Month: September 2025

International insurance group Ageas has completed its acquisition of esure from Bain Capital for a total consideration of £1.295 billion. Initially announced in April 2025, Ageas confirmed that all necessary regulatory approvals have now been obtained and the transaction has been completed. The acquisition marks a major milestone for the Group, positioning Ageas among the…

Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Clarice Francis as Operations Manager for War and Terrorism. In this role, Francis will focus on enhancing operational efficiency within the International War and Terrorism team, working closely with management, claims, actuarial, and product development departments to provide in-depth analysis and…

Global specialty insurer and reinsurer SiriusPoint has agreed to sell its wholly owned supplemental health insurance program manager, ArmadaCare, to Ambac Financial Group for $250 million, while continuing its capacity partnership with Armada until the end of 2030. The transaction, which values Armada at approximately 14x EBITDA, is expected to close in the fourth quarter,…

Lloyd’s, the world’s oldest insurance and reinsurance market for global risk, and Ireland’s Department of Finance, have strategically partnered to foster insurtech innovation, strengthen market resilience, and promote Irish expertise globally. This collaboration will create a dedicated Irish-themed cohort within the Lloyd’s Lab Accelerator Programme in the first half of 2026. Established in 2018, the…

QBE North America, a provider of commercial insurance solutions, has announced the appointment of Jayne Cunningham as Senior Vice President and Environmental Underwriting Leader, reporting to Dan Fortin, President of Specialty Insurance. Based in North Carolina, Cunningham brings over 30 years of experience in the insurance industry, including more than 20 years in leadership positions…

The Insurance Institute of London, the largest of the Chartered Insurance Institute’s local institutes and a centre for learning and networking within the London market, has confirmed the election of Richard Dudley ACII, Chartered Insurer, as President for the 2025–26 term. Dudley joined BMS in December 2024 and has more than 30 years’ experience in…

Although chemical, biological, radiological, and nuclear (CBRN) risks remain rare, a sizeable protection gap leaves individuals, businesses, and governments exposed to major incidents, according to a joint report by the Geneva Association and the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP). The report noted that the CBRN risk landscape is evolving. Rising geopolitical tensions,…

Protecdiv, an insurance and reinsurance brokerage firm, has announced the promotion of Cate DelaCruz to Executive Vice President and Head of Analytics, effective immediately. In her new position, DelaCruz will be responsible for leading the ongoing development and strategic direction of Protecdiv’s analytics platform. She has also been tasked with overseeing the creation of proprietary…

Bondaval, a provider of technology-enabled credit insurance solutions, and Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, have partnered to launch data-driven credit risk policies that enhance the way businesses approach and protect against credit risk. Under the partnership, Bondaval will underwrite and issue credit insurance policies and non-payment guarantees…

AHJ Miller, the reinsurance division of Miller and an independent specialist re/insurance broker, has appointed Marlon Williams as Senior Broker in its Bermuda office. Williams brings more than 20 years of industry experience, covering insurance, reinsurance, catastrophe modelling, and international property catastrophe underwriting. He joins from Hiscox Re & ILS, where he spent five years…