Florida’s Praxis Reciprocal Exchange obtains OIR license
A newly established Florida domiciled property insurer, Praxis Reciprocal Exchange (PRE), has received its certificate of authority from the Florida Office of Insurance Regulation (OIR). PRE will operate as a reciprocal insurer, owned by its policyholders and managed by Pre…
MetLife acquires 20% of LatAm insurtech Klimber
Global insurer MetLife has acquired a 20% stake in insurtech Klimber, a partnership that aims to transform how insurance is accessed and distributed throughout Latin America. This achievement, the firm stated, strengthens Klimber’s position in the evolving digital insurance landscape…
Radian’s acquisition of Inigo to increase diversification & growth opportunities: S&P
S&P Global Ratings has indicated that Radian’s recent $1.7 billion acquisition of Lloyd’s specialty insurer Inigo could enhance the diversification of its business and create growth opportunities that are currently constrained within its U.S. mortgage insurance operations. Following the announcement,…
Marsh McLennan names Kim Abildgaard as CEO of Denmark
Global insurance and reinsurance broker Marsh McLennan has promoted Kim Abildgaard to Chief Executive Officer (CEO) of its Denmark operation, effective October 1st, 2025. Abildgaard, who succeeds Dorothee Gnaedinger, most recently served as interim CEO of Denmark for the broking…
Geopolitical uncertainty, supply chain disruption & inflation, top risks for business leaders: Beazley
In today’s fast-changing global environment, there has been a sharp and rapid shift in how global leaders are prioritising risk, with geopolitical uncertainty, supply chain disruption and inflation becoming top concerns, a recent Beazley survey revealed. This new risk perception…
Davies names Adam Warwick as Group Chief Information Officer
Davies, a specialist in professional services and technology solutions for insurance, financial services, and other regulated industries, has announced the appointment of Adam Warwick as Group Chief Information Officer (CIO). Warwick joins from Bravura, a global software solutions provider, where…
Third-party cyber risks among most significant threats to operational resilience: Acrisure
A new report authored by Acrisure’s James Morgan has highlighted the rising threat of cyber-attacks on key third-party vendors and their potential to trigger widespread operational disruption and financial losses across multiple businesses. The new report is centred around the…
Fitch upgrades Generali’s ratings on lower sovereign risk & improved performance
Fitch Ratings has upgraded Generali and its core subsidiaries’ Insurer Financial Strength (IFS) Ratings to ‘AA-’ from ‘A+’, citing lower sovereign risk and the group’s very strong profile, capitalisation, leverage, and operating performance. The agency has also upgraded Generali’s Long-Term…
Insurance Development Forum strengthens leadership with key appointments
Insurance Development Forum (IDF), a public-private partnership, has announced three key additions to its steering committee, bringing a global wealth of experience and expertise to its mission of closing protection gaps and enhancing resilience. The new members are Patrick Tiernan,…
AM Best revises Issuer Credit Rating outlook to positive for Singapore Re
AM Best has revised Singapore Re’s outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed its rating of “a” (Excellent). The agency also affirmed the company’s Financial Strength Rating (FSR) of A (Excellent), with…