Magazine employees detained over prophet cartoon controversy
The cartoon, published in LeMan magazine, was denounced by government officials who said it represented the Prophet Muhammad.
Month: July 2025
Chaucer appoints Emily Brand as Deputy Class Underwriter – Energy
Chaucer Group, a global specialty insurance and reinsurance group, has announced the appointment of Emily Brand as Deputy Class Underwriter – Energy. Based in Singapore, Brand will report to Scott Ho, who leads Chaucer’s Energy team in the region. In her new role, Brand will support the underwriting strategy for Chaucer’s energy business and help […]
Either flooding or drought threaten most world heritage sites, U.N. says
From Yellowstone to the Garden of Eden, almost 75% of the world’s heritage sites at risk of drought or flooding, U.N. warns.
Trump threatens Musk subsidies after Musk again targets Trump's budget bill
President Trump again targeted Elon Musk, attacking the amount of government subsidies Musk is receiving after Musk renewed criticism of the president’s flagship spending bill.
Suncorp shrinks main cat cover at renewal and adds multi-year solution
Australian insurer Suncorp has completed its 2026 reinsurance renewal, securing main catastrophe cover for losses between $500 million and $6.3 billion, and has added a structured, multi-year solution that reduces exposure to $350 million for a first and second event, with the cost of the programme expected to come down year-on-year. The insurer has disclosed […]
Retained earnings lift global reinsurer capital to record $720bn in Q1’25: Aon
Analysis by insurance and reinsurance broking group Aon estimates that global reinsurer capital increased by almost 1%, or $5 billion in the first quarter of 2025 to $720 billion, driven by growth in traditional capital as the alternative portion remained at a record high. In 2024, global reinsurer capital grew by nearly 7% year-on-year to […]
Colin Allred will run for Texas Senate seat
Colin Allred, who lost to Sen. Ted Cruz last year, will run for Senate again in a closely watched 2026 contest.
Lemonade lowers reinsurance overhead at renewal following improved diversification
Lemonade, the digital insurance company powered by AI and social impact, has renewed its reinsurance program, reducing the ceded proportion of its quota share reinsurance from approximately 55% to approximately 20%, effective July 1. According to the firm, this decision was made given strong progress in its diversification, underwriting prowess and loss ratio trajectory. Meanwhile, […]
Lloyd’s approves novation of GIC syndicate 1947 managing agency services to Asta
Lloyd’s, the specialist insurance and reinsurance marketplace, has approved the novation of Indian reinsurer GIC Re’s syndicate 1947 managing agency agreement to Davies-owned Asta, effective July 1st, 2025. The agreement relates to both the open and prior years of GIC syndicate 1947 and sees Asta provide a full range of oversight and operational support services. […]
Ripe year-on-year revenue grows to £20.6m as expansion continues
Ripe, a UK digital managing general agent (MGA), has achieved 16% year-on-year revenue growth, with turnover increasing to £20.6 million in the 12 months ending 31 December 2024, up from £17.8 million in 2023. This growth marks the company’s 17th consecutive year of double-digit revenue rises. Throughout the year, the MGA expanded its policyholder base, […]