Assured Guaranty expands into annuity reinsurance through Warwick Re acquisition

Insurance holding company Assured Guaranty Ltd. (AGL) and its subsidiaries operating as Assured Guaranty announced that it has entered the annuity reinsurance market through the acquisition of Bermuda-registered life and annuity reinsurer Warwick Re Limited (Warwick Re). Following the completion of the transaction, the company has renamed its business Assured Life Reinsurance Ltd. (Assured Life…

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Canopius names Victoria Baxter as Head of Property Treaty

International specialist property and casualty re/insurer Canopius has announced the appointment of Victoria Baxter as Head of London Property Treaties, with immediate effect. In this role, Baxter will be responsible for leading the London-based property treaty portfolio, working closely with the Canopius team in Bermuda and across Asia Pacific to ensure consistency across the business….

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Acrisure London Wholesale launches digital platform to bridge SMBs and London market

Acrisure London Wholesale (ALW) is the London-based wholesale arm of global fintech company Acrisure, and Acrisure Connect is a new digital platform designed to transform the way small and medium-sized businesses (SMBs) access the London market. The platform was developed in partnership with Verisk Specialty Business Solutions and is supported by Lloyd’s and Flux Syndicate…

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Envelop Underwriting expands Bermuda operations with senior appointment

Envelop Underwriting, the specialist underwriting platform within the Envelop Risk Group, continues to strengthen its presence with the appointment of JayLynn Hines as Vice President of Bermuda Underwriting. Hines joins the company with seven years of underwriting experience and a well-established professional background. Her appointment supports Envelop Underwriting’s continued investment in its Bermuda platform to…

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Calidris marks market entry with sidecar transaction and leadership expansion

Calidris Investment Partners, a Bermuda-based investment management firm specializing in the insurance industry, has announced its entry into the market after successfully completing its first insurance sidecar transaction and expanding its senior leadership team. The company is backed by Redbird Capital Partners as lead investor in launching George Street Re, a casualty reinsurance sidecar sponsored…

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Howden expands cyber capabilities with launch of US practice

Howden, an insurance intermediary group that provides brokerage, reinsurance and underwriting services, has announced the establishment of a dedicated US online business unit, emphasizing continued investment in professional talent to support corporate customers. The new practice is built around a senior leadership team that includes Juliet White, head of cyber; Lou Botticell, head of cyber…

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Beazley rejects latest Zurich proposal on the basis it ‘materially undervalues’ the firm

Specialist insurer Beazley confirmed its board had unanimously rejected a cash offer of 1,280p per share from Zurich, saying the offer “significantly undervalued Beazley and its long-term prospects as an independent company”. Beazley’s decision follows a detailed evaluation of the Jan. 19 proposal by the board and its advisers. Beazley said the board is fully…

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