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1 week ago | 
reinsurancene.ws | Taylor Mixides
AM Best, a credit rating agency, has upgraded the Financial Strength Rating of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company, and TRM Specialty Insurance Company—together known as MS Transverse Insurance Group (MS Transverse)—from A (Excellent) to A+ (Superior). Additionally, their Long-Term Issuer Credit Ratings have been raised from “a+” (Excellent) to “aa” (Superior). The outlook for these ratings remains stable.
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1 week ago | 
reinsurancene.ws | Taylor Mixides
Send Technology Solutions Ltd (Send), an insurtech firm, has named Will Sparkes as its new Chief People Officer. The appointment comes as the company looks to formalise and expand its approach to people operations during a period of ongoing growth. Sparkes has held HR roles at both large corporates—including Informa and Metlife—and a number of early-stage tech companies. His experience spans team scaling, fundraising environments, and international hiring.
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1 week ago | 
reinsurancene.ws | Taylor Mixides
Credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of QBE Insurance Group Limited to ‘A’ from ‘A-’ and raised the Insurer Financial Strength (IFS) Ratings of its core subsidiaries to ‘AA-’ from ‘A+’. The outlook for all ratings is stable. Fitch pointed to QBE’s improved financial performance, solid capital position, and steady business fundamentals as the main reasons for the upgrade.
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1 week ago | 
reinsurancene.ws | Taylor Mixides
Mosaic Insurance, a specialty insurer focused on complex and emerging risks, has introduced a new product aimed at supporting efforts to remediate abandoned and orphaned oil and gas wells across North America. The company’s environmental division has created a hybrid insurance solution that combines elements of pollution and well control coverage.
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1 week ago | 
reinsurancene.ws | Taylor Mixides
AEGIS London, a syndicate at Lloyd’s, has named Sarah Yuile as an underwriter in its International Casualty team. This strategic hire reflects the company’s focus on enhancing its underwriting expertise and advancing the growth of its International Casualty portfolio across priority markets. Yuile brings significant experience in the Canadian insurance sector.
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1 week ago | 
reinsurancene.ws | Taylor Mixides
SiriusPoint Ltd., a re/insurer focused on specialty lines, has announced the expansion of its ongoing relationship with Copenhagen-based Managing General Agent (MGA), DUPI Nordics, into Continental Europe. Since March 2023, SiriusPoint has supported DUPI Nordics by providing capacity for its niche insurance offerings. Initially centred on Brown Water Hull coverage in the Nordic countries, this partnership represented SiriusPoint’s first MGA engagement in Stockholm.
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1 week ago | 
reinsurancene.ws | Taylor Mixides
Porch Group, Inc., a homeowners insurance provider, announced the renewal of its partnership with Goosehead Insurance. Growing Porch Reciprocal Exchange insurance premiums in a profitable way is an important strategic objective for the Company. The renewed partnership with Goosehead is a step toward re-engaging agency partnerships and expanding its distribution channels.
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1 week ago | 
reinsurancene.ws | Taylor Mixides
Willis, a WTW business, has appointed Linda Fisher to lead its law firm segment within the Financial Services and Professional Services (FIPS) division across North America. Operating out of Chicago and reporting to Brad Messinger, Leader of the FIPS division, Fisher will apply her deep sector knowledge to expand Willis’s presence in the legal market.
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1 week ago | 
reinsurancene.ws | Taylor Mixides
Guy Carpenter, a risk and reinsurance specialist, has announced a partnership with Valloop, a financial platform focused on employee ownership, to support employee buyouts of small and medium-sized enterprises (SMEs) through a new financial structure. The collaboration secures up to £39 billion in surety-backed capital from a consortium of reinsurers. This funding is intended to help up to one million employees across 20,000 companies acquire ownership of the businesses they work for by 2030.
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1 week ago | 
reinsurancene.ws | Taylor Mixides
Lloyd’s of London-backed start-up Testudo, part of Lloyd’s Lab innovation accelerator, has launched a new data and technology platform aimed at underwriting insurance policies for risks associated with artificial intelligence. Testudo, a company incubated through several legal and enterprise accelerators and supported by investors including LocalGlobe and Goldman Sachs partners, seeks to provide businesses with a way to better manage the legal and financial exposures tied to their AI deployments.
