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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…
Risk advisory, insurance brokerage and reinsurance services company Marsh has announced the appointment of Ana Gonzalez Felgueroso as head of European nuclear growth for its Marsh Risk business. In the appointment, which is effective immediately, Felgueroso will be based in Madrid and report to David Lindqvist, head of energy and power at Marsh Risk Specialty…
Willis Re, the reinsurance advisory and brokerage joint venture between Bain Capital (BCIS) and WTW, has hired reinsurance broker Gallagher Re’s Tina Thomson. Thomson brings a wealth of experience gained throughout her career in a variety of senior leadership roles in analytics, research and digital solutions. Her career spans catastrophe model providers, property and casualty…
Navium Marine, a specialist maritime managing general agent operating through the Fidelis Partnership (TFP) Pine Walk platform, has partnered with Overhaul, a global provider of cargo risk management solutions, to develop insurance products focused on real-time monitoring of cargo on artificial intelligence infrastructure. The arrangement is supported by the Lloyd’s of London market and brings…
Sompo, a global provider of commercial and consumer property, casualty and specialty re/insurance, has appointed Bart Van Gysegem as regional manager for insurance in Belgium and the Netherlands, effective immediately. It is the latest step in Sompo’s long-term growth plans in Belgium and the Netherlands, where the company last year received licenses from regulators to…
Moody’s Ratings upgraded the Insurance Financial Strength Rating (IFSR) of Italian insurance company Generali Group and its core European subsidiaries to A1 from A2. The rating outlook remains stable. The rating, which is four notches above Italy’s sovereign rating (Baa2 Stable), reflects its very strong business and financial profile, which significantly reduces its sensitivity to…
Global reinsurance brokerage and advisory firm Gallagher Re has announced a number of new leadership appointments within its program solutions team. The broker has appointed current global head of projects Andrew Moss as global chairman of project solutions. In his new role, Moss will focus on driving growth and advancing strategic initiatives. Geoffrey Lubert has…
Reinsurance broker Howden Re reported a 25% drop in risk-adjusted property catastrophe rates on a weighted average basis at reinsurance renewals on June 1, accelerating from the -14.7% and -16% declines the company recorded during January and April renewals, respectively. Howden Re’s June 1 risk-adjusted Property Catastrophe Reinsurance Online Rates (ROL) index showed continued weakness…
Acrisure Re, the reinsurance arm of global fintech company Acrisure, has forecast slightly below-average activity in the upcoming 2026 Atlantic hurricane season, but CEO Simon Hedley stressed that the industry cannot afford to be complacent and that preparedness and rigorous risk management remain vital. The 2025 Atlantic hurricane season was considered a slightly above-average Atlantic…
Insurance holding company HCI Group, Inc. has completed its catastrophe reinsurance program for the 2026-2027 treaty year, ensuring total excess of losses (XoL) limits for the period of $4.06 billion, a 16% increase from the previous treaty year. HCI acquired three reinsurance towers in the 2026-2027 treaty year (from June 1, 2026 to May 31,…