Archives for November 2025

Open, ongoing dialogue between insurer, broker and policyholder is critical to success, according to the latest findings from the Direct Commercial Limited (DCL) Broker Barometer. Broker confidence is driving this long-standing three-way approach. According to the poll, 81% of brokers agree that strong three-way relationships between MGAs or insurers, brokers and policyholders are essential to […]

Corporate & Specialty lines insurer HDI Global has announced the appointment of John Morrell as the new Head of Energy & Power Underwriting Middle East, within its cross-divisional Energy & Power Unit, effective 1 December, 2025. Based in Dubai, Morrell will lead a dedicated team focused on managing complex risks across conventional power and renewable […]

Willis Re, a specialised reinsurance broker, reports that two parametric risk transfer deals have recently drawn attention after confirming swift payouts to Jamaica. Hurricane Melissa activated the country’s $150 million World Bank sovereign bond, which had notably defaulted after Hurricane Beryl the previous year. At the same time, the Caribbean Catastrophe Risk Insurance Facility, the […]

Testudo, a technology and data company underwriting artificial intelligence (AI) risks, has announced the appointment of Peter Wedge as General Counsel. Launched in 2024, Testudo underwrites AI risks using active litigation monitoring and real-time data. Its AI Risk Engine ingests, tags, and models data to power best-in-class risk management and underwriting for AI systems. The […]

Canada Life Reinsurance, the Capital and Risk Solutions (CRS) reinsurance business of Great-West Lifeco, had a strong third quarter in 2025 with base earnings up 20% from the prior year quarter to $265 million. Alongside the increase in base earnings year-on-year, Canada Life Re’s net earnings hit $280 million in Q3’25, a significant lift from […]

Morningstar DBRS has highlighted that while Canadian property and casualty (P&C) insurers remain robust, with strong capital margins and growth potential, they face a rising threat from natural catastrophes and the losses these events can cause. At Credit Outlook Toronto 2026, Marcos Alvarez, Managing Director of Global Financial Institution Ratings at Morningstar DBRS, led an […]

Managing General Agents (MGAs) Nirvana and Pulse have officially completed their planned merger, following regulatory approval from the Financial Conduct Authority (FCA). Financial terms were not disclosed. The newly combined entity established a significant specialty MGA platform with enhanced capabilities across five lines of business: Media, Technology & Cyber, Accident & Health, Non-standard Life, and […]

Legal & General Assurance Society Limited (L&G), a subsidiary of Legal & General Group plc and a UK financial services provider, has completed a £96 million buy-in with the Cosworth Racing Limited Pension Fund, with the transaction securing the pension benefits of more than 1,000 retired and deferred members. The Fund is sponsored by Ford […]

Property and casualty insurer Chubb has announced the retirement of John Lupica, Vice Chairman, Chubb Group and Executive Chairman, North America Insurance, effective December 31, 2025. Lupica is a highly respected leader with a distinguished career spanning more than three decades in the property and casualty industry. During his 25-year tenure at Chubb, the executive […]

The commercial property insurance market is experiencing continued softening, while casualty lines face broad uncertainty, The Baldwin Group’s recent Q3 2025 Market Pulse report has revealed. The report points at renewed competition, improving capacity, and more flexible structures for well-differentiated risks as key drivers for property market softening. At the same time, the uncertainty in […]