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AdA Underwriters Limited, a specialist insurance underwriting business operating in the specialist Lloyd’s re/insurance market, has secured regulatory approval to establish its own managing agency. The approval has been granted by the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) and Lloyd’s, with AdA expecting the new structure to take effect on 1 January…
MISSION, an MGA capital partner providing underwriting businesses with capital, capacity, technology, compliance and operational infrastructure, has appointed Bruno Ritchie as Strategic Advisor as the company develops its international presence. MISSION said the appointment will support its focus on the French market, where it is seeking to identify specialist underwriting teams looking to establish and…
Analysts at Jefferies said reinsurers are being viewed as a “safe haven” from AI implementation risks, but warned that if AI results in larger insurers taking share from mutuals and smaller players, demand for reinsurance could structurally reduce. In a recent research paper, analysts from investment bank Jefferies pointed out that reinsurers have been viewed…
WTW, a global advisory, broking and solutions company, has announced the launch of Radar AI Assistant, a new natural language capability within Radar Vision designed to strengthen insurance portfolio management and provide faster insights. Radar AI Assistant enables pricing, underwriting, claims and portfolio management teams to identify emerging issues and uncover hidden patterns within their…
Mayer Brown, a global law firm advising clients across business, finance and legal matters, has announced the appointment of John Grothaus as a partner in its Corporate & Securities and Global Insurance practices in Chicago. He joins the firm from Sidley Austin LLP. Grothaus advises insurance, financial services and private equity clients on a broad…
International reinsurance and insurance broker Cogent has announced the appointment of Adam Holberry as CEO Designate, effective October 1, 2026. Leveraging his significant experience leading and developing specialist insurance businesses, alongside deep relationships across the London market, Holberry will head the business into its next phase of growth, the broker states. The appointment builds on…
Fortitude Re, formed by FGH Parent, L.P. and its subsidiaries, has acquired nearly all the assets of Dayforward, a digitally native insurance technology company, through a newly formed entity that will be renamed Fortitude Life. The transaction includes Dayforward’s technology platform, distribution agreements, intellectual property, licensed insurance agency and its team, but excludes the firm’s…
Slide Insurance Holdings, Inc., a property insurance provider offering cover for homeowners and other property owners, has expanded its range of insurance products in South Carolina, adding new policy options aimed at homeowners and condominium owners across the state, including its coastal communities. Through its subsidiary, Slide Specialty Insurance Company, Slide is introducing an HO5…
As reinsurers face a market with abundant capital, shifting cedant demands, faster-moving risks and transformational AI, strategic adaptability and faster decision-making will define future market leaders, rather than relying solely on traditional underwriting judgment and disciplined cycle management, EY states. Despite robust profitability since the hard market turn in 2022, current trends suggest that the…
Gallagher Re, a global reinsurance brokerage and advisory firm, has announced the appointment of Andy Bush as Vice President, Facultative. Based in Gallagher Re’s Chicago office, Bush’s appointment further strengthens the firm’s Casualty Facultative platform and Chicago presence. He brings 14 years of insurance industry experience, including the past four years focused on reinsurance. Bush…