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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….

Stonybrook Capital and Stonybrook Risk Management, a specialist strategic advisory and reinsurance intermediary, have successfully launched and launched a new excess hire and non-owned automobile (HNOA) insurance program. The program is managed by PT Edwards as Managing General Agent (MGA) and is backed by strong reinsurance from Florida Insurance and Reinsurance Company (Florida Re), a…

A new report from Global Parametrics notes that while catastrophe bond structures can be robust and replicable across different trigger points and geographies, several barriers remain to their effective application among humanitarian organizations. The parametric climate risk insurance provider, part of CelsiusPro Group, has therefore called for a “comprehensive assessment” of risks and organizational objectives…

Reinsurance broker and risk advisory firm Guy Carpenter, part of Marsh McLennan, has appointed Angelo De Benedetto as chief commercial officer for its Italian operations. In his new role, DeBenedetto will oversee and coordinate the company’s commercial strategy in the country. His responsibilities include increasing executive-level engagement with key partners and supporting clients as they…

David Flandro, Managing Director, Head of Industry Analysis and Strategic Consulting at Howden Re, said in a recent video interview with Reinsurance News that in a competitive and capacity-rich cycle, reinsurance brokers need to take a “multifaceted” approach to meet the needs of modern global buyers. “I think as an industry we have to be…

Ecuador has signed its first parametric agricultural insurance policy, benefiting up to 10,000 smallholder farming families growing rice and corn against extreme rainfall and drought risks, marking a major milestone in the Tripartite Agreement program, a public-private partnership between the Insurance Development Forum (IDF), the United Nations Development Program (UNDP) and the German Federal Ministry…

International credit rating agency and financial research provider Moody’s Investors Service has highlighted that eight leading Nordic property and casualty (P&C) insurers reported excellent underwriting performance in 2025. The industry’s average combined ratio, which represents claims and operating costs as a proportion of insurance revenue, fell to a record low of 84.8% from 89.5% in…

Jointly AI, a UK insurtech company focused on automated brokerage, announced the launch of Jointly AI Broker, an end-to-end autonomous artificial intelligence platform developed for UK personal insurance brokers. The company describes the product as a fully operational brokerage system rather than a conversational assistant. Rather than simply providing a chat response or directing customers…