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Specialist insurance company Brit Group Holdings Limited has launched ‘BRIDGE’, a new freight alliance offering up to $80 million in shipping capacity. According to Brit, the consortium will become one of the largest in the freight market. The insurer explained that BRIDGE will meet the needs of a range of brokers and clients, providing comprehensive…
Chaucer, the global specialty re/insurance group, and Ceto AI, a technology company specializing in predictive analytics for the maritime industry, have launched a new Maritime Managing General Agency (MGA) to operate as a Lloyd’s underwriter. Under the agreement, Ceto is authorized to bind the ship’s hull on behalf of Chaucer’s Lloyd’s consortium, with additional capabilities…
OAK Global has launched OAK Horizon, a new cross-category strategic business unit designed to capture underwriting opportunities at the intersection of climate and technology risks, supported by the capabilities of its existing Lloyds syndicates. OAK Horizon will reportedly adopt a systems-based underwriting approach that incorporates climate and technology considerations into portfolio construction. The unit is…
Peak Re, the Hong Kong-based global reinsurer, has hired Swiss Re’s Victor Kuk as its new chief executive officer (CEO), replacing co-founder Franz-Josef Hahn, who moved to special adviser after leading the company for more than a decade. Subject to regulatory approval, Cook will serve as CEO of Peak Re from April 20, 2026. He…
Relation Insurance Services, an American insurance brokerage, has acquired the assets of Chinook Insurance Group, LLC, a commercial insurance brokerage specializing in the subsea and aquaculture industries. Headquartered in Seattle, Washington, Chinook Insurance Group has additional expertise in directors and officers liability, employment practices liability, professional liability, cyber, and kidnapping and extortion. Christopher Trainer, CEO…
Pro Global, a specialist advisor to the specialty insurance industry, is accelerating its expansion in Latin America through continued investment in its regional headquarters in Argentina. This growth reflects the increasing adoption of outsourcing and hybrid operating models by international and domestic carriers, brokers and managing general agents (MGAs). Pro Global has been operating in…
Credit rating agency AM Best has assigned GUNA Re (Cayman Islands) an A- (Excellent) financial strength rating and an ‘a-‘ (Excellent) long-term issuer credit rating, with a stable outlook on these ratings. The rating is based on AM Best’s assessment of GUNA Re’s strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise…
Algorithmic Lloyd’s digital attention platform Ki has appointed Helen Rios as active underwriter of Syndicate 1618, effective from March 2026, subject to regulatory approval. In her new role, Rios will report to Ki CEO Mark Allan and join the company’s executive committee. Rios has served as director of underwriting for Ki’s casualty division since the…
Canada Life, a life insurance, pensions and investment company, has completed the full subscription of £30 million of the Phoenix Medical Supplies Pension Scheme, protecting the future benefits of more than 145 pensioners and 80 deferred members. Barnett Waddingham played a number of roles in the transaction, serving as lead broker in addition to serving…
The Tennessee Department of Commerce and Insurance (TDCI), the state agency that oversees insurance, securities and various business regulations in Tennessee, announced that 2025 marked the sixth consecutive year of growth in active captive insurance units and risk-bearing entities. TDCI Commissioner Carter Lawrence commented, “By combining responsible regulation, modern captive insurance regulations, and a professional,…