Carbon adds Phil Wooldridge as Head of US Casualty and Deputy Active Underwriter

Carbon Underwriting Limited, a delegated authority underwriting specialist with its own Lloyd’s syndicate, has appointed Phil Wooldridge as its new Head of US Casualty and Deputy Active Underwriter, effective 28 September 2026. In his new role, Wooldridge will grow Carbon’s book of business for US policies covering long-tail casualty risks. He will work closely with…

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MNK Group acquires Danish non-life insurer ETU Forsikring

MNK Group, the independent international insurance group, has completed the acquisition of 100% of Danish insurer ETU Forsikring A/S, following approval from the Danish Financial Supervisory Authority (Finanstilsynet). According to the announcement, MNK Group’s main focus is to strengthen ETU as a Danish insurer. By deploying fresh capital into the firm, the Group plans to…

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Marsh launches new European D&O insurance facility

Global professional services firm Marsh has launched Unity D&O, a new European directors and officers (D&O) insurance facility for private and public organisations with revenues up to €1 billion. The facility will be initially available in France, Belgium, Luxembourg, the Netherlands, Denmark, Finland, Norway, and Sweden, and has been designed to help organisations address uncertainty…

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AM Best upgrades FSR of Aspen and its subsidiaries

Credit ratings agency AM Best has upgraded the Financial Strength Rating (FSR) of Bermuda-based re/insurer Aspen and its subsidiaries to A+ (Superior) from A (Excellent), as the Long-Term Issuer Credit Ratings (Long-Term ICRs) have been changed to “aa-” (Superior) from “a” (Excellent). The credit ratings agency had placed the re/insurer and its subsidiary under review…

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SEADRIF delivers $2.28m in parametric payouts to Lao PDR & WFP as flood impacts grow

As Lao People’s Democratic Republic (PDR) flood impacts grow, the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) has released an additional US$1,137,500 payout to the country’s government and the United Nations World Food Programme (WFP) under parametric policies. Disbursed within two business days of receiving updated impact data regarding escalating flooding in the region, the…

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