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Steadfast Group, an Australian insurance broker, has announced that Amwins Group, Inc. and Dragoneer Investment Group, LLC (collectively, the Consortium) have confirmed that due diligence is in its final stages and that the key commercial terms of the draft Scheme Implementation Deed have been substantially agreed. In June 2026, Steadfast received a conditional, non-binding and…
Specialist international reinsurance broker Willis Re has reached an agreement to acquire BMS Re, US, the US reinsurance arm of independent broker BMS Group for an undisclosed sum, subject to regulatory approval and other closing conditions. The definitive agreement to acquire BMS Re, US includes BMS Intermediaries Inc., BMS Capital Advisory LLC, and the associated…
In 2025, German non-life insurers maintained strong underwriting discipline despite achieving very strong underwriting profitability, according to Fitch Ratings. In a recent report, Fitch said German non-life insurers outperformed expectations in 2025. Nevertheless, the ratings agency is maintaining its forecast for the sector’s net combined ratio at 95% for 2026, up from 92% in 2025,…
Willis Networks, a WTW business, has appointed Lynne Norledge as its Managing Director (MD) and Mark Cobham as Deputy MD. In her new role, Norledge will focus on supporting the growth of independent brokers within the Network, strengthening insurer relationships, and ensuring members continued growth. Since joining the business in 2017, Norledge has established close…
Majesco, a provider of AI-native and cloud-native software for the insurance industry, has published its latest research examining the growing gap between insurer priorities and customer protection needs. The findings are detailed in Majesco’s latest thought leadership report, The Insurance Alignment Gap: Where Insurer Priorities and Customer Protection Needs Converge…and Diverge. The report explores how…
Hampden Risk Partners’ (HRP) Syndicate 2689 at Lloyd’s has announced the appointment of James Drew as Senior Underwriter. In his new role, Drew will focus on underwriting a diverse portfolio of proportional business for top-quartile syndicates in the Lloyd’s market. His remit will also include a selective appetite for complementary MGA and company market opportunities…
According to Beazley Security’s Q2 2026 Quarterly Threat Report, the widespread adoption of agentic AI for vulnerability research drove a 36% quarter-over-quarter increase in newly disclosed vulnerabilities, while the methods attackers used to breach organisations remained largely unchanged. “The headline this quarter is that AI made the security industry’s job noisier without making the attacker’s…
EigenRisk, a provider of catastrophe risk management technology, has entered into an agreement with Weatherwatch, an Australian company specialising in storm and weather risk management services. The partnership will bring Weatherwatch’s hail event footprints into EigenRisk’s EigenPrism catastrophe risk management platform. The companies said the agreement is intended to provide insurance and risk professionals with…
ATL, the independent Lloyd’s insurance and reinsurance broker, has announced the appointment of industry veteran Sean Woollerson as Director in the Marine Division. A highly respected Marine insurance specialist, Woollerson brings 35 years of experience in the international Marine insurance market, with a wealth of expertise across Marine hull, war risks, loss of hire and…
International business insurer QBE has announced the appointment of Jamie Thompson as Global Director of Data Centres, a newly created role based in London. In this new position, Thompson will work to develop an integrated insurance proposition tailored to the evolving risks of the rapidly expanding data centre sector. Previously the head of the Financial…