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The Central Bank of Solomon Islands (CBSI), the country’s monetary authority responsible for maintaining financial stability and supervising the banking sector, has successfully completed the first disbursement of the Solomon Islands Climate Risk Parametric Insurance Scheme. The payments were triggered by a heavy rainfall event in January 2026 and were processed through the bank’s regulatory…
QBE Asia has announced the appointment of Carles Tondo as Head of Asia Real Estate, effective immediately. Tondo will take over the real estate portfolio from Brendan Dunlea, regional head of construction and engineering at QBE Asia, who will continue to lead the construction, engineering, renewables and power business and further develop QBE Asia’s resilient…
Lloyds Group AEGIS London has announced the appointment of Neil Bayles as its newly created Chief Information Officer (CIO). In his new role, Bayles will be responsible for developing and implementing the company’s IT strategy, ensuring it aligns with and supports broader business objectives. A key aspect of his role is to strategically use technology…
Cayman Finance, the representative body for the Cayman Islands’ financial services industry, reports a significant expansion in the jurisdiction’s reinsurance industry following the release of 2025 insurance statistics by the Cayman Islands Monetary Authority (CIMA). According to the latest data from CIMA, Cayman Financial stated that the number of licensed reinsurance companies has increased from…
Canopius, a global specialty and P&C re/insurer, announced that Canopius US Marine and Globex Underwriting Services have formed a partnership to provide local marine policy underwriting services globally. Globex Underwriting Services, a division of Globex International Group, is an independent service provider supporting the international needs of insurance companies. Through this partnership, Canopius will expand…
Ancient Financial, a newly formed financial services company specializing in life and annuity reinsurance and asset management, has entered into a definitive agreement to acquire Bermuda-based life and annuity reinsurer F&G Re from a subsidiary of F&G Annuities & Life, which will be renamed Ancient Re upon closing. As part of Ancient, Ancient Financial will…
International reinsurance and insurance brokerage United Insurance Brokers Limited (UIB) has partnered with cyber risk analytics provider CyberCube to enhance its cyber insurance capabilities and accelerate growth in Latin America and Asia. As part of this collaboration, UIB will adopt CyberCube’s Brokerage Manager and Preparation modules to enhance the analytical capabilities of its global cyber…
Lumen Holdings, LLC, a technology-based managing general agent (MGA) headquartered in Dallas, Texas, has been acquired by Vistria Group, LP, a middle market private investment firm. The transaction positions Lumen as a new platform investment in Vistria’s financial services strategy. Vistria noted that this move reflects the culmination of years of work focused on the…
Africa Specialty Risks (ASR), a reinsurance group focused on developing markets, has announced the appointment of Laxmeekant Walikar as Chief Officer and Managing Director (MD), India. In his new role, Walikar will facilitate ASR’s entry into the Indian market through GIFT City in Gujarat, culminating in the establishment of ASR’s Lloyd’s Services Company for Syndicate…
Research and advisory firm Gartner, Inc. reports that a low-growth economic environment remains the top emerging risk in the fourth quarter of 2025. The findings come from the firm’s quarterly emerging risks report, which captures the perspectives of enterprise risk management leaders, risk and assurance professionals, auditors and senior executives on developing and longer-term risks….