News

After Zurich Insurance Group completed its 100% acquisition of specialist insurer Beazley, Fitch Ratings has upgraded the Insurer Financial Strength (IFS) Rating of Beazley Insurance DAC to ‘AA’ from ‘A+’, and also upgraded the Long-Term Issuer Default Ratings (IDRs) of the Dublin subsidiary and Beazley plc to ‘AA-‘ from ‘A’. On […]

Insurance Advisory Partners (IAP), a boutique investment banking firm specialising in the insurance sector, has appointed Partners Rinki Melwani and Benjamin James as co-heads of UK & Europe. The pair will be based in IAP’s London office and will jointly report to Tony Ursano, Founder, Managing Partner and Chief Executive Officer. Their […]

The Cayman International Reinsurance Companies Association (CIRCA) has submitted two comment letters to the National Association of Insurance Commissioners (NAIC) challenging a proposed new risk-based capital (RBC) charge on life reinsurance ceded to reinsurers in non-reciprocal jurisdictions. The letters were submitted during the comment period […]

Aon, a global professional services firm specialising in risk, insurance, retirement and health solutions, has expanded Denise Perlman’s role to include serving as Executive Managing Director (EMD) and Middle Market Segment (MMS) Leader for Reinsurance. This expands her responsibilities in addition to being Aon’s representative in the […]

Emil Issavi, Chief Executive Officer and President of Ryan Re, said Nationwide and Ryan Re are targeting growth in specialty reinsurance, but will do so thoughtfully, emphasising that risk management is at the centre of decision-making. In our latest video interview, which took place around the annual Rendez-Vous de Septembre (RVS) in Monte Carlo, […]

Sapiens International Corporation N.V. has launched the inaugural Sapiens Insurance AI Maturity Index, an industry-wide study and annual benchmarking tool designed to evaluate the current landscape, adoption progress, and future aspirations for artificial intelligence (AI) and autonomous decision-making across insurance carriers of all sizes. […]

AI-native specialty insurance platform, Ledgebrook, has successfully raised $200 million in primary equity financing, co-led by Allianz X and Rockefeller Capital Management, and has also agreed a multi-year reinsurance agreement with Allianz Re. This $200 million in primary equity financing follows numerous funding rounds for Ledgebrook, which […]

CRESTA, an independent insurance industry organisation responsible for maintaining a global standard for risk accumulation zones, has published its 2026 zoning update, covering 140 countries. The organisation said the latest release incorporates updates to 4,863 low-resolution zones and 247,203 high-resolution zones. The changes follow […]

The Texas Windstorm Insurance Association (TWIA) is forecasting a roughly 10% reduction in its reinsurance and catastrophe bond needs for 2027, as its Catastrophe Reserve Trust Fund (CRTF) is projected to grow from $25 million this year to as much as $350 million ahead of the renewals. The association is also forecasting a 2027 risk The post TWIA […]

The London Market Group’s (LMG) Data Council, the governing body representing London market brokers, underwriters, and Lloyd’s that sets data standards for market modernisation, has updated the Core Data Record (CDR) to introduce First Notification of Loss (FNOL) claims data, establishing the market’s first direct digital link between claims […]