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Qover, a Belgian insurtech company specializing in embedded insurance orchestration, has secured $12 million in growth capital financing from CIBC Innovation Banking as it enters its tenth year of operations. The company reported that this latest financing brings its total funding since inception to more than $100 million. Qover explained that it develops technology infrastructure…
WTW Enterprises Willis has announced the appointment of Tony Simm as interim head of Europe and UK. In his new role, Simm will be responsible for leading the delivery of high-quality client solutions across diverse geographies and lines of business. He is also responsible for developing strategy for the European and UK interim teams, attracting…
Bermuda-based reinsurer Aspen reported improved full-year underwriting performance in 2025, with underwriting revenue rising to $370.8 million from $345.8 million in 2024. The company’s gross written premiums increased slightly to $4.67 billion in 2025, compared with $4.61 billion the previous year, while net written premiums declined to $2.84 billion from $2.94 billion, reflecting continued portfolio…
Life and health insurance company Aflac Incorporated, through its subsidiaries in Japan and the United States, announced that Aflac Re Bermuda Ltd. (Aflac Re) has entered into an agreement with Japan Post Insurance Company to reinsure a portion of life annuities through coinsurance, effective March 31, 2026. This marks Aflac Re’s first reinsurance transaction with…
UK government-backed terrorism reinsurer Pool Re has sponsored the fourth tranche of its £100m catastrophe bond, supporting UK economic resilience and protecting businesses from terrorism-related losses while containing risks in private markets. The transaction, issued through Baltic PCC Limited, a UK-registered special purpose vehicle, provides Pool Re with £100 million of mortgage retrocession protection and…
Specialty insurer and reinsurer SiriusPoint has appointed Sabra Purtill to its board of directors, effective March 25, 2026. At the same time, Franklin (Tad) Montross IV and Peter Tan will resign from the Board of Directors effective May 20, 2026. Purtill has four decades of experience in the insurance and financial services sectors, with expertise…
Fosun International Limited announced the unaudited results of Peak Re, a global reinsurance company headquartered in Hong Kong, for the full year 2025 (FY’25). Reinsurance revenue increased by 32.8% year-on-year to US$1.54 billion. Peak Re’s FY25 reinsurance services performance also increased by 12.7% year-on-year to US$162.9 million, and gross written premiums (GWP) increased strongly by…
Global reinsurance broker Howden Re has expanded its ongoing collaboration with Mitiga Solutions to enhance Spain’s national approach to assessing volcanic risk. The collaboration applies Mitiga’s proprietary volcanic catastrophe model to the Canary Islands to provide a deeper understanding of potential geological threats. The program was developed by Howden Re and Howden Iberia in partnership…
Private investment firm JC Flowers & Co. (JCF) has entered into an agreement to acquire a controlling stake in Niyam Group and serve as the lead investor in Lloyd’s newly formed consortium Niyam Syndicate 2047. Launched by industry veteran Bobby Swarup earlier this year, Niyam is a GIFT City-based reinsurance platform that connects global capital…
Swiss Re, one of the world’s largest reinsurers, has developed and launched an online claims submission portal for life insurance beneficiaries in partnership with Pan American Life Insurance Group (PALIG), a provider of life, accident and health insurance across the Americas. Designed to expand digital access to the claims process, the new portal marks an…