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Bermuda-based global specialty insurance company Ascot Group Limited has announced the appointments of Patrice Walch-Watson and Christopher Gallagher to its board of directors. Kewsong Lee, Chairman of the Board of Directors of Ascot Group Limited, commented on the appointment: “Patrice and Chris are both outstanding executives whose leadership, insight and global experience will greatly enhance…

AM Best raised the outlook for Swiss private investment holding Starr International Company, Inc.’s insurance subsidiary to positive from stable and reiterated its A (Excellent) financial strength rating and “a+” (Excellent) long-term issuer credit rating. The rating action applies to the member companies of Starr International Group of New York and Starr Insurance & Reinsurance…

Carbon asset infrastructure company 1089 Inc. has partnered with Price Forbes and Oka to launch a carbon asset insurance framework for the transportation and energy sectors. The framework aims to bring institutional safeguards, rigorous financial architecture and verifiable data integrity to the carbon market. It provides explicit risk insurance for 1089’s CX89 Advanced Fuels carbon…

The Sultanate of Oman has introduced mandatory natural catastrophe coverage in unified motor insurance policies, a first-of-its-kind initiative in the Gulf Cooperation Council (GCC) region and has been developed in close collaboration with Oman Re, Gallagher Re and the Oman Insurance Association. The new framework, driven by the Financial Services Authority, comes into effect on…

Management consulting firm McKinsey & Company believes that artificial intelligence (AI) is one of the most important opportunities for value creation in the insurance industry. In its analysis, McKinsey & Company believes that the industry’s structural characteristics, including fragmented workflows and extensive structured and unstructured data repositories, position it well for accelerated technology adoption in…

The Baldwin Group called 2025 “a year of significant progress,” with total revenue of $1.5 billion, up about 8% year over year, and authorized a $250 million stock repurchase program. Despite the improvement in revenue, Baldwin’s GAAP net loss in 2025 will be approximately $54 million, which equates to a loss per diluted share of…

Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has received a $125 million strategic structured capital investment from White Mountains Insurance Group, Ltd. Most recently, Bishop Street disclosed in its 2025 results announcement that its total written premiums exceeded $650 million while portfolio losses were below 50%. Earlier this week, Bishop Street expanded its…

Marsh, a firm specializing in risk, reinsurance, capital and management consulting, highlighted the growing challenges posed by accelerating geopolitical transformations. Marsh said this period has seen levels of complexity not seen in decades, with implications for trade, finance, conflict and digital infrastructure. Marsh suggests that if organizations view this environment as a catalyst for innovation,…

Exzeo Group, Inc., a technology-driven insurance distribution and services company, announced a strategic partnership with Tokio Marine Highland, a wholly-owned subsidiary of international specialty insurance company Tokio Marine Kiln. Through the agreement, Exzeo will distribute Tokio Marine Highland’s primary residential flood insurance product, TMH2O. The addition of TMH2O expands the Exzeo platform’s product offerings to…

VIG Re, the reinsurance arm of Vienna Insurance Group, announced that it has become an associate member of the Singapore Reinsurers Association (SRA). Established in 1979, the SRA plays a key role in promoting dialogue, professional excellence and collaboration within the re/insurance industry. VIG Re said joining the association marks an important step in strengthening…