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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…
Verisk, a provider of data analytics and technology to the insurance and energy industries, has terminated a definitive agreement to purchase AccuLynx, a SaaS platform that provides end-to-end business management workflows for residential property contractors with roofing expertise. The decision comes after the Federal Trade Commission (FTC) informed that it would not be able to…
Reinsurance broker Guy Carpenter’s Global Property Catastrophe Online (ROL) Index fell 12% at renewal on January 1, 2026, with each risk allocation flat to down 15%, depending on region. Guy Carpenter said in his January 1, 2026 reinsurance renewal report that reinsurers continue to benefit from high attachment points, which is reflected in their lower…
HW International BV, a privately held specialist insurance brokerage group headquartered in the Netherlands, plans to adopt Dubois as its new trading name, effective in early 2026. HW International BV supports clients worldwide, providing specialist insurance advice and customized risk solutions specific to their businesses and risks. Its expertise spans fine art and collectibles, film…
Reinsurance managing general agent Whitecap Underwriting Europe sro will start its aerospace underwriting business on January 1, 2026 through its subsidiary Whitecap Aerospace. Whitecap Aerospace will deploy up to $8 million in funding from a Class A insurance company for launch, commissioning and on-orbit satellite risks. Whitecap Space Director Tim Wright will host the course…
Topsail Re, a Cayman Islands-domiciled reinsurer, will join Mutual Re’s ownership group effective January 1, 2026, joining Farm Bureau Mutual of Michigan, Farm Bureau Mutual of Kentucky, Motorists Mutual (Encova Mutual Insurance Group) and Mutual of Virginia. Mutual Re is a joint reinsurance underwriting association that underwrites business through reinsurance intermediaries and is headquartered in…
Risksmith Insurance Services, a specialist managed general underwriter (MGU) specializing in insurance solutions for complex excess and surplus (E&S) risks, has launched a seismic program that provides flexibility, deep technical expertise and underwriting appetite for difficult property risks. Risksmith’s new Difference in Condition (DIC) earthquake insurance program caters to risks that many markets typically avoid,…