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Shareholders of Concert Group Holdings, Inc., a specialty insurance holding company known for providing customized solutions to the plan insurance market, have agreed to allow founding shareholder Freedom Underwriters LLC (Freedom) to purchase all outstanding shares of current shareholders WT Holdings, Inc. (WT) and Century Focused Fund IV, LLC (Century). The transaction is subject to…

Coalition executives say that by 2026, cyber risk will be defined less by isolated breaches and more by hidden interdependencies that lead to associated systemic losses, forcing reinsurers/insurers to demand deeper technical clarity, tighter underwriting discipline and a broader underwriting response. Several Coalition executives shared their views on the cyber landscape in 2026, expressing a…

Commercial property and casualty insurance company Zurich North America is expanding its partnership with Convr AI to increase underwriting efficiency and better serve customers through Convr’s artificial intelligence underwriting workbench. Founded in 2016, Convr AI is a company that provides commercial insurance agencies with a modular artificial intelligence (AI) underwriting, data and intelligent document automation…

London-based independent international general agent (MGA) Amiga Specialty has announced the appointment of David Filtness as Managing Director of Professional Indemnity. In his new role, Filtness will lead the development of the Amiga Professional Indemnity proposition, following its launch earlier this year, further strengthening Professional MGA’s financial product line offering. The Amiga Specialty has shown…

Mosaic Insurance, a specialty insurer focused on financial institutions and cyber risks, will increase its cyber risk tolerance in Canada to US$25 million (CAD 40 million) per risk effective January 1, 2026. The move more than doubles the insurer’s previous limit of US$10 million (C$15 million) and is designed to enable the insurer to meet…

The Insurance Managers Association of Cayman (IMAC), the professional body representing insurance managers, captive insurers and service providers and serving as the key liaison with the Cayman Islands government and regulators, has unveiled its 2026 Executive Committee at its Annual General Meeting on December 11, 2025. The new committee brings together fresh and experienced members…

AXA XL, the property and casualty division of global insurance company AXA Group, announced the appointment of Jeffrey L. Loop as its new head of media liability. Based in Los Angeles, Loop will report to Michelle Chia, chief underwriting, network, design and selection professional. In his new role, Loop will lead AXA XL in creating…

AM Best has assigned credit ratings to Bermuda-based Prismic Life Reinsurance, Ltd. (Prismic Life Re) and Prismic Life Reinsurance International, Ltd. (PL Re International) with a stable outlook. Rating agencies have assigned Prismic Life Re a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent). PL…

Bermuda’s international property and casualty (P&C) reinsurance industry’s net income increased 22.5% to $30.9 billion in 2024, up from $25.2 billion in 2023, according to the Bermuda Monetary Authority (BMA). Although the industry’s combined ratio maintained improvement compared to the 2020-2022 period, the combined ratio increased by 3.5 percentage points year-on-year, from 76.1% to 79.6%….

Bermuda-based insurer and reinsurer Everest Group has announced two senior leadership appointments within its global wholesale and specialty (GWS) insurance division. Paul Trueman has been named head of international, global wholesale and specialty products. In this role, he will oversee Everest’s underwriting, distribution and portfolio strategy in international markets and lead key businesses in the…