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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…
Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s underwriter, has announced strong underwriting results for Syndicate 5886 in 2025. Syndicate 5886’s net combined ratio was 80.9%, a year-on-year increase of 3.8%. Strong underwriting results generated a profit of £72m, marking a 27% increase in total consolidated earnings compared with 2024. Blenheim Underwriting’s 2025…
UK defined benefit (DB) pension schemes are encouraged to evaluate the various final options available as the market evolves, professional services firm Aon, which provides risk, retirement and health solutions, said. The company said the DB program will move into 2026 and bring with it a wider range of potential ending approaches. As more and…
SiriusPoint, a specialty insurance and reinsurance company, has announced changes to its business structure and will now operate through four business lines: Global Property & Casualty Programs, Global Reinsurance, Global Accident and Health and the London Market Specialty segment, which includes Lloyd’s. The new Global P&C Projects unit will combine SiriusPoint’s existing North American and…
The California Earthquake Authority’s (CEA) traditional reinsurance limits total $5.037 billion at the end of 2025, plus $2.875 billion in effective catastrophe bond protection, bringing the entity’s total risk transfer limits to $7.912 billion, up from about $7.67 billion at the end of September. In recent years, as the overall risk base has decreased, the…
Fitch Ratings has downgraded Africa Risk Capacity (ARC Ltd.)’s Insurer Financial Strength (IFS) rating to “BBB+” from “A-” and its Long-term Issuer Default Rating (IDR) to “BBB” from “BBB+”, reflecting the decline in the company’s standalone credit quality, which has been downgraded to “bb+” from “bbb-“. The adjustment in the parametric insurer’s standalone credit quality…
McGill and Partners and AIG are collaborating in the subscription market to provide customers with seamless access to high-quality insurance solutions that are supported by long-term capacity and managed through agent artificial intelligence. As part of the partnership, AIG conducted a detailed review of McGill and Partners’ professional product portfolio, reportedly confirming its strength and…
Atrium, a leading specialist insurer owned by Lloyd’s, has announced the appointment of James Lakin as Head of Outward Reinsurance. In this role, he will lead the design and deployment of Atrium’s outward reinsurance program, ensuring the strategy supports the company’s risk appetite, capital objectives and long-term profitability. Lakin moves to Atrium after 12 years…
Atrium, a leading specialist insurer owned by Lloyd’s, has announced the appointment of James Lakin as Head of Outward Reinsurance. In this role, he will lead the design and deployment of Atrium’s outward reinsurance program, ensuring the strategy supports the company’s risk appetite, capital objectives and long-term profitability. Lakin moves to Atrium after 12 years…
Insurer QBE Re, the reinsurance arm of QBE Insurance Group, has appointed Soichiro Tanaka as its new head of Southeast Asia. Tanaka has over 13 years of experience in the Asian insurance and reinsurance markets. Prior to joining Aspen Insurance Holdings, he served as a senior underwriter and played a key role in supporting the…