Archives for July 2025

According to a recent report from Willis Towers Watson (WTW), just three out of ten aviation executives believe their current strategies will be sufficient to handle the emerging risks facing the industry over the next decade. The study, which surveyed 130 senior aviation leaders, found that only half feel confident that their existing business models […]

European insurers are expected to close the year in a solid position, supported by resilient underwriting results, robust capital buffers, and effective strategic adjustments across the sector, according to a midyear report by S&P Global Ratings, a provider of independent credit ratings, research, and analytics. In its latest publication, European Insurance Midyear Outlook 2025: Strong […]

Willis, a WTW business, has appointed Cecelia Lockner as Senior Director, Strategic Client Advisor within the North American Alternative Asset Insurance Solutions (AAIS) division. The appointment aligns with Willis’ strategy to provide insurance solutions grounded in deep industry expertise with a focus on client outcomes. Lockner brings over 15 years of experience advising private equity, […]

AM Best, the credit rating agency, has upgraded the credit ratings of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re), citing its improved financial performance and strong capital position. The company’s Financial Strength Rating has been elevated from A- to A (Excellent), and its Long-Term Issuer Credit Rating has been upgraded from “a-” to “a”. The outlook […]

The Lloyd’s Market Association (LMA) welcomes the UK Government’s Financial Services Growth and Competitiveness Strategy, which recognises the insurance sector’s importance, specifically the role of Lloyd’s of London, according to Arabella Ramage, Legal and Regulatory Director at LMA. The Strategy sets out the government’s ten-year plan to enable the UK to be the global location […]

Cyber risk solutions company Resilience has partnered with CrowdStrike and expanded its collaboration with Amazon Web Services (AWS) to help enterprises to proactively mitigate cyber risk and minimise material losses from cyber incidents. Customers can now leverage the Resilience Threatonomics Platform to transform security insights into financial risk mitigation strategies, potentially improving cyber insurance coverage […]

MSIG Insurance (Malaysia) Bhd has announced that Chua Seck Guan, its Chief Executive Officer (CEO) since March 30th, 2010, retired on July 2nd, 2025, after a career spanning 42 years in the insurance industry, including 15 years at the firm. Following this, Ang Yien Chia succeeded him as the new CEO of the general insurer […]

The U.S. Managing General Agent (MGA) growth once again outpaced the broader property-casualty market, with direct premiums written rising 16% year-over-year to an estimated $114.1 billion, a recent Conning study has revealed. Conning’s latest strategic study, “Managing General Agents: Built for What’s Next,” highlights several market dynamics that have benefited the MGA sector. These include […]

Castle Harbour Insurance, a provider of specialty insurance services, has launched a transactional risk insurance brokerage focused on addressing complex deal-related risks. The new offering is designed to assist clients with structured solutions in areas such as tax insurance, representations and warranties insurance, litigation insurance, and contingent risk insurance. The New York City-headquartered firm is […]

SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed markets, along with its carrier partners Auros Reciprocal Insurance Exchange and Elevate Reciprocal Exchange, has closed the Gateway Re Series 2025-3 catastrophe bond at $100 million. Including this latest issuance, the SageSure-supported Gateway Re series now exceeds $2.1 billion in cumulative notional limit, securing SageSure’s position […]