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AM Best affirms credit ratings of Saipem’s captive reinsurer

AM Best has removed from under review with negative implications and affirmed the financial strength rating of B++ (good) and the long-term issuer credit rating of bbb+ (good) of Sigurd

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Mosaic Insurance bolsters team

Mosaic Insurance (Mosaic) has appointed Emma Denny and Derrieka Johnson to join its UK and US offices, respectively

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Concert Group appoints Frey

Carol Frey, former Great American Insurance Group hire, has joined Concert Group Holdings as senior vice president of business development

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Artex Risk Solutions welcomes George McGhie

Based in Singapore, McGhie will provide business development, consultancy, management and related services to clients and prospects in the region

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HowdenCAP and Mosaic Insurance join forces to launch new API

Through its API, HowdenCAP ’s Tepfin X structured credit insurance placement system connects with Mosaic’s insurtech platform through the Mosaic’s API Gateway

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Delleney takes on new role with Risk Partners

Greg Delleney has announced his decision to depart from the South Carolina Department of Insurance and join Risk Partners as captive account manager

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Demex launches snow insurance

Demex snow insurance delivers climate resilience by addressing volatility stabilising operational budgets that are linked to snowfall

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Apollo hires Foster to head of property

Apollo Syndicate Management, an independent specialist insurer and reinsurer, has announced the appointment of Kate Foster as head of property for Syndicate 1969

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Cybersecurity revenue in insurance sector to grow 10% annualised to 2025, says GlobalData

GlobalData suggests that the digital world is a ‘minefield’ for insurers as AXA, CNA Financial, Tokio Marine, and Marsh & McLennan suffer cyberattacks in 2021

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AM Best awards United Educators A rating for 24 consecutive years

AM Best stated that UE’s business profile is favourable due to a “leading market position and diversification of risk by region and type of institution”

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Mitsui Sumitomo Insurance to acquire Transverse Insurance Group

Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, is to acquire New Jersey-based Transverse Insurance Group

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RiverStone reaches agreement for first Vermont captive acquisition

RiverStone has reached a tentative agreement to acquire Western Property & Casualty Insurance Company, effective August 2022

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