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Credit ratings agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to InEvo Re, a Bermuda-based specialist life reinsurer backed by Macquarie Asset Management, with a stable outlook. AM Best explained that these ratings reflect the reinsurer’s “very strong” balance sheet strength, adequate…
Steadfast Group has entered into a Scheme Implementation Deed (SID) with Amwins Australasia and Starboard BidCo, an entity indirectly owned by funds managed or advised by affiliates of Dragoneer and Kohlberg Kravis Roberts & Co. L.P., for the acquisition of all of the issued shares of Steadfast at an enterprise value of approximately AUD 7.7…
Nigeria domiciled African Reinsurance Corporation has announced its unaudited financial results for the first half of 2026, reporting an 8.5% year-on-year rise in Insurance Service Revenue to USD 664.8 million. According to Africa Re, growth was recorded in the vast majority of the corporation’s profit centres and supported by new business and stronger renewal retention….
Emma Woolley is set to join Allianz Commercial as President Global Specialty and UK Region, and will also join the Allianz Global Corporate & Specialty SE Board of Management, reporting to Thomas Lillelund, Chief Executive Officer (CEO), Allianz Commercial. Subject to regulatory approval, Woolley will join Allianz once her current professional commitments have ceased, no…
Blenheim Partnerships, part of the White Bear Group, has expanded its marine specialty risks offering with a new-build delivery failure insurance solution, Knot-on-Time. Led by Edward Parker as Senior Underwriter, Special Risks, the solution safeguards vessels owners against financial losses rising from delayed or failed ship deliveries. With global shipbuilding activity at its highest levels…
Relm Insurance, an insurer providing coverage for businesses operating in emerging and specialised sectors, has appointed Sue Crawford as Senior Vice President and Head of Distribution, reporting to Chief Underwriting Officer Shane Doyle and will be based in New York. In the new role, Crawford will oversee Relm’s distribution strategy and work with brokers and…
Noldor, a company focused on transforming disjointed insurance data into a valuable asset driving the programme marketplace, has announced the appointment of Tom Anderson as Head of Sales. In his new role, Anderson will build and lead the sales organisation as Noldor expands across the US, Lloyd’s and London company markets. He brings two decades…
Specialist managing general agent (MGA) Banyan Risk has launched a new US Inland Marine & Marine Property product, with capacity provided by program partner Accredited Insurance Limited. The new line targets four core segments: Construction & Infrastructure (contractors’ equipment, builders’ risk, installation floater, riggers), Logistics, Transportation, Transit & Shipping (motor truck cargo, trip transit, owners’…
New analysis from global professional services firm Aon suggests that global property and casualty insurers are entering the next phase of the market cycle from a position of strength, creating an opportunity to turn recent profitability gains into long-term competitive advantage. The benefits of “acting now” are significant, Aon said, as stronger profitability gives insurers…
Skyward Group, a specialty insurance organisation whose operating businesses include Skyward Specialty Insurance Group, Inc. and Apollo Group Holdings Ltd., has announced a planned change in its senior financial leadership, with current Chief Financial Officer Mark Haushill set to retire next year. Haushill will retire from his position on 31 March 2027, bringing to an…