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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…
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…
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…
mea Platform, a company specializing in AI solutions for the re/insurance industry, has partnered with Moonrock Insurance, a specialist general agent specializing in drone and emerging aviation risks, to implement mea Operations as an AI-first operating platform for the entire business. Moonrock is a digital-first MGA that is taking an AI-led approach to scaling. Rather…
Converge, a company specializing in cyber risk management and underwriting, announced the appointment of Howie Altman as chief technology officer. Altman joins Converge to enhance its artificial intelligence and data capabilities, accelerate the company’s technology roadmap, and expand its proprietary platform to support profitability. In his new role, he will further expand Converge’s artificial intelligence…
US insurance company The Hartford has announced the appointment of Julian Samuel, former head of natural resources at MS Amlin, as head of global specialty areas international marine, energy and industrial risk. Samuel joins The Hartford with more than thirty years of industry experience. Prior to his new role, the executive served as a non-executive…
SageSure, a general underwriter (MGU) specializing in U.S. catastrophe property insurance, and GeoVera Nova, a provider of earthquake, wind, residential and commercial property insurance, announced the completion of the issuance of the first tranche of Meritage Re Ltd. Series 2026-1 catastrophe bonds in the amount of $200 million. This is the first offering from Meritage…
MNK International, an independent broker at Lloyd’s of London, has announced the appointment of Jamie Illing as CEO of MNK International South Africa. He will draw on his more than thirty years of local and international insurance and reinsurance experience to lead the delivery of new services into the South African and wider Southern African…
Lemonade, an AI-powered digital insurance company, has launched Lemonade Self-Driving Car Insurance, a product designed specifically for autonomous vehicles, starting with Tesla FSD. The new product, described as the first of its kind, reduces the per-mile rate for FSD driving by approximately 50%, a reduction that represents a significant reduction in risk during autonomous driving….
London Market Group (LMG) has announced several changes to its board of directors, including the appointment of Marsh UK chief executive Chris Lay as new chairman, succeeding Sean McGovern. Convex UK chief executive Theo Butt will also join the board, succeeding SCOR chief executive Claire Macdonald. This follows Butt’s recent appointment as President of the…