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Morningstar DBRS acknowledged that the reinsurance industry remains well-positioned to absorb modest losses from terrorism and political violence due to strong capital and diversified underwriting portfolios, but warned that prolonged geopolitical and military tensions in the Middle East could increase underwriting volatility, tighten reinsurance terms and prompt more selective underwriting of political risks. According to…

Compre Group Holdings Limited (Compre), an international specialist reinsurance group headquartered in Bermuda, has announced that it will assume Amerisure’s significant portfolio of asbestos insurance liabilities. Amerisure is a provider of commercial property and casualty insurance solutions to U.S. construction, manufacturing and healthcare businesses. The transaction, which involves the transfer of a significant amount of…

Insurance brokerage and risk advisory firm Lockton Companies has announced the appointment of Luke Sutton as chief commercial officer (EMEA) and Abbas Juma as head of tax (EMEA) for its Transaction Liability (TL) business. These moves mark another step forward in Lockton’s investment in a unified TL platform as it officially launches its global operations….

African Specialty Risks (ASR), the developing markets-focused re/insurance group, has announced the appointment of Alexander Milne as director of international policy and partnerships. In this role, Milne will lead strategic partnerships with governments, development finance institutions, donors and philanthropic organizations to support ASR’s initiatives on resilience, climate finance and de-risking in emerging markets. He will…

The Managing General Agents Association (MGAA), the representative body for UK Managing General Agents (MGAs), welcomes the launch of REG Risk 365 by REG Technologies. The new module is part of the REG network and is designed to enhance counterparty governance across the insurance distribution chain. The launch of REG Risk 365 comes at a…