Wawanesa launches WSI after acquiring Everest Canada

The Wawanesa Mutual Insurance Company (Wawanesa) has launched WSI, which marks the closing of the acquisition of Everest Insurance Company of Canada (Everest Canada), a move which aims to enhance and accelerate its diversification, growth priorities, and commercial capabilities. The acquisition was initially announced in March and approved by applicable regulatory authorities in September. Wawanesa…

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Industry reacts to proposed changes to US terrorism insurance backstop

Proposed changes to the federal terrorism insurance backstop could raise the program trigger to $10 million from $5 million and require insurers to absorb more terrorism-related losses, according to new commentary from AM Best. The proposed Terrorism Risk Insurance Program (TRIA) Program Reauthorization Act of 2026 would extend the current Terrorism Risk Insurance Program Reauthorization…

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Bold Penguin and bolttech form global partnership to develop insurance distribution offering

Bold Penguin, an AI-enabled insurance distribution technology company specialising in commercial lines, and bolttech, a global insurtech providing technology-led insurance distribution, have entered into a global strategic partnership covering the US, Europe and Asia. The partnership will focus on developing a combined offering spanning commercial and personal lines, with the companies targeting insurance agents, insurers…

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Tokio Marine HCC – CPLG promotes Jonathan Holmes as SVP, Professional Lines

Texas-domiciled Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC Group, has promoted Jonathan Holmes to Senior Vice President (SVP) of Professional Lines. This expands Holmes’ leadership across several of CPLG’s core professional liability businesses, which aligns with CPLG’s long-term goal of continued investment in its professional…

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