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AM Best has upgraded Dunav-Re a.d.o.’s Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed its Financial Strength Rating (FSR) of B++ (Good). The Long-Term ICR outlook has been revised to stable from positive, while the outlook for the FSR is stable. AM Best noted that the ratings reflect Dunav-Re’s…
Global specialty insurer and reinsurer Chaucer has announced the appointment of Charlotte Allen as Head of Underwriting Governance. In her new position, Allen will lead Chaucer’s newly established Underwriting Governance function, strengthening the company’s governance framework and supporting the business as it continues to evolve and grow. The executive brings a wealth of experience in…
RockRose Risk, an insurance brokerage specialising in wildfire risk and mitigation for property owners, has secured USD $12.5 million in Series A funding as it moves to expand its insurance offering into a broader property risk management platform. The round was co-led by Crosslink Capital and Congruent Ventures, with participation from Nuveen Real Estate, which…
Reinsurance broker Howden Re has appointed David Simpson to its International broking team, based in London. He will join the firm in early 2027, following the completion of his contractual obligations with his current employer. In his new role, the broker confirmed that Simpson will be vital at driving growth across the Nordic region and…
Karen Clark & Company (KCC), a catastrophe risk modelling firm serving re/insurers and insurance-linked securities investors, says artificial intelligence could significantly change how catastrophe models are developed and updated, with implications for reinsurance pricing, underwriting and capital management. In a white paper published in August 2026, KCC says catastrophe modelling is moving from traditional statistical…
Marco Capital, the P&C legacy consolidator and parent of insurance services group PoloWorks, has agreed to acquire Pro Global, with the two businesses set to combine following completion to create one of the industry’s largest specialist insurance services businesses across Lloyd’s, the London Market and international insurance markets. “Pro Global and PoloWorks share a common…
Xceedance, a provider of technology-driven business solutions for the insurance industry, has appointed Adrian Spieler to its Board of Directors, with immediate effect. Spieler joins the Xceedance board with more than 30 years of experience spanning reinsurance, insurance and asset management. He has served as Chief Operating Officer at Convex Insurance, a specialty insurer and…
INSHUR, a global provider of embedded insurance solutions for the on-demand economy, has launched a new commercial auto insurance programme for rideshare and professional drivers across the United States. The programme is led by Mobilitas Insurance, with reinsurance support from Gen Re, and is written through Incline P&C Group. INSHUR says the programme is designed…
Addressing the media yesterday, Hon. Andre Ebanks, MP, Premier & Minister for Financial Services and Commerce, said the Cayman Islands application to the US National Association of Insurance Commissioners (NAIC) for Qualified Jurisdiction Status (QJS) would be a 16-18 month process, and would allow the jurisdiction to “mature” in the reinsurance space and “potentially grow…
Tysers, a specialist insurance and reinsurance broker, has appointed Ben Lott to its Non-Marine team in Dubai as the company continues to strengthen its capabilities across the Middle East and North Africa (MENA) region. Reporting to Amin Basbous, CEO of Tysers Dubai, Lott will work on developing the company’s property and casualty portfolio across MENA…