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The newly formed Niyam Group has received in-principle approval from the specialist Lloyd’s re/insurance market to form Syndicate 2047, which will be managed by Polo Management Agency (PMA), part of the PoloWorks Group, and is expected to commence underwriting on 1 April 2026. The approval marks a major milestone in the group’s plans to provide…
Mutual insurance and reinsurance group Groupama has issued its first hail-focused catastrophe bond, structured as a blanket indemnity to protect its property and automotive portfolio in mainland France from annual losses caused by hail. The €120 million Quercus II Re DAC issuance is effective from January 1, 2026, has a validity period of 2 years,…
Markel Insurance, the insurance arm of Markel Group Inc., announced the appointment of Preeti Gureja as chief risk officer for the United States and Bermuda. In her new role, Gureja will lead the risk agenda for Markle’s U.S. and Bermuda insurance businesses. She will be based in New York and report to Markel Insurance Chief…
Specialty re/insurer Advanced Technology Assurance Limited (ATA) has launched new insurance instruments worth up to $750 million to support the global expansion of artificial intelligence infrastructure, an industry expected to attract nearly $7 trillion in investment by 2030. ATA’s global data center and AI infrastructure insurance facility is backed by a consortium of more than…
Global specialty reinsurance group Chaucer has appointed Les Loh as CEO of Singapore (subject to regulatory approval) and Dan Bryan as head of reinsurance for Asia Pacific, reporting to Loh. Loh will take office on March 2, 2026, and Bryan will take office in the second quarter of 2026. Loh joins Chaucer from Guy Carpenter,…
While global natural catastrophe losses totaled $244 billion in 2025, below the 10-year average, insured losses once again exceeded $100 billion, reaching $108 billion, according to Munich Re, one of the world’s leading reinsurers. 2025 is one of the years when insured losses surpass the $100 billion mark, although this is down from $147 billion…
Amiga Specialty has secured support from Lloyd’s for its Financial Institutions (FI) products, strengthening its ability to deliver specialist, underwriting-driven solutions to a wide range of financial and professional organizations across the UK, Europe and international markets. Amiga explained that its financial proposition provides asset managers, investment firms, funds, banks and fintech companies with tailor-made…
KatRisk, a provider of catastrophe risk modeling and climate analytics, has acquired Symfos, the UK company powering Orchestra’s underwriting and portfolio intelligence platform. KatRisk explained that the acquisition will combine its climate and catastrophe models with Symfos’ underwriting tools to help insurers move faster, better price risks and manage growing natural catastrophe risks. As climate…
Specialty re/insurer Hamilton Insurance Group, Ltd has promoted Susan Steinhoff to Chief Underwriting Officer (CUO) of Hamilton Re, its Bermuda-based insurance and reinsurance underwriting platform, effective January 1, 2026. In her new role, Steinhoff will lead Hamilton Re’s underwriting activities and report to CEO Adrian Daws. She succeeds Tim Duffin, who became Group CUO on…
Efe Tokmen has joined global reinsurance brokerage Gallagher Re as head of UK structured capital solutions, Reinsurance News has learned. In his new role, Tokman will focus on driving strategy and delivering capital solutions tailored to client needs. He will report to Michel Buker, chairman of Gallagher Re UK Capital Solutions. Tokmen has over 15…