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TD Insurance (TDI) has successfully sponsored its second catastrophe bond, MMIFS Re Ltd. (Series 2026-1), which will provide additional reinsurance capacity through a C$115 million multi-year risk transfer against designated storms, earthquakes, severe convective storms, winter storms and wildfires in Canada. The reinsurance of the catastrophe bonds will provide additional protection against the above-mentioned risks…
Latham & Watkins LLP, a law firm that advises clients on complex business and regulatory matters, announced that Frank Monaco has joined its New York office as a partner in the firm’s M&A and Private Equity practice. Monaco’s practice focuses on reinsurance matters, particularly transactions involving large reinsurance portfolios. His arrival strengthens Latham’s insurance business…
Tatiana Grineva, director of insurance ratings at Standard & Poor’s, said momentum for emerging market insurers in Europe, the Middle East and Africa will continue, although geopolitics and trade tensions remain key risks to these credit conditions. Grineva highlighted the industry’s remarkable staying power during S&P’s EMEA Emerging Markets Insurers Credit Outlook 2026 event. The…
Willis Direct & Facultative (D&F) has announced the expansion of its global Property & Casualty (P&C) placement centers with the addition of Dubai and Madrid as new strategic locations. The expansion strengthens Willis’ global reach and ensures clients in these regions have direct access to complex risk solutions. Operating as a global D&F team, this…
Reinsurance broker Guy Carpenter will face headwinds as prices soften further at 1.1 2026 renewals as part of the reinsurance market, specifically real estate catastrophes, and expects this trend to continue in subsequent 2026 renewals, but management also sees ample growth opportunities in the coming months. Guy Carpenter, the reinsurance brokerage arm of Marsh, performed…
Allianz Business Group announces the opening of its Miami Latin America Center with a well-established leadership team that combines regional expertise and global capabilities. The new center significantly strengthens Allianz Commercial’s footprint in Latin America, enhancing the company’s ability to provide specialized solutions, including temporary reinsurance and commercial insurance, in several key areas including real…
Insurance is seen as a key enabler for carbon capture and storage (CCS) projects, with nearly two-thirds of leaders relying heavily on insurance to manage risk, according to a recent analysis by Marsh Risk, a Marsh Risk business. The analysis is based on insights from a survey of 504 senior UK CCS decision-makers covering the…
Specialty insurer and reinsurer SiriusPoint has appointed John Sakakeeny as chief underwriting officer (CUO) of North American property and casualty insurance, effective February 2, 2026. In his new role, Sakakeeny will provide strategic leadership to SiriusPoint’s North American insurance business’s underwriting and program management teams, drive profitable growth and strengthen technology underwriting capabilities. He will…
A recent report from AM Best shows that competitive market pressures have resulted in smaller year-over-year premium growth in the surplus lines market after years of sustained significant growth. AM Best reported that premium growth in the excess and surplus (E&S) market increased by 9.7% in the third quarter of 2025, down from 13.5% in…
Lockton Re’s proprietary analytics platform SAGE has been awarded another U.S. patent covering systems and methods for customized and real-time visualization, comparison and analysis of insurance and reinsurance structures, with additional patents pending. Key features of the platform enable customers to make faster, more informed decisions, providing greater transparency and efficiency. By turning data into…