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Australian insurance broker Steadfast Group has received a conditional, non-binding and indicative offer from Amwins Group and Dragoneer Investment Group to acquire 100% of its issued share capital for A$6.00 per share in cash, valuing the company at approximately A$7.7 billion. Amwins and Dragoneer, known as the consortium, intend to work together on the transaction,…

Global insurance brokerage, risk management and advisory firm Gallagher has acquired a majority stake in ACE Re Gallagher Arabian Reinsurance Brokers, further strengthening its commitment to supporting customers and businesses in the Kingdom of Saudi Arabia. The management team of ACE Re Gallagher Arabian Reinsurance Brokers will reportedly make a seamless transition to the new…

Willis Re, the reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has hired rival broker Guy Carpenter’s Jim Summers to lead its global specialty business with immediate effect. As CEO of the company, Summers is responsible for setting strategic direction and driving growth across all professional categories globally. The CEO will…

Aon plc, a global professional services firm providing risk, retirement and health solutions to clients around the world, has announced the appointment of Simon Hawkins as Executive Managing Director of Reinsurance within its Global Legacy team, who will join the company later this year. Hawkins will advise clients on complex legacy and run-off transactions, supporting…

Specialist reinsurer Ascot Group Limited has confirmed the appointment of Joseph Eppers as its group chief investment officer and a member of its global executive committee. The firm said the appointments were part of the ongoing development of senior leadership in its international investments business. Within Ascot Group Limited, Eppers will be responsible for developing…

Gallagher Re, the global reinsurance brokerage and advisory arm of Arthur J. Gallagher & Co., announced the appointment of Eric Schwebach as executive vice president (EVP), head of North America large personal property products. Schwebach joins Gallagher Re with more than 20 years of reinsurance brokerage experience. Throughout his career, he has developed extensive expertise…

Maximum Information has announced the launch of PsiClone, a new real-time event monitoring platform designed to help insurers, reinsurers and underwriting teams monitor portfolio risk and respond early during active tropical cyclone events. Founded in 2020, Maximum Information is dedicated to improving society’s resilience through evolving natural disaster risk models. Designed for use before and…

Lockton Re, the reinsurance arm of global insurance brokerage and risk management company Lockton, has announced the appointment of Brian Hall as Chief Solutions Developer. Hall will play a key role in advancing the company’s next-generation disaster analysis capabilities. In his new role, he will support Lockton Re’s analytics team and brokers by helping to…

Space sovereignty intelligence provider ICEYE has raised €450 million ($520 million) in a major Series F funding round led by General Atlantic, valuing it at more than €10 billion ($12 billion). Including the secondary placement, the total financing in this round exceeds 1 billion euros ($1.2 billion). The company operates the world’s largest synthetic aperture…