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Professional management general agency (MGA) Optio Group has acquired the remaining 75% of Italian MGA Heca Srl (Heca); financial details were not disclosed. The transaction gives Optio full ownership of Heca, further strengthening its position in the Italian MGA market. MGA’s initial investment in Heca was announced in October 2024, with the latest move marking…
WTW subsidiary Willis has confirmed the appointment of Alex Benson as Head of Construction and Natural Resources Claims, Asia, with the position commencing on 6 April 2026. Benson, who operates out of Singapore, will join the regional leadership team and report directly to Alex Rosati, head of claims for Asia at Willis. The appointment will…
Gryphon Holdings, an innovator in insurance and financial services solutions, has entered into a definitive agreement to acquire PrimeOne Insurance Company, a privately held specialty commercial insurance company, in an undisclosed transaction. PrimeOne is a specialty property and casualty insurance company focused on working with program managers and managing general agents in specific niche markets….
Global insurance and risk solutions company Howden has expanded its Hong Kong team with a number of strategic appointments, reflecting its focus on client service and long-term growth. Cyrus Cheung, ACII, joins as senior director of business development. Zhang brings extensive experience in enterprise risk consulting and will focus on expanding client relationships, identifying new…
Credit rating agency Moody’s Ratings expects the Indian insurance industry to benefit from continued premium growth over the medium term, supporting improved profitability. Moody’s believes this growth will be driven by strong economic expansion, rising household incomes, accelerated digitalisation, supportive tax measures and the government’s intention to reform the dominant state-owned insurance industry. While these…
In response to growing industry demands, Mosaic Insurance, a specialty insurer focused on cyber risk and financial institutions, has strengthened its North American and international transaction tax liability teams. The expansion includes the promotion of one specialist and the recent addition of four new tax risk professionals. Bill Monat, global head of transaction liability at…
CelsiusPro Group, a provider of parametric insurance solutions for climate risk, has partnered with ECOM Agroinduscial Corp Ltd., a soft commodities services group specializing in coffee, cocoa and cotton, to provide parametric insurance to Indonesian farmers exposed to climate and natural disaster risks. The initiative is funded by the University of Southern Queensland (UniSQ), Australia,…
International insurance group Fortis has updated its net operating results guidance, now expecting profits in 2025 to be significantly higher than originally forecast due to tax changes in China. The updated guidance range is now set at €1.6 to €1.65 billion, a significant increase from the previous forecast of €1.3 to €1.35 billion. The revision…
Zurich Insurance Group has submitted an improved proposal to acquire specialist insurer Beazley for 1,280p a share in cash, after the latter’s board rejected an earlier proposal which they believed significantly undervalued the company. On January 4, 2026, Zurich submitted a proposal of 1,230p per share in cash from Beazley to acquire 100% of the…
Reinsurance provider Westfield Specialty International has appointed Matthew Radbourne as collective underwriter for its power and onshore renewables sectors, based in London. Radbourne will report to Jon Hamilton, director of marine and energy. Hamilton commented: “We are delighted to welcome Matt to Westfield Specialty. His extensive experience and knowledge of the power and renewable energy…