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Getlink, the company that manages and operates the Channel Tunnel infrastructure between France and the UK, has reached an agreement with its insurers to provide compensation of approximately €55 million for ElecLink’s operational losses following the suspension of its activities at the end of 2024. The outage was caused by a failure of the ElecLink…
Holding company Howard Hughes Holdings Inc. has agreed to acquire 100% of specialty insurer and reinsurer Vantage Group Holdings Ltd. in an all-cash transaction of approximately $2.1 billion, subject to customary regulatory approvals. Founded in 2020, Vantage has become a global insurer and reinsurer offering a diversified global property and casualty (P&C) portfolio supported by…
MGA’s Volt Underwriting, established to support clients and brokers active in the energy sector, has updated its binder underwriting conventional and renewable energy generation and midstream risks, increasing its line size to $50 million in 2026. As part of the renewal, Volt reportedly received expanded coverage that provides MGA with coverage for traditional power construction…
As the reinsurance industry approaches the January 1 renewal season, Carmen Bueso, chief non-life underwriting officer (CUO) of Spanish reinsurance company MAPFRE Re, noted that while the current market provides opportunities, the industry must avoid repeating the mistakes of the past. Looking ahead to the upcoming renewal season, Bueso told Reinsurance News that conditions are…
Amiga Specialty, a specialist managing general agent (MGA) backed by BP Marsh, has strengthened its trading risk desk, expanding its presence in Europe with the hiring of a team that includes Sam Batchelor as head of European trading risk, Meea Keziah Cabansag as underwriter and George Brain as assistant underwriter on the board. In his…
PRISM, a new managing general agent (MGA) founded by industry veterans and supported by Convex and Efinity Insurance Solutions (EIG), has officially launched in Singapore and Hong Kong and will begin underwriting on 18 December 2025. According to reports, PRISM will bring new capabilities, technology and expertise to the Asia-Pacific specialty market, combining underwriting talent…
Richard Keegan is a specialist property reinsurance and retrocession broker, joining specialist reinsurance broker Willis Re after nine years with Guy Carpenter. Keegan has 15 years’ experience in the industry and has focused his entire career in Bermuda on building strong, trust-based relationships with key buyers and markets. The executive started out as an assistant…
Beazley’s board of directors has appointed Paul Bantick, the company’s group chief underwriting officer, as executive director, effective January 1, 2026. Bantick currently leads the strategic direction of Beazley’s specialist underwriting portfolio, ensuring strong alignment between the group’s growth objectives and underwriting discipline. He oversees a broad range of insurance classes covering property and professional…
Law firm DAC Beachcroft has warned of a surge in product liability claims following the rise of the popular glucagon-like peptide 1 receptor agonist (or GLP-1), a drug used to manage obesity. Despite the health benefits of drugs like Ozempic and Wegowy, their rapid adoption has triggered a wave of legal challenges in the United…
Fitch Ratings assigns a ‘neutral’ global industry outlook for insurance to 2026, reflecting a stable operating environment in most markets and the industry remaining resilient despite increasingly challenging conditions in specific markets. While the overall situation remains stable, the rating agency noted that deterioration in some regions remains limited to the UK London market, Global…