UK insurer Legal & General Assurance Society Limited (L&G) has completed a combined £785 million buy-in with three pension schemes sponsored by Anglo American Services (UK) Ltd: The Tarmac UK Pension Scheme, the Tarmac ‘B’ Pension Scheme, and the Anglo UK Pension Scheme. The transaction secures the benefits of over 5,100 retirees and 2,500 deferred…
The new findings come from the Dark Energy Spectroscopic Instrument (DESI), which sits on a telescope at the Kitt Peak National Observatory in Arizona.
The Fidelis Partnership, a privately owned, Bermuda-domiciled managing general underwriter, has reported gross written premium (GWP) growth of 29% across the group to $4.6 billion for full year 2024. Group-wide, GWP increased from the $3.6 billion in 2023, with Fidelis Insurance Group’s GWP hitting $4.4 billion, up 23% year on year. Additionally, The Fidelis Partnership…
The International Underwriting Association (IUA), which represents companies in the London insurance market, has announced the appointment of Chris Jones as its new Chief Executive, effective May 1st, 2025. Jones succeeds Dave Matcham, who is retiring after a 45-year career in the London Market, including 20 years as IUA Chief Executive. The appointment was confirmed…
Charred bones and hundreds of articles of clothing and other personal effects were found at a location dubbed by local media as the “ranch of horror.”
After obtaining regulatory approvals, BMS Group has now completed its acquisition of Spanish insurance broker Rasher, which specialises in surety, credit, finance and risk management solutions for corporate clients. Readers may recall BMS announcing its planned acquisition of Rasher in December 2024. At the time, the firm’s CEO highlighted strategic alignment and growth ambitions as…
Flood risk specialist JBA Risk Management has collaborated with NVIDIA’s Earth-2 team to integrate AI-driven weather models into its flood risk catastrophe models, aiming to improve the understanding and representation of extreme and rare events for the insurance and risk sectors. For those unaware, NVIDIA Earth-2 is a development platform that enables the integration of…
Bermuda domiciled re/insurer Aspen Insurance Holdings Limited has appointed Christian Dunleavy as a Director and Michael Lagler as a Non-Executive Director to its Board, effective March 17th, 2025. Currently, Dunleavy is Group President and Chief Executive Officer (CEO) of Aspen Bermuda Limited, responsible for the group’s underwriting strategy, claims and business development. He has over…
Zurich-based catastrophe insurance data provider PERILS has disclosed its third industry loss estimate for the floods in Central Europe and Italy during September 2024, reporting a total of €2.192 billion. For those unaware, in mid-September 2024, the low-pressure system Boris (also known as Anett) brought prolonged heavy rain across Central Europe, causing floods in Eastern…
Lindsey Reiser reports on the status of deportation flights to Central America as a judge demands answers, the legacy of the Environmental Protection Agency in the face of major cuts, and a follow up to a joint CBS News investigation into how law enforcement guns end up on the street.