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Markel Insurance, the insurance arm of Markel Group Inc., announced the appointment of Grant Smith as director of ocean freight for Markel International. In his new role, Smith will lead the development of the marine business, integrating Markel International’s Hull & Hull Wars, MECO, Marine & Energy Liability and Transportation & Logistics categories into one…
Resolution Life, a global life insurance group focused on reinsurance and the acquisition and management of life insurance policy portfolios, has announced that its Bermuda-based reinsurance platform Resolution Re has entered into a new UK Pension Risk Transfer (PRT) deal with a leading UK insurer. According to Resolution Life, the agreement is the company’s fourth…
MSIG USA, the insurance arm of global insurance company MS&AD Insurance Group Holdings, announced its participation in an innovative investment structure with KfW Group subsidiary DEG. DEG launched the initiative during the Hamburg Sustainability Conference, leveraging $500 million in funding to mobilize private capital to support sustainability projects in emerging and developing markets. Under the…
Gallagher, an international insurance brokerage, risk management and advisory firm, has launched a new multi-person self-insured policy targeting high-net-worth individuals in the United States. The company said the launch broadens its U.S. private client proposition, offering eligible clients an alternative insurance structure with greater flexibility, greater control and expanded product choices. Gallagher said the new…
Global insurance intermediary platform ANV Group Holdings Ltd. has completed the acquisition of London-based specialist insurance distribution platform Iris Insurance Brokers Ltd. Founded in 2000, Iris operates through three core divisions: Lloyd’s Wholesale Broking, Blink Intermediary Solutions and Vivid Underwriters. The integration of these divisions enables ANV to expand its retail and wholesale distribution network…
Blenheim Partnerships, the specialist underwriting arm of White Bear Group, has launched a new political risk insurance solution for the carbon credits market, including adjustments for CORSIA. According to Blenheim Partnerships, the launch is in response to growing demand for insurance products that support changing regulatory requirements around carbon credits. The company said the Carbon…
Credit rating agency AM Best has assigned Swiss Ikano Re AG a financial strength rating of A (Excellent), a long-term issuer credit rating of “a” (Excellent), and a stable outlook. The founding family of global retail store brand IKEA is the majority shareholder of Ikano Re. The reinsurer provides reinsurance protection for risks associated with…
As Europe breaks record temperatures, many actors need to work together to build climate resilience, with the insurance and reinsurance industry acting as “risk translators” to help unite fragmented adaptation efforts, CUO P&C Re Gianfranco Lot highlighted at Swiss Re’s inaugural Swiss Resilience Day. The summit, held at Swiss Re’s Global Dialogue Center in Ruschlikon,…
AXA XL, AXA’s property, casualty and special risks division, has appointed Matt Rodliff as chief claims officer, Americas, effective July 13, 2026, based in Boston. Rodliff succeeds Jim DiVigilio, who elected to retire at the end of July. He will remain in an advisory role until the end of the year to support a smooth…
The latest analysis of the UK financial services industry by Ernst & Young Financial Services shows that M&A transactions increased significantly in the first half of 2026, with announced or completed transactions increasing by 25% year-on-year, and transaction value increasing eightfold. The total disclosed value of UK financial services transactions increased to £33.7bn in 1H26,…