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The Pensions Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has agreed a £230m acquisition agreement with the trustees of the Peel Port Final Salary Pension Scheme. As one of the UK’s largest port operators, Peel Port Group handles more than 70 million tonnes of global cargo for its customers each year….

Specialist M&A tax adviser Tom Hughes has been appointed tax insurance director within Gallagher’s rapidly expanding Private Equity and M&A (PEMA) practice in Europe, the Middle East and Africa, effective January 5, 2026. Hughes, who is based in the UK and has been a professional chartered accountant and professional tax adviser for the past ten…

KBW analysts expect risk-adjusted property catastrophe reinsurance rates to fall by 15-20% during the January 2026 reinsurance renewal period, with overall declines expected to be closer to 20% in the relatively “late” season. KBW said the unchanged attachment points in each occurrence reflected the reinsurers’ generally sustained discipline. Reinsurers generally expect at least adequate performance…

Al Wathba Insurance has become the first UAE insurance company to enter the Lloyd’s of London market through the London Bridge 2 PCC structure. This strategic move, completed through Cell 27 of London Bridge 2 PCC, an Insurance Linked Securities (ILS) structure, marks a significant evolution in Al Wathba’s growth strategy. It enables the company…

Everest’s Jill Beggs said her company will continue to seize emerging opportunities through 2026 while delivering strategic and economically sustainable results, with a long-term, disciplined perspective that has guided the company through past cycles and expects it to do so in the coming years as well. In a recent interview with Reinsurance News, Beggs, the…

Spanish insurance company MAPFRE has announced that it is restructuring its asset management company MAPFRE AM, creating new divisions and redefining responsibilities. As part of this initiative, MAPFRE has created a strategic project development and innovation area that will integrate initiatives already underway, such as the merger of the Aladdin technology platform announced by the…

PointBridge, a general underwriter (MGU) specializing in professional liability insurance, has launched a new recognition physician malpractice program in partnership with reinsurer/insurer Aspen. The new professional liability plan for physicians and surgeons, offering modern and competitively priced coverage, is scheduled to launch nationwide on January 1, 2026. According to the announcement, initial market rollout will…

Independent insurance and reinsurance broker BMS has announced the appointment of Charlie Emkes to the newly created role of Director of Commercial Directors and Officers (D&O) Solutions, effective January 2026. In his new role, Emkes will coordinate with other BMS and DR&P colleagues to advance the company’s commercial D&O strategy and lead new business development…

AM Best has placed a review on the credit ratings of Vantage Risk Ltd. (Bermuda) and its affiliates, the impact of which is emerging, following Howard Hughes Holdings’ (HHH) announcement that it will acquire Vantage Group from Carlyle and Hellman & Friedman. These include an A- (Excellent) financial strength rating and an “a-” (Excellent) long-term…

Clearwater Analytics (CWAN) has agreed to be acquired by an investment group led by Permira and Warburg Pincus with participation from Temasek in a deal valued at approximately US$8.4 billion. The deal also received strong support from Francisco Partners. Following a process to engage with strategic and financial sponsors, an independent special committee of CWAN’s…