P&C Insurance

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 […]

Pan-European savings and retirement services group, Athora, has reached an agreement to acquire Pension Insurance Corporation Group Limited, the parent of Pension Insurance Corporation plc, a specialist insurer of UK defined benefit pension schemes, for approximately £5.7 billion. Athora has €76 billion of assets under management and administration, on behalf of 2.8 million policyholders, and […]

According to reinsurance broker Gallagher Re’s 1st View mid-year renewal report, recent legislative reforms in the State of Florida encouraged reinsurers to write across the board at the mid-year renewals, in hopes of maintaining their market share on programmes. The reforms, signed into law in late December 2022, have successfully reduced property litigated claims by […]

Specialty re/insurance rates remain adequate on average and are trending downward, though a soft market is likely still 2–3 years away, according to a recent report by Peel Hunt. Following their participation in the recent Lloyd’s Tour, Peel Hunt analysts met with management teams from Beazley, Conduit Re, Hiscox, and Lancashire. All teams agreed that […]