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CelsiusPro strikes deal to acquire Global Parametrics

The two parametric businesses will be brought together as the UK and German governments sell out.

Adam McNestrie, 06 September 2023
Renewable energy specialist InsurTech Renew Risk raises £1.7mn

Renew Risk will be hiring cat modellers and climate scientists, as it expands its proposition to help insurers understand the risks of insuring renewable energy infrastructure.

Marcel Le Gouais, 06 September 2023
Afro-Caribbean Insurance Network rebrands as Equity

The group is expanding its remit beyond the black community to focus on more underrepresented groups in financial services.

Rachel Dalton, 05 September 2023
S&P raises global reinsurance outlook to stable from negative

The ratings agency said the reinsurance market was ‘the hardest in decades’ amid tightened terms and conditions as well as increased rates.

Aisling Finn, 05 September 2023
Ardonagh adds Liberty’s McKay to growing portfolio solutions team

The exec is reunited with former LSM colleague Mark Stephenson, who joined the broker earlier this year following a 12-year stint at the carrier.

Adam McNestrie, 05 September 2023
UIB in advanced talks to take over Peru’s South Re

The news comes two months after this publication revealed that UIB was exploring the acquisition of the Lima-based aviation-focused reinsurance intermediary.

Jairo Ibarra, 05 September 2023
Guy Carpenter elevates Enoizi to Europe CEO following Reina exit

Massimo Reina led an exodus of Guy Carpenter’s European staff to Howden Tiger in March, sparking legal action.

Samuel Casey, 05 September 2023
Reinsurance outlook ‘stable’ as rates expected to rise: Moody’s

Buyers expect rates to climb by 2.5% to 15%, continuing year-on-year hikes since 2017.

Jai Singh, 05 September 2023
Political risk capacity at ‘near record levels’ despite geopolitical tension: Gallagher

The repercussions of the war between Russia and Ukraine continue to affect several countries, including Egypt and Somalia, as a result of grain-supply interruptions.

Aisling Finn, 05 September 2023
Sompo International adds four staff to leadership team in Italy

Sompo said the appointments highlight the carrier’s commitment to the Italian insurance market.

Samuel Casey, 05 September 2023

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