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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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Antares Global appoints James Day as Property Treaty Underwriter, Reinsurance

Antares Global, an international specialty insurance and reinsurance group, has announced the appointment of James Day as Property Treaty Underwriter – Reinsurance, further strengthening its reinsurance team. Joining the company from MS Amlin, Day brings two decades of industry experience, specialising in global and North American property treaty business, with expertise across both non-proportional and…

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Fitch expects strong growth in offshore life reinsurance to continue

Fitch Ratings expects strong growth in offshore life reinsurance to continue, with Bermuda remaining the dominant primary jurisdiction. Offshore reserves ceded by U.S. life insurers have nearly doubled since 2020, amounting to $1.3 trillion in 2025. This growth reflects capital optimisation, strategic partnerships between insurers and alternative investment managers, sidecar creation and record annuity sales….

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