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WTW-owned insurance broker Willis has entered into a strategic partnership with Qover, the European leader in embedded insurance orchestration, to further expand its GB Affinity technology ecosystem. As part of the collaboration, Willis and Qover will deliver product-agnostic solutions designed to help businesses launch tailored insurance programs quickly and at scale, while supporting sustainability, innovation…
Pacific Life Re, the reinsurance arm of Pacific Life, announced the appointment of Dion Russell as executive vice president of commercial services and protection. Russell has over 25 years’ experience in the life insurance industry, having worked in Asia, Australia and New Zealand. His career spans primary insurance, consulting and reinsurance, giving him broad insights…
Global insurance broker Howden has announced that it is now aligning its International Growth Markets (IGM) business with its respective regions, resulting in a number of leadership appointments and regional structural changes, effective April 1, 2026. The broker explained that the IGM unit, led by Sonia Caamaño, has built and scaled fast-growing businesses and has…
Markel International, the international insurance business of Markel Group Inc., has appointed Maureen Tomlinson as head of artificial intelligence and announced the creation of an artificial intelligence support center. Markel International is part of Markel Group’s global insurance business, providing specialized insurance solutions across multiple industries and geographies. The new roles and organizational initiatives reflect…
BMO Capital Markets analysts said the property and casualty insurance market share in the MGA sector will accelerate to about 7% in 2025, with the overall MGA market growing 19% to about $94 billion, a slight slowdown from the 21% growth reported in 2024. Analysts note that excluding crop insurance, the slowdown is even more…
Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s underwriter, has announced strong underwriting results for Syndicate 5886 in 2025. Syndicate 5886’s net combined ratio was 80.9%, a year-on-year increase of 3.8%. Strong underwriting results generated a profit of £72m, marking a 27% increase in total consolidated earnings compared with 2024. Blenheim Underwriting’s 2025…
UK defined benefit (DB) pension schemes are encouraged to evaluate the various final options available as the market evolves, professional services firm Aon, which provides risk, retirement and health solutions, said. The company said the DB program will move into 2026 and bring with it a wider range of potential ending approaches. As more and…
SiriusPoint, a specialty insurance and reinsurance company, has announced changes to its business structure and will now operate through four business lines: Global Property & Casualty Programs, Global Reinsurance, Global Accident and Health and the London Market Specialty segment, which includes Lloyd’s. The new Global P&C Projects unit will combine SiriusPoint’s existing North American and…
The California Earthquake Authority’s (CEA) traditional reinsurance limits total $5.037 billion at the end of 2025, plus $2.875 billion in effective catastrophe bond protection, bringing the entity’s total risk transfer limits to $7.912 billion, up from about $7.67 billion at the end of September. In recent years, as the overall risk base has decreased, the…
Fitch Ratings has downgraded Africa Risk Capacity (ARC Ltd.)’s Insurer Financial Strength (IFS) rating to “BBB+” from “A-” and its Long-term Issuer Default Rating (IDR) to “BBB” from “BBB+”, reflecting the decline in the company’s standalone credit quality, which has been downgraded to “bb+” from “bbb-“. The adjustment in the parametric insurer’s standalone credit quality…