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As Lao People’s Democratic Republic (PDR) flood impacts grow, the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) has released an additional US$1,137,500 payout to the country’s government and the United Nations World Food Programme (WFP) under parametric policies. Disbursed within two business days of receiving updated impact data regarding escalating flooding in the region, the…
The Lloyd’s market produced an excellent return on capital of above 20% for a third successive year in 2025, according to analysts at AM Best, with a profit before tax of GBP 10.6 billion and a return on capital of 22%, following a period of subdued overall earnings that were impacted by low interest rates,…
Bruce Willis’ wife Emma Heming Willis has opened up about trying to find the little joys following the actor’s diagnosis with frontotemporal dementia (FTD). Back in 2022, the Die Hard performer announced his retirement from acting after being diagnosed with aphasia, a condition that affects the ability to speak and communicate in other ways. The…
Antares Global, an international specialty insurance and reinsurance group, has announced the appointment of James Day as Property Treaty Underwriter – Reinsurance, further strengthening its reinsurance team. Joining the company from MS Amlin, Day brings two decades of industry experience, specialising in global and North American property treaty business, with expertise across both non-proportional and…
Mosaic Insurance, a global specialty insurer, has announced the launch of an AI Lab and Forward Deployed Engineer (FDE) Programme, designed to accelerate practical artificial intelligence (AI) adoption across its business functions. Mosaic’s AI Lab is a new unit working across its businesses to develop and deploy in-house AI capabilities that improve day-to-day operations. The…
Fitch Ratings expects strong growth in offshore life reinsurance to continue, with Bermuda remaining the dominant primary jurisdiction. Offshore reserves ceded by U.S. life insurers have nearly doubled since 2020, amounting to $1.3 trillion in 2025. This growth reflects capital optimisation, strategic partnerships between insurers and alternative investment managers, sidecar creation and record annuity sales….
AXA XL, the property and casualty specialty risk division of AXA, has appointed Rana Gillmon to the newly created role of Head of Private Equity Client Relations, Americas. The role aims to provide dedicated support and advance the risk management needs of private equity clients. In her new role, Gillmon will lead AXA XL’s private…
The makeup artist behind Katie Price’s dramatic look at this year’s National Television Awards has spoken out in her defence, after a wave of what he described as “evil” comments. On Tuesday night, the former glamour model attended the NTAs just 24 hours after undergoing cosmetic surgery. She also told her followers that she’d had…
BPL, an independent credit and political risk insurance broker, has launched BPL Surety, a new business line designed to support corporates and financial institutions seeking solutions for global guarantee requirements. Surety provides an alternative to traditional bank guarantees or standby letters of credit (SBLCs), with insurers providing guarantees on behalf of corporates to support contractual…
Berkshire Hathaway Specialty Insurance (BHSI), the commercial insurance arm of Berkshire Hathaway, has announced the promotion of Katharina Rütz to Head of Executive & Professional Lines in Germany. Rütz will continue to be based in Cologne and work with Dr. Carsten Keune, Head of Executive & Professional Lines, DACH at BHSI. She joined BHSI in…