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DUAL Europe appoints Frank Masteling as Managing Director of DUAL Benelux

DUAL Europe, the European arm of international underwriting agency DUAL Group, has appointed Frank Masteling as Managing Director of DUAL Benelux. In addition to his new responsibilities, Mastrin will continue in his existing role as Head of European Trade Credit, reflecting DUAL Europe’s continued investment in leadership and its long-term commitment to the Benelux market….

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Suncorp lifts main cat reinsurance cover for FY27

Australian insurer Suncorp has completed its 2027 core reinsurance renewals, providing catastrophe cover for losses of A$500 million to A$6.4 billion, in addition to its previously announced five-year total reinsurance arrangement providing A$800 million in annual cover, providing up to A$2.4 billion in cover over that period. Despite continued weakness in catastrophe reinsurance, Suncorp expects…

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Generali GC&C names Nuno Antunes as Global Head of Client & Broker Relationship Management

Generali Global Corporate & Commercial, a division of Generali Group, has announced the appointment of Nuno Antunes as Global Head of Client and Broker Relationship Management. In his new role, Antunes will be responsible for leading the organization’s client and broker relationship strategy globally, working closely with teams across markets to support consistent service delivery…

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Moody’s turns positive on Klapton Re

Zambia-based international reinsurer Klapton Reinsurance has been upgraded to a positive outlook by credit rating agency Moody’s, while the company has also affirmed Klapton Re’s Insurance Financial Strength Rating (IFSR) of Caa1. Moody’s explains that these changes reflect Klapton Re’s growing premium size and market influence as a smaller reinsurer focused on less mainstream reinsurance…

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Antares backs affirmative cyber war cover for US essential-services providers

Antares’ Lloyd’s Syndicate 1274 supports a new aggressive cyberwarfare cover targeting U.S. critical infrastructure and essential service providers. These include operators of electricity, water, gas and electricity infrastructure who have a clear and obvious need to be protected from hostile states and state-sponsored actions. The wording, developed in conjunction with Canopius and approved by Lloyd’s,…

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Travelers launches proprietary LLM tailored to property casualty business

The Travelers Companies, Inc., a provider of property and casualty insurance for auto, home and business, has developed TravelersLLM, a proprietary large language model tailored specifically for its property and casualty business. Trained on millions of company documents and built by Travelers engineers and data scientists, TravelersLLM builds on the company’s domain expertise by enhancing…

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Swiss Re CorSo appoints new Head of Commercial Growth Initiatives for Alternative Risk Transfer

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re, has appointed Yann Krattiger as head of commercial growth initiatives for Alternative Risk Transfer (ART). The company said Krattiger has helped shape its alternative risk transfer offerings over the years, contributing extensive expertise and a collaborative approach to complex risk challenges. Swiss Re Corporate…

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AM Best sees shift towards underwriting discipline as delegated authority market expands

AM Best, a global credit rating agency, said that although insurance companies have become increasingly picky about the underwriting capabilities they provide and pay more attention to underwriting performance and long-term profitability, the delegated underwriting enterprise (DUAE) market still maintains strong growth momentum. in its latest Best’s segment market reporting, managing general agents adapting to…

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