Latest Smartphones, Gadgets and Startups News
BP Marsh & Partners Plc, an investor specializing in early-stage financial services businesses, has announced an investment in Ventura Risk Partners Holdings Limited, a new insurance brokerage focused on energy risks at Lloyd’s and the wider London insurance market. As part of the transaction, BP Marsh acquired a 25% fully diluted shareholding in Ventura for…
Morningstar DBRS acknowledged that the reinsurance industry remains well-positioned to absorb modest losses from terrorism and political violence due to strong capital and diversified underwriting portfolios, but warned that prolonged geopolitical and military tensions in the Middle East could increase underwriting volatility, tighten reinsurance terms and prompt more selective underwriting of political risks. According to…
Compre Group Holdings Limited (Compre), an international specialist reinsurance group headquartered in Bermuda, has announced that it will assume Amerisure’s significant portfolio of asbestos insurance liabilities. Amerisure is a provider of commercial property and casualty insurance solutions to U.S. construction, manufacturing and healthcare businesses. The transaction, which involves the transfer of a significant amount of…
Insurance brokerage and risk advisory firm Lockton Companies has announced the appointment of Luke Sutton as chief commercial officer (EMEA) and Abbas Juma as head of tax (EMEA) for its Transaction Liability (TL) business. These moves mark another step forward in Lockton’s investment in a unified TL platform as it officially launches its global operations….
Ahead of the European Council in March, insurers are calling on EU leaders to deliver a real simplification package for financial services, including a comprehensive bus for financial services, to achieve clear and measurable reductions in regulatory burdens, according to the European Insurance Association. Insurance Europe notes that the accumulation of overlapping and complex regulatory…
African Specialty Risks (ASR), the developing markets-focused re/insurance group, has announced the appointment of Alexander Milne as director of international policy and partnerships. In this role, Milne will lead strategic partnerships with governments, development finance institutions, donors and philanthropic organizations to support ASR’s initiatives on resilience, climate finance and de-risking in emerging markets. He will…
Talanx Group reported a record 2025 net profit of €2.48 billion, split equally between primary insurance and reinsurance, reflecting the company’s “diversified and balanced” structure. Torsten Leue, Chairman of the Management Board of Talanx, commented: “2025 has been an extraordinary year. In the first quarter we experienced the largest natural disaster losses in the history…
Specialist Lloyd’s Insurance and Reinsurance Markets has applied to set up operations in the Gujarat International Fintech City (GIFT City), India’s first operational greenfield smart city, India Business News reported. Officials from India’s International Financial Services Center Authority (IFSCA) told the publication that Lloyd’s has applied to set up a statutory insurance and reinsurance company…
Artificial intelligence-powered editing tools are becoming a regular part of digital life, with data analytics and technology provider Verisk reporting that their growing use is affecting behavior in insurance claims. In its latest Verisk State of Insurance Fraud study, the company said 36% of consumers would consider changing claims images or documents, even if doing…
James River Group Holdings, Inc., an American specialty insurance company focused on excess and surplus lines and reinsurance solutions, announced that Kelly Hadiaris has returned to the company as senior vice president of excess casualty underwriting. She will lead the excess casualties division of the company’s excess and surplus (E&S) division and report to Todd…