ISF supports parametric insurance scheme to protect Indonesia’s coffee and cocoa farmers

The InsuResilience Solutions Fund (ISF) is co-financing the development and implementation of a national parametric insurance scheme designed to protect coffee and cocoa farmers in Indonesia from the escalating risks of climate change. The program is a collaboration with London-based insurtech Blue Marble Microinsurance and state-owned insurance provider PT Asuransi Jasa Indonesia (JASINDO). The Indonesian…

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Prolonged Middle East tensions may heighten volatility in terrorism and political violence coverage

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…

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Compre assumes portfolio of asbestos insurance liabilities from Amerisure

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…

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Insurers call on EU leaders for a genuine simplification package for financial services: Insurance Europe

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…

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ASR appoints Alexander Milne as Director of International Policy and Partnerships

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…

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Talanx sees record net income of €2.48bn in 2025

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…

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Lloyd’s reported to have applied to set up in India’s GIFT City

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…

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