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AM Best upgraded its ratings on Arch Capital Group and its subsidiaries, citing the company’s strong operating performance and track record of delivering superior underwriting performance and investment returns even in soft markets. Notably, AM Best upgraded the Long Term Issuer Credit Rating (Long Term ICR) to “aa” (Senior) from “aa-” (Senior) and affirmed the…

Previsico, provider of a flood forecasting and real-time flood risk intelligence platform, has appointed Mark Pinkerton as chief technology officer (CTO). In his new role, Pinkerton will oversee the company’s global technology strategy, product development and engineering operations, playing a key role in Previsco’s expansion of its global forecasting capabilities. The executive joins the company…

Investment banking and financial services firm TD Cowen has shared key observations on the casualty market from a recent meeting with reinsurance players in Bermuda. Analysts said major casualties still appear to be succeeding in increasing premiums, especially for U.S. general liability lines. In reinsurance, rates were generally flat, although cession commissions faced progressive reduction…

Farmers Insurance Exchange and its subsidiaries and affiliates (collectively, Farmers Insurance Group) have issued $400 million in catastrophe bonds to provide indemnity-based insurance to complement its traditional catastrophe reinsurance program. Swiss Re Capital Markets and Howden Capital Markets & Advisory (HCMA) acted as joint structuring agents and joint bookrunners for the catastrophe bonds, which were…

Global reinsurance brokerage Gallagher Re has announced the creation of a new dedicated captive risk transfer team across its global concurrent business, with Martin Hughes as executive vice president of captives, effective January 1, 2026. The broker explained that the new business will provide tailor-made temporary and structured reinsurance solutions to single-person insurance companies of…

Brit Insurance group chief operating officer Jon Sullivan said January 1 this year was “very late” for policy renewals and reinsurers needed to remain vigilant and monitor any terms and conditions (T&C) delays. As the market approaches the Jan. 1 deadline, Sullivan described the current renewal season as very late, noting that while most data…

AIG has partnered with funds managed by Amwins and Blackstone to launch a new Lloyd’s syndicate (Syndicate 2479) with a novel structure that brings together specialist distributors, insurers and a Lloyd’s platform backed by third-party capital. Syndicate 2479 is expected to begin underwriting on January 1, 2026, with initial premiums of approximately $300 million, to…

Insurance brokerage The Clear Group has announced that founder Howard Lickens, who co-founded the company with Gary O’Donnell, will retire at the end of this year. Lickens has been instrumental in shaping Clear since its inception in 2001. This significant involvement has laid a solid foundation for the Group’s significant growth over the past two…

Hong Kong’s non-life insurance industry has continued to post underwriting profits over the past five years, driven by the performance of its general liability and property loss businesses, a new report from AM Best shows. Accident and health (A&H) insurance remained the largest contributor to gross premiums written (GWP) over the five-year period 2020 to…

Global insurance and reinsurance broking group Howden has announced the appointment of Eugene Lim as head of Asia tax insurance. In his new role, Lim will lead Howden’s tax advisory and insurance capabilities across the region, working with clients to resolve complex tax risk issues in transactions, restructurings and ongoing operations. His responsibilities will focus…