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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…
Berkshire Hathaway Specialty Insurance (BHSI), Berkshire Hathaway’s provider of commercial property, casualty and specialty insurance, has appointed Rory O’Broin as global head of transaction liability. In this role, O’Broin will be responsible for overseeing BHSI’s transaction liability operations globally. He has extensive international experience in M&A related transaction liability, contingency and tax liability insurance, and…
Global reinsurer SCOR has promoted Sofia Kyriakopoulou to group chief technology, data and artificial intelligence (AI) officer, effective March 1, 2026. In her new role, she will develop a comprehensive technology, data and artificial intelligence strategy based on the company’s next strategic plan, building on existing strategy, foundation and organization. Kyriakopoulou joined SCOR in 2024…
Cyber ​​insurance and security company Coalition has released findings from its 2026 Cyber ​​Claims Report, showing a significant increase in initial ransomware demand in 2025, with a 47% year-over-year increase. Despite a sharp rise in threat actor demands, the Alliance’s data shows that 86% of affected businesses have refused to pay the ransom, a record…
Global insurance and reinsurance brokerage Howden has appointed Emily Almond as divisional chief executive officer (CEO) and Sebastiano Doria as chairman of global financial sponsorship business. The team will work alongside Howden’s existing global expertise, including its Capital, Advisory and Placement (CAP) team. The pair will be responsible for establishing and managing how Howden serves…