Munich Re Life US, a subsidiary of Munich Re, has partnered with MIB, a provider of data-driven insights and digital services for the life insurance industry, to support the adoption of electronic medical data in life insurance underwriting by enhancing data access and advancing analytics capabilities. As part of this initiative, MIB is acquiring Clareto, […]
Rokstone, an international speciality re/insurance MGA and part of the Aventum Group, has appointed Kamil Mammadov as Head of Short Tail Lines for Rokstone DIFC, subject to regulatory approval. Mammadov holds over 20 years of underwriting experience in the MENA region, having started his career with AIG in Azerbaijan in 2004 as a Commercial Lines […]
FM, a property mutual insurance company, has completed the previously announced acquisition of Velocity Specialty Insurance Company (VSIC) from Velocity HoldCo, LLC (Velocity), the former parent company of VSIC and Velocity Risk Underwriters, LLC (VRU). The transaction follows the earlier sale of VRU to Ryan Specialty, which together represents a full exit of Oaktree Capital […]
Palomar Holdings has reported a net income of $42.9 million for Q1 2025, up considerably compared to the $26.4 million disclosed in Q1 2024. Palomar’s gross written premiums were also up in the opening quarter of 2025, expanding 20.1% from the same period of 2024 to $442.2 million, while net earned premiums increased 52.1%. The […]
Tony Ursano, founder and managing partner of Insurance Advisory Partners, LLC, has been elected to Assured Guaranty’s Board of Directors on May 2nd, 2025, where he will serve on the Environmental and Social Responsibility, Finance and Risk Oversight committees. The addition of Ursano takes the number of Assured Guaranty Board members to 10. Prior to […]
SiriusPoint Ltd., a provider of re/insurance services, has announced strong results for the first quarter of 2025, continuing its streak of underwriting profitability, with underwriting income of $29 million for the quarter, compared with $44 million in Q1 2024. The combined ratio for the Core business was 95.4%, reflecting a slight increase from the previous […]
Private investment firm GI Partners, in collaboration with insurance industry veterans Brad Emmons and Brian Hanuschak, has launched a new tech-enabled Managing General Agency (MGA) platform that will focus on acquiring and growing a diversified portfolio of MGAs across numerous lines. The new platform’s strategy centres on “underwriting excellence, technology-driven operations, and a strong service […]
The Fidelis Partnership (TFP), a privately owned, Bermuda-domiciled managing general underwriter, has appointed Peter Welton as its new Head of Specialty. In the role, Welton will report to John-Paul O’Hare, TFP’s Director of Underwriting. He takes on responsibility for supporting the continued growth of TFP’s leading specialty offering focusing on aviation, space and energy re/insurance […]
Arthur J. Gallagher & Co. has acquired Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera), an insurance and reinsurance brokerage firm based in Istanbul, Türkiye, in an undisclosed transaction. Aspera specialises in clients operating in sectors including energy & power, industrial property, financial lines, construction, and aviation & space. Founding partner Evrim Özkoç and the broking […]
As economic and insurance exposures in high-risk regions are likely to increase with climate change, impacting banks’ and insurers’ ability to support clients, the Bank of England has updated its supervisory expectations to help guide these firms in managing climate-related financial risks. In recent years, the world has faced a number of natural disasters that […]
