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ACORD, the global standards-setting body for the insurance industry, has announced the appointment of Lloyd’s Market Association’s Joe Brace and Nationwide’s Jennifer Kyung to its Board of Directors. The new Directors join an existing Board representing ACORD member organisations from across the insurance industry. Brace has served as Operations Director of the Lloyd’s Market Association…
Omnia Re and Neema Insurance Managing Agency have partnered to expand access to specialist reinsurance solutions across Africa and other emerging markets. Under the agreement, Omnia Re has appointed Neema as its sole underwriting partner for all African cedants and risks, providing a “unique platform” through which the market can access Omnia Re’s capacity and…
Credit ratings agency AM Best’s new composite report on Asia-Pacific (APAC) reinsurance companies has disclosed that the region reversed 2024’s revenue decline, posting a 4% increase in net insurance service revenue in 2025, driven primarily by overseas business. This increase comes on the heels of Asia’s insurance markets becoming more competitive with softer market conditions,…
Credit rating agency AM Best has raised the financial strength and credit ratings of Milli Re, a Türkiye-based reinsurer, following an improvement in the company’s risk-adjusted capitalisation and broader balance sheet fundamentals. The ratings agency has upgraded Milli Re’s Financial Strength Rating (FSR) to B- (Fair) from C++ (Marginal), while its Long-Term Issuer Credit Rating…
Talbot Underwriting Ltd, an international insurer and reinsurer and part of AIG, has appointed Peter Bremner as Active Underwriter for Lloyd’s Syndicate 1183. Bremner brings 20 years of industry experience, with extensive Lloyd’s market expertise, strong market relationships and a track record of underwriting leadership and profitable growth. He joins Talbot from Everest, where he…
Broadstone, an independent UK financial services consultancy, has announced the appointment of Matthew Ford as Head of its Insurance Advisory & Remediation division. Ford brings deep practitioner expertise in delivering client-centric solutions across the insurance market and has held various leadership positions at both consulting and insurance firms. He joins Broadstone from Milliman, where he…
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…