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West P&I, a maritime mutual insurance company that provides protection and indemnity (P&I) and other specialty insurance to the global shipping industry, has received an A- financial strength rating from S&P Global Ratings, with the ratings agency giving it a stable outlook. The rating follows continued improvement in its underwriting performance, with the insurer reporting…
Optio, an independent international professional managing general agent (MGA), has announced that international private equity firm Cinven and global investment group La Caisse (formerly CDPQ) have agreed to jointly acquire a majority stake in Preservation Capital Partners (PCP). This investment will support Optio’s next chapter by supporting the expansion of Optio’s specialty underwriting capabilities, broadening…
Tunis Re (Société Tunisienne de Réassurance), Tunisia’s national specialized reinsurance company, had a turnover of 126 million Tunisian dinars ($42.6 million) in the first half of 2026, an increase of 2.2% compared with the same period last year. The reinsurer said the achievement rate was 48% compared to the target set for fiscal 2026. The…
Innovation Growth Partners Specialty (IGP Specialty), a US-registered specialty insurance company and subsidiary of USI Insurance Services, has appointed David Nikolai as President of Projects, effective immediately. IGP Specialty was formed in November 2025 from the merger of specialty lines underwriting manager and wholesale broker US Risk and plan administrator Safehold Special Risk. Nicola brings…
QBE Re managing director Nick Hankin said the company was increasingly focusing on building long-term, meaningful relationships with a handful of key partners rather than expanding broadly across markets, which could mean being selective about where it deploys capacity. In an interview with Reinsurance News, Hankin discussed what he sees as the most attractive opportunities…
Pinion Insurance, a new technology-enabled specialty insurance company, has launched Sarrus, an upgraded, fully integrated proprietary technology platform designed to replace fragmented, outdated data exchanges in the managing general agent (MGA) space with daily portfolio visibility and audit-ready reporting. Sarrus allows MGAs to partner with reinsurers by digitizing the flow of data and information from…
Selective Insurance Group reported financial results for the second quarter of 2026, with net profit of $127.1 million and a combined ratio improvement of 98%. Net income increased 52% in the second quarter of 2026 from the same period last year, while the combined ratio decreased by 2.2 percentage points from 100.2% in the second…
Ageas Re, the reinsurance arm of international insurance group Ageas, reported strong growth in its third-party business during its January-July 2026 renewal campaign, driven by share gains in selected plans and significant new business generation. During the period, the reinsurer continued to expand its third-party business portfolio and further diversified its underwriting platform, although it…
Specialty insurance and reinsurance brokerage Price Forbes has announced the expansion of its cross-category tracking tool Lectio to include casualty insurance. Lectio initially launched in April 2021, providing Price Forbes clients and brokers with guaranteed exclusive capabilities. The platform began offering freight, physical, financial products, healthcare and marine insurance with a premium coverage of approximately…
Adam Bass has been appointed head of maritime and aviation treaties at international specialist insurer Hiscox, replacing market veteran Guy Ellis, who is retiring later this year. Bass joined Hiscox in 2006 as an art and coin underwriter, bringing extensive institutional knowledge and technical expertise to the position. He then moved to the Maritime and…