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The Association of Bermuda Insurers and Reinsurers (ABIR), the trade association representing international insurers and reinsurers in Bermuda, and the Irish Insurance Authority, the representative body for the Irish insurance industry, are urging EU policymakers to make regulatory changes to the EU securitization framework. The groups said such changes would allow proven and well-regulated insurers…
AXA XL has appointed Sebastian Weaver as head of energy, UK and Lloyd’s, where he will lead the development and execution of the business’s underwriting strategy to drive profitable growth, strengthen risk management and expand market share. Weaver joins AXA XL from QBE where he served as director of underwriting oversight for QBE Portfolio Solutions….
Santam Limited, South Africa’s largest general insurer, reported improved underwriting profitability in 2025, with a combined ratio of 88.7%, while its Santam Re and Specialist Solutions businesses also performed well, with its non-South African gross written premium (GWP) increasing by 11% to R6.8 billion. In 2024, GWP for the entire group increased from R41.31 billion…
Lockton Re, the reinsurance business of global brokerage group Lockton, has partnered with global digital transformation consultancy Synechron (formerly Cloobees) to launch Salesforce’s agent platform Agentforce 360 ​​Platform. The launch comes as the broker embraces artificial intelligence, specifically agent AI, as a core part of its current strategy. Synechron has deep expertise in Salesforce and…
The U.S. International Development Finance Corporation (DFC) and the U.S. Treasury Department unveiled a plan to deploy maritime reinsurance, including war risk, in the Gulf region, which has been approved by President Trump. The new agreement was announced by DFC Chief Executive Officer (CEO) Ben Black and US Treasury Secretary Scott Bessent. The program is…
Global brokerage firm Brokerslink has expanded its international reach by appointing Riga-based retail broker Perks as its subsidiary in Latvia. The acquisition marks Brokerslink’s entry into a new country and strengthens its presence in the Baltic region. Founded in 2012, Perks is an independent insurance broker specializing in corporate and SME risks, including property, business…
MGA incubator Mission has announced four senior appointments as part of efforts to strengthen its UK and European operations and support its continued growth strategy. The company has appointed Abz Shipon and James Gallagher as account directors, Courtenay Davison as director of technical delivery and Rayhanah Russell as project manager. Mission provides managing general agents…
Paris-based global reinsurer SCOR is eager to expand its North American (NA) natural catastrophe (nat cat) portfolio as long as pricing remains adequate, CEO Thierry Léger said on a media call earlier this week. SCOR delivered strong performance in the fourth quarter and full year 2025, with net profits of €208 million and $851 million,…
SageSure, a U.S. residential property management general underwriter operating in the catastrophe market, and Auros Reciprocal Insurance Exchange, a policyholder-owned property insurance company, have confirmed the completion of the $175 million Gateway Re Ltd. Series 2026-2 catastrophe bond offering. The transaction further strengthens SageSure’s activities in the insurance-linked securities (ILS) market, following the recently completed…
Elitium, a new general agent incubated by Mission, has been launched to provide commercial comprehensive insurance for selected industries within the manufacturing industry, as well as property insurance for vacant residential and commercial properties that are well maintained. The company explains that the strategy employed by Elitium is rooted in traditional, expert-led underwriting. This approach…