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Fitch Ratings expects strong growth in offshore life reinsurance to continue, with Bermuda remaining the dominant primary jurisdiction. Offshore reserves ceded by U.S. life insurers have nearly doubled since 2020, amounting to $1.3 trillion in 2025. This growth reflects capital optimisation, strategic partnerships between insurers and alternative investment managers, sidecar creation and record annuity sales….
AXA XL, the property and casualty specialty risk division of AXA, has appointed Rana Gillmon to the newly created role of Head of Private Equity Client Relations, Americas. The role aims to provide dedicated support and advance the risk management needs of private equity clients. In her new role, Gillmon will lead AXA XL’s private…
The makeup artist behind Katie Price’s dramatic look at this year’s National Television Awards has spoken out in her defence, after a wave of what he described as “evil” comments. On Tuesday night, the former glamour model attended the NTAs just 24 hours after undergoing cosmetic surgery. She also told her followers that she’d had…
BPL, an independent credit and political risk insurance broker, has launched BPL Surety, a new business line designed to support corporates and financial institutions seeking solutions for global guarantee requirements. Surety provides an alternative to traditional bank guarantees or standby letters of credit (SBLCs), with insurers providing guarantees on behalf of corporates to support contractual…
Berkshire Hathaway Specialty Insurance (BHSI), the commercial insurance arm of Berkshire Hathaway, has announced the promotion of Katharina Rütz to Head of Executive & Professional Lines in Germany. Rütz will continue to be based in Cologne and work with Dr. Carsten Keune, Head of Executive & Professional Lines, DACH at BHSI. She joined BHSI in…
Since Emma Willis, Josh Widdicombe and Johannes Radebe were announced as the hosts of Strictly Come Dancing earlier this year, fans of the long-running BBC dancing show have been speculation as to exactly how they will navigate presenting the show as a trio. Back in May, before the new presenting team was officially announced, The…
The BBC has confirmed that the current season of RuPaul’s Drag Race UK will be the last with the corporation. On Wednesday night, the broadcaster confirmed that Drag Race UK had been axed after eight seasons (as well as three iterations of its international RuPaul’s Drag Race UK vs The World format). “As the BBC…
RB Jones Global has announced the launch of RB Jones DIFC in the Dubai International Financial Centre (DIFC), a new specialist MGA that expands its international underwriting offering and supports clients with tailored risk solutions. The MGA will offer underwriting solutions across property and construction, as well as renewables and power generation, for clients across…
Credit rating agency AM Best has upgraded Singapore Re’s Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed its Financial Strength Rating (FSR) of A (Excellent). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR is stable. The ratings reflect…
CatIQ, the independent Toronto-based catastrophe insurance data provider and subsidiary of PERILS, has revised its industry loss estimate for the severe storm outbreak in Saskatchewan and Manitoba, Canada, to CAD 923 million. The updated figure, issued three months post-event, represents a notable increase from the initial 45-day assessment of CAD 850 million, with commercial property…