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Gallagher Re becomes first reinsurance broker to deploy Allphins exposure management platform

Gallagher Re has announced the deployment of the Allphins risk management platform, becoming the first reinsurance broker to be licensed for the tool. The global broker has signed a multi-line agreement covering real estate, onshore energy and terrorism businesses for the platform. The deployment comes at a time of continued pressure on property catastrophe rates,…

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Maamoun Rajeh takes charge of Arch’s Insurance segment in expanded President role

Arch Capital Group Ltd., a global provider of insurance, reinsurance and mortgage insurance, has expanded President Maamoun Rajeh’s responsibilities to include oversight of its insurance division in addition to the reinsurance and mortgage businesses he already leads, as the company adopts a single-president model. Archie explained that David Gainsbourg will step down as president and…

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Convex establishes specialty and niche lines focused MGA, Kinetic Insurance Services

International specialist insurer and reinsurer Convex Group Limited has launched a wholly-owned, technology-enabled managed general agency (MGA) called Kinetic Insurance Services (Kinetic), which will commence trading in the final quarter of this year. The reinsurer explained that MGA, based in the UK, has FCA regulatory approval and will target specialist and niche business areas that…

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Resilience introduces new cyber risk programme for private equity firms

Resilience, a cyber risk solutions company that combines cybersecurity expertise, risk management technology and cyber insurance services, has launched a new Private Equity Cyber ​​Risk program designed to help private equity (PE) firms better understand and control cyber risks in their portfolios. The program combines Arc, Resilience’s cyber risk management platform for complex organizations, with…

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Mereo starts underwriting ESL’s casualty energy portfolio

Bermuda-based insurer Mereo Insurance Limited (Mereo) has begun underwriting the first excess casualty energy policies under a renewal rights deal between Everen and Cedar Trace, an insurance, reinsurance and asset management group that is strategically aligned with Mereo. This follows a reported acquisition of Everen Specialty Ltd.’s (ESL) excess casualty energy portfolio renewal rights and…

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Acrisure enters Turkish market with Monopoli Sigorta partnership

Istanbul-based insurance brokerage Monopoli Sigorta Aracılık Hizmetleri A.Åž. has joined the international platform of global insurance brokerage Acrisure as part of its new strategic partnership. This partnership marks an important milestone for Monopoli Sigorta and the wider Turkish insurance intermediary industry. This is also Acrisure’s first cooperation in the Turkish market. Founded 25 years ago…

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