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A recent report from AM Best shows that the number of upgrades in the U.S. property and casualty insurance industry will exceed the number of downgrades in 2025 for the first time in several years, driven by commercial lines. AM Best noted that both upgrades and downgrades declined in 2025, while positive ratings increased nearly…
Credit rating agency Fitch Ratings said the ongoing Iran conflict is expected to have the most direct impact on the London market and global specialty insurance companies, given that they are directly exposed to the impact of naval and air warfare, political violence, trade credit and energy lines. Fitch analysts warned that protracted conflict in…
rockstoneInternational specialty reinsurance/managing general agency (MGA) announces the appointment of Claire Lill as senior underwriter of North American casualty insurance. In her new role, Lill will work closely with Rokstone’s North American casualty leadership to further develop its underwriting expertise and sustain the expansion of MGA’s casualty portfolio. Lill has over thirty years of underwriting…
Amiga Specialty is an independent international general agent (MGA) that has begun trading in Hong Kong after successfully obtaining a license from the Hong Kong Insurance Authority. Led by Ralph Sherbahn, Managing Director of Financial Lines (Asia Pacific), the Hong Kong center will form the basis of Amiga’s regional ambitions for Financial Lines transactions, including…
Nexus Underwriting, a company of Arrowhead Intermediaries, has announced the appointment of Walid Youssef as Head of UK Financial Institutions. In his new role, Youssef will manage Nexus’ UK financial institutions portfolio and drive the company’s strategy. He will report directly to Joanne Edgley, head of UK financial operations at Nexus. Prior to joining Nexus,…
WTW-owned insurance broker Willis has entered into a strategic partnership with Qover, the European leader in embedded insurance orchestration, to further expand its GB Affinity technology ecosystem. As part of the collaboration, Willis and Qover will deliver product-agnostic solutions designed to help businesses launch tailored insurance programs quickly and at scale, while supporting sustainability, innovation…
Pacific Life Re, the reinsurance arm of Pacific Life, announced the appointment of Dion Russell as executive vice president of commercial services and protection. Russell has over 25 years’ experience in the life insurance industry, having worked in Asia, Australia and New Zealand. His career spans primary insurance, consulting and reinsurance, giving him broad insights…
Global insurance broker Howden has announced that it is now aligning its International Growth Markets (IGM) business with its respective regions, resulting in a number of leadership appointments and regional structural changes, effective April 1, 2026. The broker explained that the IGM unit, led by Sonia Caamaño, has built and scaled fast-growing businesses and has…
Markel International, the international insurance business of Markel Group Inc., has appointed Maureen Tomlinson as head of artificial intelligence and announced the creation of an artificial intelligence support center. Markel International is part of Markel Group’s global insurance business, providing specialized insurance solutions across multiple industries and geographies. The new roles and organizational initiatives reflect…
BMO Capital Markets analysts said the property and casualty insurance market share in the MGA sector will accelerate to about 7% in 2025, with the overall MGA market growing 19% to about $94 billion, a slight slowdown from the 21% growth reported in 2024. Analysts note that excluding crop insurance, the slowdown is even more…