Carrier

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 […]

Allianz Commercial, an insurance and financial services provider, has announced two permanent leadership appointments within its UK commercial division. These changes, effective immediately, strengthen the company’s focus on delivering high-quality insurance solutions to mid-market and large corporate clients. Graham Stait has been confirmed as Director, UK Markets, after serving in the role on an interim […]

ERS, a UK specialist motor insurer, has announced the promotion of Chris Wilson to Head of Fleet and Commercial Motor. This follows Scott Tillbrook’s move into the role of Active Underwriter and marks a strategic shift to bring two closely connected areas under one leadership structure. Since joining ERS in 2014, Wilson has been instrumental […]

Amynta Group, an insurance services provider, has announced it is combining its underwriting units, Oryx Insurance Brokerage (Oryx) and Total Program Management (TPM), to create a fully integrated healthcare practice. The combined business will operate as Oryx Healthcare, leveraging the company’s underwriting solutions with a broader offering to serve the needs of Amyta’s agent and […]

Insurance holding company Ambac has extended from July 3, 2025, to December 31, 2025 the term of the stock purchase agreement relating to the sale of its legacy financial guarantee businesses -Ambac Assurance Corporation (AAC) and Ambac UK (AUK) – to funds managed by Oaktree Capital Management, L.P. for $420 million in cash. The cash […]

As reinsurance rates continued to soften at the mid-year renewals, the return on equity (ROE) for full year 2025 is expected to decline from 2024, although remain above the cost of equity and at a higher level than during the most recent soft market years, suggesting continued profitability and strong returns for reinsurers, according to […]

The Natural Disaster Fund (NDF), a public-private partnership managed by Global Parametrics, a CelsiusPro Group company, has gathered increased recognition for its innovative approach to provisioning parametric risk transfer coverage in fragile states. By providing parametric risk capacity, the NDF helps support local and international actors in offering risk transfer solutions to climate-vulnerable communities, With […]

Atradius, a global provider of credit insurance, bond and surety, collections and information services, has announced changes to the composition of its Management Board and the distribution of responsibilities. Andreas Tesch, currently Chief Market Officer (CMO), has been appointed as the new Chief Risk Officer (CRO), taking over the role from Christian van Lint, who […]