Prestige Underwriting promotes Carl McComb to Underwriting & Pricing Director
Prestige Underwriting, a specialist managing general agent (MGA), has announced the promotion of Carl McComb to Underwriting and Pricing Director. In his new role, McComb will set the firm’s underwriting strategy, develop and implement strategic guidelines for risk assessment and…
Davies to acquire Canada’s SCM Insurance Services
Davies, a specialist professional services and technology firm serving the insurance market, has signed an agreement to acquire SCM Insurance Services (SCM), Canada’s largest claims processing and risk solutions provider. As part of this acquisition, SCM’s three operational entities will…
Howden agrees to acquire Evelyn Partners Financial Services
Howden, an insurance and risk advisory group, has agreed to acquire Evelyn Partners Financial Services Limited, the employee benefits consultancy division of Evelyn Partners, a UK-based wealth management and professional services firm. The acquisition is intended to expand Howden’s employee…
Gallagher Re hires RenRe’s Lowry as Exec Dir, Global Credit, Surety & Political Risk Product
Global reinsurance brokerage Gallagher Re has announced the appointment of Alexander Lowry as Executive Director, Global Credit, Surety and Political Risk Product. “Alex brings extensive experience in underwriting Credit, Surety and Political Risk Treaty reinsurance, as well as Structured Credit…
FutureProof Technologies to enhance wildfire coverage with Terrafuse AI acquisition
FutureProof Technologies, a venture-backed insurtech startup, has entered into a definitive agreement to acquire Terrafuse AI, a provider of wildfire risk analytics. The acquisition combines FutureProof’s AI-powered underwriting and pricing platform with Terrafuse’s patented wildfire prediction technology, creating a comprehensive…
Munich Re estimates mid-triple digit million EUR loss from Hurricane Melissa
Despite it still being early days, Christoph Jurecka, Chief Financial Officer at Munich Re, has estimated that the firm’s losses related to Hurricane Melissa will reach the mid-triple-digit million-euro range. During Munich Re’s Q3 2025 earnings call, Jurecka said, “Melissa,…
Ambac’s insurance distribution segment reports 40% rise in organic revenue growth for Q3’25
Insurance holding company Ambac Financial Group, Inc. has reported organic revenue growth of 40% in its Insurance Distribution segment, as total revenue grew by 80% to $43 million for the quarter, compared to $24 million in Q3’24. For the Insurance…
Hiscox Syndicates raise profit forecasts for 2024 account
International specialist insurer Hiscox has released updated estimates for Syndicate 33’s and Syndicate 6104’s 2023 and 2024 accounts. For the 2023 year of account, Hiscox now estimates that Syndicate 33 will generate a return of 12% to 22% on its…
Aon launches AI-enabled platform Claims Copilot
Insurance and reinsurance broking firm Aon has launched Claims Copilot, an artificial intelligence-enabled single, integrated platform to enhance client outcomes, bringing together expert advocacy and advanced technology. Aon Claims Copilot reflects the broker’s commitment to delivering excellent claims services to…
Lockton expands into Saudi Arabia, names Al Abdul Jabbar CEO of retail
Lockton, an independent insurance broker, has expanded its operations into the Kingdom of Saudi Arabia and appointed Mohammad Al Abdul Jabbar as Chief Executive Officer (CEO) for its retail operations in the region. This expansion is part of the broker’s…