will be responsible for developing and growing the Fac business proposition for new and existing customers in the region. Prior to joining AHJ Miller, he served as Senior Vice President and…

The International Association of Insurance Supervisors (IAIS), a global body representing insurance regulators in more than 200 jurisdictions, has issued its Global Insurance Market Report 2025 (GIMAR), Outline the key developments affecting the industry. The report shows that the industry continues to demonstrate strong capital strength, stable liquidity and healthy profitability, while overall systemic risks…

Evercore ISI expects more insurers will introduce policy language that specifically excludes claims caused by generated artificial intelligence (GenAI) to prevent silent coverage. In a recent report, Evercore ISI noted that the growing use of GenAI and large language models (LLMs) is having an impact on insurance coverage, as users and others increasingly seek compensation…

Cyber ​​risk company Resilience has announced the appointment of Erik Wrobel as chief product officer, responsible for product management, user experience design and engineering. Wrobel has a strong background in product and technology leadership and a proven track record of guiding high-growth software companies through periods of transformation and scaling. “Throughout my career, I have…

Property Guardian, a wildfire risk analytics and mitigation intelligence provider and part of Green Shield Holdings, has partnered with wildfire prevention platform BurnBot to deliver data-driven wildfire mitigation and property risk resilience. This partnership combines leading risk intelligence with precision mitigation technology. The goal is to assist property owners, insurance companies and community stakeholders in…

Recently, state Insurance Commissioner Mike Yaworsky spoke at the 2025 Florida Chamber of Commerce Insurance Summit, emphasizing the importance of tort reform and the positive impact on Florida’s insurance market, but warning against backsliding. Florida enacted major insurance reforms in 2022 and 2023 to stabilize the troubled market by curbing litigation and attracting greater interest…