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Sapiens International Corporation NV, a global provider of software solutions for the insurance industry, announced that a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) has invested in the company and became a significant minority shareholder. The investment marks a step forward for Sapiens following its acquisition by Advent last year and will help…
David Flandro, head of industry analysis and strategic consulting at Howden Re, observed that a defining feature of June 1 renewals was the dichotomy between rising inflation, interest rates and risk premiums, and the direction of reinsurance pricing, with the soft pace in “increasingly stark” contrast to the broader economic and risk environment in which…
Canopius Group, the international specialist property and casualty (P&C) re/insurer, has announced the appointment of Steve Parry as Group Chief Claims Officer, effective August 2026. Parry will join the Canopius Group leadership team and report to Canopius Group CEO Neil Robertson. He brings extensive global experience, including leading complex multi-region claims operations, as well as…
Pen Underwriting, a specialist managing general agent (MGA) operating across multiple insurance classes and geographies, has increased its marine division’s yacht hull insurance underwriting capacity, increasing limits by 50% to USD/EUR 15 million, effective immediately. The enhanced capacity is provided through Vessel Protect, Pen Underwriting’s specialist yacht insurance brand. The company said the capital increase…
Brokerslink, a global brokerage firm, continues to expand its international network with the addition of three new affiliates in Central America and Asia. New additions include Somit Corredores de Seguros in Guatemala, RAS (Reunión Aseguradora Salvadoreña) in El Salvador and Trust Edge Risk Solutions in the Maldives. These companies strengthen Brokerslink’s capabilities in the retail,…
Sypher Insurance Exchange, a reciprocal homeowners insurance exchange based in Tampa, has received a certificate of authorization from the Florida Office of Insurance Regulation and expects to begin writing homeowners insurance policies across the state later this summer. Sypher founder and CEO Subhashish Dutta noted that the company brings a “fundamentally different” approach to Florida’s…
Artificial Labs, a provider of digital brokerage and underwriting technology to the specialty and commercial insurance markets, has appointed Christopher Lohmann as head of Europe to lead the company’s strategic growth and expansion across the continent. Based in Germany, Lohmann joins Artificial’s executive leadership team and is responsible for driving the company’s European strategy. His…
AXIS Capital Holdings Limited, a Bermuda-based global insurance and reinsurance company, has announced the appointment of Austin Su as Head of North America Alternative Risks. In her new role, Su will lead the development and execution of AXIS’ alternative risk and structural casualty strategies in North America. Reporting to Anna Tan, head of wholesale casualty…
Global insurance and reinsurance solutions provider Allied World has opened a new regional office in the Dubai International Financial Center (DIFC), marking an important milestone in the company’s global growth strategy and strengthening its ties with brokers and clients across the Middle East. His Excellency Arif Amiri, Chief Executive Officer of the DIFC Authority, commented:…
London-based international investment firm Vitruvian Partners has agreed to make a strategic investment in Africa Specialty Risks (ASR), a re/insurance group focused on developing markets. The transaction, terms of which were not publicly disclosed, is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions. Through its partnership…