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Pen Underwriting, a specialist managing general agent (MGA) operating across multiple insurance classes and geographies, has increased its marine division’s yacht hull insurance underwriting capacity, increasing limits by 50% to USD/EUR 15 million, effective immediately. The enhanced capacity is provided through Vessel Protect, Pen Underwriting’s specialist yacht insurance brand. The company said the capital increase…

Brokerslink, a global brokerage firm, continues to expand its international network with the addition of three new affiliates in Central America and Asia. New additions include Somit Corredores de Seguros in Guatemala, RAS (Reunión Aseguradora Salvadoreña) in El Salvador and Trust Edge Risk Solutions in the Maldives. These companies strengthen Brokerslink’s capabilities in the retail,…

Sypher Insurance Exchange, a reciprocal homeowners insurance exchange based in Tampa, has received a certificate of authorization from the Florida Office of Insurance Regulation and expects to begin writing homeowners insurance policies across the state later this summer. Sypher founder and CEO Subhashish Dutta noted that the company brings a “fundamentally different” approach to Florida’s…

Artificial Labs, a provider of digital brokerage and underwriting technology to the specialty and commercial insurance markets, has appointed Christopher Lohmann as head of Europe to lead the company’s strategic growth and expansion across the continent. Based in Germany, Lohmann joins Artificial’s executive leadership team and is responsible for driving the company’s European strategy. His…

Global insurance and reinsurance solutions provider Allied World has opened a new regional office in the Dubai International Financial Center (DIFC), marking an important milestone in the company’s global growth strategy and strengthening its ties with brokers and clients across the Middle East. His Excellency Arif Amiri, Chief Executive Officer of the DIFC Authority, commented:…

London-based international investment firm Vitruvian Partners has agreed to make a strategic investment in Africa Specialty Risks (ASR), a re/insurance group focused on developing markets. The transaction, terms of which were not publicly disclosed, is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions. Through its partnership…

Risk advisory, insurance brokerage and reinsurance services company Marsh has announced the appointment of Ana Gonzalez Felgueroso as head of European nuclear growth for its Marsh Risk business. In the appointment, which is effective immediately, Felgueroso will be based in Madrid and report to David Lindqvist, head of energy and power at Marsh Risk Specialty…

Willis Re, the reinsurance advisory and brokerage joint venture between Bain Capital (BCIS) and WTW, has hired reinsurance broker Gallagher Re’s Tina Thomson. Thomson brings a wealth of experience gained throughout her career in a variety of senior leadership roles in analytics, research and digital solutions. Her career spans catastrophe model providers, property and casualty…