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Sompo secures local licences in Belgium and Netherlands

The move allows the company to enhance its commercial insurance capabilities and broaden its product suite across Europe

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IRS wins microcaptive tax case involving Sani-Tech West

The US Internal Revenue Service (IRS) has won the latest microcaptive tax shelter case, involving Sani-Tech West and its captive, Clear Sky Insurance, created to cover shipping losses

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CIRCA’s ReConnect returns in April

The Cayman International Reinsurance Companies Association (CIRCA) will host its second annual ReConnect Conference on 10-11 April 2025 at The Ritz-Carlton, Grand Cayman

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Willis unveils new insurance solution

Willis, a WTW business, has launched AdWrap, a master-controlled insurance programme tailored to meet the production insurance needs of businesses and their contracted vendors in the US

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Aquarian Insurance Holdings launches

Aquarian Holdings has launched Aquarian Insurance Holdings to unify its reinsurance and retail insurance operations

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Hymans Robertson appoints Wellard

Hymans Robertson has named Richard Wellard as its new head of alternative risk transfer solutions

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Howden to acquire Barnett Waddingham

The merger will double Howden's global employee benefits business, bringing together approximately 4,000 experts and generating combined revenues approaching £500 million worldwide

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ILS market worldwide hits record US$107 bn in 2024

The insurance-linked securities (ILS) market reached a record capacity of US$107 billion by the end of 2024, driven by retained earnings and new capital inflows, according to a recent AM Best report

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AM Best assigns ‘B++’ rating to Cadence Indemnity

AM Best has assigned a financial strength rating of ‘B++’ (Good) and a long-term issuer credit rating of ‘bbb+’ to Cadence Indemnity, single-parent captive of the Sullivan Brothers Family of Companies

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WTW: Health and safety risks top D&Os’ concerns

Physical workplace risks were identified as the primary concern by 43 per cent of respondents, while employee mental health and wellbeing issues related to work were highlighted by 28 per cent

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Allianz names Martiner as Global Head of Alternative Risk Transfer

Lara Martiner succeeds Grant Maxwell, who will depart Allianz at the end of June.? She will continue in her current role as CEO of AGCS subsidiary Allianz Risk Transfer

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Chris Jones appointed Chief Executive of International Underwriting Association

This decision follows the planned retirement of current IUA's chief executive Dave Matcham, who is stepping down after a 45-year career in the London Market

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