News

Lloyd’s, the London-headquartered specialist insurance and reinsurance market, has announced a couple of updates to its Council membership: the re-election of Richard Dudley, and Duncan Dale’s election. These changes follow elections to fill two working member vacancies, and come as Andrew Brooks steps down after nine years as a working member on the Council of […]

British insurer Aviva reported General Insurance premiums of £10 billion in the first nine months of 2025, up 12% from £9.1 billion in the same period a year earlier. By region, UK & Ireland General Insurance premiums increased 17% to £6.7 billion from £5.7 billion, with 24% growth in Personal Lines reflecting the acquisition of […]

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 […]