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The Government of India plans to sell up to 87,720,000 equity shares in General Insurance Corporation of India (GIC Re), India’s public sector reinsurer, to investors on June 16 and 17, 2026, amounting to 5% of the reinsurer’s total issued and paid-up share capital. The offer has a floor price of Rs 352 per share…

Global professional re/insurance broker Consilium has announced the appointment of Olivia Bellingham as a partner in its international casualty risk solutions team. Bellingham has 12 years of market experience, joining the company from BMS as an international life sciences and casualty insurance broker. Prior to his four-year tenure at BMS, the executive served as an…

Descartes Underwriting, a global provider of parametric insurance solutions, and specialist risk and underwriting partner OAK Global have announced that Descartes has secured underwriter status with Lloyd’s, the world’s oldest insurance and reinsurance market. Under the new binding authorization agreement, Descartes Underwriting will create a pathway for bringing additional risks into the London market through…

Marsh Reinsurance brokerage Guy Carpenter has announced four senior appointments to its Nordic and Baltic teams, including Samir Baha as deputy chief executive. Baha brings more than two decades of industry experience. He joins Guy Carpenter from Howden Re where he was Managing Director. Prior to that, he held leadership roles at SiriusPoint and Willis…

Verdant Rock Limited is an insurance company headquartered in Bermuda and regulated by the Bermuda Monetary Authority. It has received Fitch Ratings’ BBB+ long-term insurance company financial strength rating with a stable outlook. According to the credit rating agency, the rating reflects Verdant Rock’s strong initial capitalization and prudent financial profile, balanced by the execution…

Dynamic Reinsurance, a company specializing in bespoke reinsurance risk transfer solutions, has appointed Juan Naveda as London Chief Executive Officer (CEO). Naveda has over thirty years of experience in the insurance and reinsurance industry and brings a wealth of expertise and strong relationships in the London market. His experience includes structuring complex reinsurance programs, managing…

Hippo Holdings Inc., the U.S. parent company of Hippo Insurance, has announced the promotion of Laura Boettcher, ARe, to chief operating officer. The company said her role now extends across the group, overseeing operations at an integrated level while continuing to support an operational approach focused on efficiency and customer service. Rick McCathron, President and…

A new report from AM Best suggests that the continued surge in data center projects provides a “huge opportunity” for the U.S. property and casualty (P&C) insurance industry to develop innovative new property and liability coverage amid growing demand. Data center developers “firmly” believe that infrastructure must be developed if the United States is to…

Sixfold, a provider of artificial intelligence solutions for the insurance industry, has announced the launch of AI Underwriter, a new technology platform designed to assist insurance companies with underwriting analysis, risk assessment and decision support throughout the submission process. This follows Sixfold’s announcement of $30 million in Series B funding earlier this year, which the…

AM Specialty Insurance Group (ASIG), an excess and surplus (E&S) carrier and global provider of niche commercial re/insurance solutions, announced the appointment of Michael Watson to its Board of Directors. Watson has a career in financial services spanning over 45 years, having held senior positions in London, New York, Bermuda and Ireland, beginning his career…