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Antares backs affirmative cyber war cover for US essential-services providers

Antares’ Lloyd’s Syndicate 1274 supports a new aggressive cyberwarfare cover targeting U.S. critical infrastructure and essential service providers. These include operators of electricity, water, gas and electricity infrastructure who have a clear and obvious need to be protected from hostile states and state-sponsored actions. The wording, developed in conjunction with Canopius and approved by Lloyd’s,…

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Canada Life closes £48m buy-in with oil and gas industry pension scheme

Canada Life, a British insurer that provides life insurance and pension risk transfer services, has completed a £48 million acquisition of the oil and gas industry pension scheme. The deal secures future benefits for more than 500 pensioners and deferred members. WTW serves as lead broker and also provides plan actuary, administration through its OneDB…

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Travelers launches proprietary LLM tailored to property casualty business

The Travelers Companies, Inc., a provider of property and casualty insurance for auto, home and business, has developed TravelersLLM, a proprietary large language model tailored specifically for its property and casualty business. Trained on millions of company documents and built by Travelers engineers and data scientists, TravelersLLM builds on the company’s domain expertise by enhancing…

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Swiss Re CorSo appoints new Head of Commercial Growth Initiatives for Alternative Risk Transfer

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re, has appointed Yann Krattiger as head of commercial growth initiatives for Alternative Risk Transfer (ART). The company said Krattiger has helped shape its alternative risk transfer offerings over the years, contributing extensive expertise and a collaborative approach to complex risk challenges. Swiss Re Corporate…

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AM Best sees shift towards underwriting discipline as delegated authority market expands

AM Best, a global credit rating agency, said that although insurance companies have become increasingly picky about the underwriting capabilities they provide and pay more attention to underwriting performance and long-term profitability, the delegated underwriting enterprise (DUAE) market still maintains strong growth momentum. in its latest Best’s segment market reporting, managing general agents adapting to…

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TFP’s Syndicate 3123 secures $75m of multi-year nat cat reinsurance via first cat bond

Specialty insurance and reinsurance group Fidelis Partnership (TFP) has announced that one of its Lloyd’s syndicates, Syndicate 3123, has successfully secured $75 million in reinsurance protection from the capital markets through its first catastrophe bond transaction, Woody Re 2026-1. The catastrophe bond notes have a three-year term ending on June 30, 2029, through a segregated…

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ICEYE expands wildfire intelligence capabilities to Canada, offering new tools for re/insurers

ICEYE, the company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, has announced the expansion of its wildfire intelligence capabilities into Canada, a country of high concern. A country hit by wildfires. A recent report from the Canadian Climate Institute highlighted the surge in wildfire activity, noting that three of the worst…

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Florida insurers secure additional $5-$7bn reinsurance coverage at mid-year renewals: Aon

According to Aon’s recent Reinsurance Market Dynamics report, Florida insurers enter mid-year renewals in a strong position, securing an additional $5-7 billion in reinsurance underwriting as ample supply is sufficient to meet growing demand. In addition to stronger balance sheets, Florida insurers began mid-year renewals and improved underwriting performance, marked by recent legal reforms to…

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Malibu Life establishes US retail annuity origination platform with TruSpire acquisition

Malibu Life Holdings Limited, a London Stock Exchange-listed insurance holding company focused on the U.S. retirement and annuity market, has completed the acquisition of TruSpire Retirement Insurance Company, which will be renamed Malibu Life USA. The acquisition was initially announced in October 2025, when Malibu Life signed a definitive agreement to acquire TruSpire. TruSpire (now…

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