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BMS Group has announced a strategic partnership with Berns Brett India, marking its expansion into the Indian market, and the local entity will be renamed BMS (India) Ltd, pending regulatory approval. Nick Gillett, chief executive of BMS International, commented: “BMS’s regional investments from Turkey to India demonstrate our focus on these exciting growth areas and…

Jefferies analysts warned in a new note that risk-adjusted pricing will deteriorate further, with a mild hurricane season likely to trigger a 10-15% decline. Analysts say property risk-adjusted rates turn negative at renewal on January 1, 2025, and reinsurance brokers/carriers mostly indicate mid-single-digit declines will worsen to about 5-10% at renewal in mid-2025. Jefferies experts…

Maximum Information has raised £2.3 million in a seed round led by Insurtech Gateway, with participation from Liberty Mutual Strategy Ventures, Convex and Portfolio Ventures. Founded in 2020, Maximum Information is dedicated to improving global resilience to natural disasters through advanced disaster modeling analysis. Its platform provides re/insurers, financial institutions and other risk-facing sectors with…

Lockton Re, the reinsurance arm of insurance broker Lockton, has launched a new division: London North American Portfolio Solutions (LNAPS), led by industry leader Henrietta Butcher. Butcher began her career at Tysers in 1991 as Managing Director. In his new role at Lockton Re, Butcher joins senior agents David Soper, Richard Hodge, Henry Spratt, Paul…

Global specialist insurer and reinsurer Brit Group Holdings Limited has hired Lloyd’s of London’s Jane Bioletti as its new head of operations, reporting to the company’s director of operations, Susan Andrew. Bioletti joined Brit in December from the specialist Lloyd’s insurance and reinsurance market, where she was most recently director of licensing, leading Lloyd’s licensing…

Credit ratings agency AM Best has confirmed the outlook for Malaysia’s non-life insurance industry is stable, highlighting regulatory measures aimed at increasing insurance penetration and the phased removal of tariffs on motor and fire insurance. The rating agency noted that although Malaysia’s real GDP growth is expected to slow in the near term due to…

New analysis released by the Center for Disaster Protection, an independent organization dedicated to strengthening the way the global system finances responses to climate and disaster shocks, shows that pre-arranged disaster risk financing is expanding rapidly around the world, while the poorest and most vulnerable countries still receive only a fraction of the total. In…

In a recent interview with Reinsurance News, Amitabha Ray, CEO of Swiss Re India, shared his insights on the changing landscape of reinsurance in 2026, with a specific focus on India and the wider Asia-Pacific market. As the global reinsurance market looks ahead to 2026, despite rising uncertainty, resilience continues to define the landscape, particularly…

Technology-based insurance company Slide Insurance Holdings, Inc. expects full-year gross premiums in 2025 to be between US$1.77 billion and US$1.78 billion, a year-on-year increase of 33%. Today, Slide released some preliminary financial indicators for the fourth quarter and full year 2025, indicating solid growth heading into 2026. In addition to the full-year growth noted above,…

ALIRT, a provider of insurance market research and analysis, recently released its annual review of Florida’s domestic property insurance market, highlighting the overall state of the market following tort reform. According to ALIRT, this segment of Florida’s real estate market has shifted dramatically from a near-collapse state in 2022, when rampant litigation abuse, soaring loss…