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Analysts at Gallagher Bassett have highlighted the shift to the “barrier principle” in Lloyd’s claims management, which places the delivery of high-quality claims services among the key fundamental responsibilities of managing agents, making it a strategic priority alongside underwriting and governance. Elevating claims management to a “barrier principle” means claims performance is no longer just…
JAB Insurance, the global insurance business of JAB Holdings, has entered into a definitive agreement to acquire its life and pensions (ULP) business from Utmost Group plc. ULP is a UK life and pensions platform with over £5bn of assets under management and services for around 290,000 pensioners. The platform operates in the UK bulk…
A recent report from Guy Carpenter, a reinsurance brokerage owned by Marsh McLennan, shows that the expansion of reinsurance capacity and reinsurance renewals at the critical time of January 1, 2026 have accelerated pricing softening in many business areas. There is ample discussion around interest rate changes ahead of the crucial 1.1 renewal season. For…
International insurance group Ageas has announced the appointment of Karolien Gielen as Managing Director Asia and Business Development, effective February 1, 2026. Gielen, currently Managing Director of Business Development (including Strategy, CDSO, M&A and Communications), will succeed Filip Coremans, who has decided to step down after more than 23 years with Fortis. According to the…
As the use of Model Context Protocol (MCP) accelerates, KYND is calling on the insurance industry to rethink its approach to cyber exposure and increase technical awareness of MCP, as it introduces new systemic risks that cyber insurers can easily overlook. Cyber risk specialist KYND has released a new white paper, MCP: The Hidden Frontier…
A recent report from Autonomous showed that growth momentum for European reinsurers has stalled after several years of outperformance, with analysts warning that maintaining top-line growth and margins will become increasingly challenging in 2026 due to a weak pricing cycle. Analysts say reinsurers will stall in 2025, pressured by a weak pricing cycle, foreign exchange…
Lee Gammon has been promoted to the newly created position of Head of Maritime and Aviation at AXIS Global Markets, the global insurance and reinsurance business of AXIS Capital, effective January 1, 2026. Gammon has been with Novae since joining the company in 2010 as a maritime liability underwriter. Following AXIS’s acquisition of Novae, he…
Globe Life Inc., a U.S. holding company specializing in life and supplementary health insurance, announced the formation of Globe Life Re Ltd. and its approval as a Bermuda C-rated insurance company to provide reinsurance support for insurance business underwritten by affiliated entities within the Globe Life Inc. group. According to Globe Life, the new Bermuda…
Howden Capital Markets & Advisory and Howden Capital Solutions will act as financial advisors to MGA platform K2 Insurance Services, which will launch Syndicate 1954 of the 2026 YOA in partnership with Dale Underwriting Partners (the trading name of Lloyd’s Syndicate 1729 of Dale Management Agency Limited). Last month, Dale Underwriting Partners and K2 received…
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…
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