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European private equity firm IK Partners announced that its IK Small Cap IV Fund has acquired a majority stake in French multi-specialty insurance brokerage Ascora Group. The transaction, which takes the form of a management buyout (MBO), is intended to facilitate the succession of the company’s founders while accelerating the group’s expansion in France. Founded…
Property & Casualty Insurance Hong Kong, a subsidiary of Property & Casualty Insurance International Holdings Limited, announced the appointment of Will Wang as head of casualty insurance business in Hong Kong, Macau and Taiwan. The appointment will be effective on December 29, 2025. Wang will be based in Hong Kong and will report to Sompo…
The Cayman International Reinsurance Association (CIRCA) has announced its 2026 board of directors and leadership team to continue to grow the reinsurance industry in the Cayman Islands. Greenlight Re Group Chief Financial Officer Faramarz Romer will serve as Chairman of the CIRCA Board of Directors in 2026. Vice Chairman of the Board of Directors are…
Lloyd’s and regional marine and specialist insurer AdA have announced that AdA Syndicate 2024 has received “underwriting approval” for Lloyd’s 2026 accounts. AdA Underwriters was founded in May 2023 by Natasha Jodrell, James Grainger and Paddy Riordan, with the aim of establishing a professional syndicate within Lloyd’s of London, part of the Probitas management agency….
Sun Life, an international financial services company that provides a wide range of insurance, wealth and asset management solutions, has been authorized by the Dubai Financial Services Authority to establish an office in the Dubai International Financial Center (DIFC). The new DIFC office will be led by Senior Executive Officer Sameera Anand and will begin…
Hannover Re US announced the appointment of Tiffany Norman as President and Chief Executive Officer of Hannover Re, effective January 1, 2026. This appointment is an update to the September 3, 2025 announcement of Clint Thompson, who was to succeed Pete Schaefer. For personal reasons, Thompson has chosen to transition to a new role as…
The latest data from the Bermuda Monetary Authority (BMA) shows that Bermuda’s commercial long-term insurance industry will continue to grow in 2024, with gross premiums (GWP) increasing by 17.8% year-on-year to US$200.1 billion, and total assets increasing by 19.1%. The Bermuda Long-Term Insurance Market Analysis and Stress Test Report attributes this growth to increased demand…
Paul Murray, CEO of Swiss Re Life & Health Re, said that higher interest rates will bring strong profitability to the life and health sector in 2025, but reinsurers/insurers will need to seriously address emerging risks such as mental health, metabolic health, mortality trends and upgraded technologies as they enter 2026. According to data from…
Barbados-based reinsurer Active Capital Reinsurance, Ltd. (Active Re) has received authorization as a recognized reinsurer in Argentina. This is in line with the reinsurer’s long-term disciplined and selective growth strategy to strengthen its footprint in each of Latin America’s key regional markets. Active Re said the approval enables the company to participate in a market…
Australia-based global insurance and reinsurer QBE has now successfully completed its latest cat bond issuance to secure a US$400 million international peak risk reinsurance issue by Bridge Street Re Ltd. (Series 2025-2). This is Bridge Street Re’s second issuance of notes and will provide QBE and certain of the company’s underwriting subsidiaries with a $400…