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Clearwater Analytics (CWAN) has agreed to be acquired by an investment group led by Permira and Warburg Pincus with participation from Temasek in a deal valued at approximately US$8.4 billion. The deal also received strong support from Francisco Partners. Following a process to engage with strategic and financial sponsors, an independent special committee of CWAN’s…
Pinpoint UK Solutions Ltd, part of AM Specialty Insurance Group (ASIG), has received approval from Lloyd’s of London to operate as an authorized underwriter, strengthening its presence in the UK and London markets and enabling direct access to Lloyd’s through a locally established underwriting platform to support the long-term growth of its specialist insurance product…
Insurance and financial services company Canada Life has completed a £189 million comprehensive plan acquisition involving an unnamed pension scheme in the healthcare sector. The transaction successfully protected the future retirement benefits of more than 1,100 deferred members and more than 600 pension members. The acquisition is the result of nearly two years of collaboration…
According to Ivans’ 2025 Insurance Agency-Carrier Connectivity Trends Survey Report, real-time risk appetite information is the top factor influencing carrier selection, indicating that people are abandoning traditional priorities such as policy downloads. “This year’s report reveals a clear view from agencies: Automation and real-time data from carriers are critical components of building strong, lasting agency-carrier…
Prateek Singhal, executive chairman and head of reinsurance at Howden India, said India’s reinsurance industry is expected to grow significantly in 2026, driven by government initiatives, issuance of new insurance licenses and GIFT City emerging as a pioneer financial hub. This will come as no surprise to regular readers of Reinsurance News, who have seen…
Global insurance and reinsurer Everest Group has appointed Tim Carter as head of reinsurance claims for North America and James Parker as head of international reinsurance claims. Carter has been with Everest Reinsurance Company since March 2008 and was named vice president of claims in March 2019, followed by director of international reinsurance claims in…
Global reinsurance brokerage Gallagher Re has announced that Harrison Pepper will join its UK operations as executive director of its marine and energy division. Pepper joins the firm from rival broker Guy Carpenter, where he served as senior vice president of global ocean and energy for four years. The executive also previously served as a…
European property and casualty insurance runoff group Marco Capital Holdings has completed the previously announced acquisition of Dublin-based Benteler Re from Benteler Group. Benteler Re was established in January 2003. It is a non-life captive insurance company in the final sale stage. Marco said the transaction has received all necessary regulatory approvals and is now…
Marsh McLennan has appointed Mike Mathews as its global digital infrastructure leader, who will leverage the firm’s combined expertise in risk, capital and advisory solutions to serve clients in fast-growing industries. Mathews joined Marsh, a global insurance brokerage and risk advisory firm owned by Marsh McLennan, in 2020 as a managing director focused on serving…
Bermuda-based global insurer and reinsurer Lancashire Holdings Limited reports that ratings agency S&P Global Ratings has upgraded the long-term issuer credit and financial strength ratings of the company’s core re/insurance operating subsidiaries to “A” from “A-“. Meanwhile, S&P Global Ratings upgraded Lancashire Holdings’ long-term issuer credit rating to “BBB+” from “BBB” with a stable outlook….