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Fitch assigns Bermuda-based Verdant Rock BBB+ IFS rating with stable outlook

Verdant Rock Limited is an insurance company headquartered in Bermuda and regulated by the Bermuda Monetary Authority. It has received Fitch Ratings’ BBB+ long-term insurance company financial strength rating with a stable outlook. According to the credit rating agency, the rating reflects Verdant Rock’s strong initial capitalization and prudent financial profile, balanced by the execution…

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Juan Naveda to lead Dynamic Re as CEO, London

Dynamic Reinsurance, a company specializing in bespoke reinsurance risk transfer solutions, has appointed Juan Naveda as London Chief Executive Officer (CEO). Naveda has over thirty years of experience in the insurance and reinsurance industry and brings a wealth of expertise and strong relationships in the London market. His experience includes structuring complex reinsurance programs, managing…

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Hippo Holdings names Laura Boettcher as Chief Operating Officer for group-wide operations

Hippo Holdings Inc., the U.S. parent company of Hippo Insurance, has announced the promotion of Laura Boettcher, ARe, to chief operating officer. The company said her role now extends across the group, overseeing operations at an integrated level while continuing to support an operational approach focused on efficiency and customer service. Rick McCathron, President and…

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Data centre boom opens ‘considerable opportunity’ for US P&C insurers: AM Best

A new report from AM Best suggests that the continued surge in data center projects provides a “huge opportunity” for the U.S. property and casualty (P&C) insurance industry to develop innovative new property and liability coverage amid growing demand. Data center developers “firmly” believe that infrastructure must be developed if the United States is to…

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Sixfold introduces AI underwriter to support insurance underwriting decisions

Sixfold, a provider of artificial intelligence solutions for the insurance industry, has announced the launch of AI Underwriter, a new technology platform designed to assist insurance companies with underwriting analysis, risk assessment and decision support throughout the submission process. This follows Sixfold’s announcement of $30 million in Series B funding earlier this year, which the…

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Novus strengthens underwriting capability with Mark Noble appointment

Novus Underwriting, the specialist global wholesale warranty and affinity MGA, has further strengthened its underwriting capabilities with the appointment of Mark Noble. Noble has five years of industry experience and has expertise in a range of consumer protection insurance products, particularly accident, sickness and unemployment insurance. He has in-depth understanding of the development of consumer-centric…

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Resilience reports $1bn reduction in cyber loss exposure as edge platform reaches three-year milestone

Cyber ​​risk solutions company Resilience has announced the third anniversary of the launch of its Edge cyber risk management platform. The company reports that organizations using Edge have collectively reduced their exposure to extreme cyber losses by more than $1 billion between 2023 and 2026, during which time its customer base has grown more than…

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DEVK reinsurance premiums written rise 3.2% to €1.41bn in 2025

DEVK Group’s reinsurance business continued to grow in 2025, with non-group business (DEVK RE and Echo Re) written premiums increasing by 3.2% year-on-year to 1.41 billion euros. The number of reinsurance customers increased from 998 in the previous year to 1,057, spanning 132 countries. DEVK reported that the combined reinsurance ratio before allocation to equalization…

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