Category: News

Lloyds Banking Group Pension Trust Ltd has entered into three new longevity insurance and reinsurance deals to protect a further £4.8bn of pension liabilities against the risk of unexpected increases in members’ life expectancy. The new arrangements cover pensioner liabilities across the three main schemes. The £3.1 billion deal for Lloyds Bank Pension Scheme No….

Global brokerage firm Brokerslink has expanded its presence in Africa with the addition of agency brokers, its first foray into Mauritius. This new affiliation aims to strengthen Brokerslink’s presence in the region, making Mauritius the 42nd African country in its wider international network. Established in 2016, Proxy Brokers is fully Mauritian owned and supported by…

Global MGA incubator Mission has announced that it has reached an agreement to support the new team in launching UK managing general agent (MGA) Kovrilo, which is expected to go live in early 2026. Kovrilo is a flexible, technology-driven underwriting platform that will provide small and medium enterprise (SME) customers with a range of tailor-made…

Commercial property and casualty insurer Zurich North America has announced the appointment of Jim Villa as global head of accident and health (A&H). Villa has nearly 35 years of industry experience and joins Zurich from Arch Insurance Group, where he served as senior vice president of A&H strategy and distribution. Prior to that, he served…

Nearly two-thirds (66%) of organizations globally plan to increase cybersecurity investments in the coming year amid today’s evolving threat landscape, according to new research from Marsh, an insurance broker, risk advisor and business unit of Marsh McLennan. Marsh’s recent report, “Cyber ​​Catalyst Report: Guiding Priorities for Cyber ​​Investments,” draws insights from more than 2,200 cyber…

Ivans, a division of Applied Systems, has released its November 2025 Ivans Index results, showing average premium renewal rates increasing year over year for commercial auto, business owner’s policy (BOP), general liability, commercial real estate and Umbrella. On the other hand, premium renewal rates have declined during the workers’ compensation period. Compared with the previous…

Navium Marine, a specialist marine-focused Managing General Agency (MGA) operating through Fidelis Partnership’s Pine Walk platform, has launched the Constellation Consortium, the largest satellite pre-launch consortium in the Lloyd’s market. The consortium will draw on capacity in approximately 10 markets, offering a total cap of $75 million. Navium is leading the effort under the direction…

China Reinsurance (Group) Co., Ltd. (hereinafter referred to as “China Re Group”) announced that it had obtained the qualification of Zhuang Qianzhi as chairman of the board of directors approved by the State Financial Supervision Administration on December 8, 2025. Previously, China Re Group announced in September 2025 that He Chunlei, the company’s chairman, executive…

Ledger Investing has launched Korra, an independent SaaS platform company designed to bring efficiency, transparency and intelligence to the casualty reinsurance and insurance-linked securities (ILS) markets. Korra connects insurers, MGAs, reinsurers and institutional investors through an integrated suite of applications and AI-driven workflows, supporting the entire reinsurance lifecycle – from pricing and structuring to performance…

Credit rating agency AM Best has assigned Florida Insurance and Reinsurance Company (Florida Re), a subsidiary of global independent reinsurance group MNK Group Holdings, a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent). Meanwhile, London-based MNK Group has received a long-term ICR of “bbb-” (good), with…