Somerset Reinsurance Brokers News & Blog

Assurex Global, a privately held commercial insurance, risk management, and employee benefits brokerage group, has launched AG London, a London broker purpose-built for the independent community. Consolidation has reshaped the London market, with much of it dominated by both publicly traded and private equity–backed brokers. “Independent firms increasingly found themselves without a true seat at […] The post Assurex Global launches insurance broker AG London appeared first on ReinsuranceNe.ws.

Consilium, a speciality re/insurance wholesale broker, has announced plans to establish a new office in Kingston, Jamaica, subject to regulatory approval, with Max Pragnell serving as Managing Partner for the office. The Kingston location is part of Consilium’s ongoing expansion of its international operations. The office will combine local expertise with the company’s technology platform, […] The post Consilium to open new office in Kingston, Jamaica appeared first on ReinsuranceNe.ws.

Guy Carpenter, a reinsurance and risk advisory firm, reports in its Global Specialties Market Update on the current dynamics shaping the Credit, Bond & Political Risk (CBPR) market. According to Guy Carpenter, the global insurance environment remains volatile, influenced by ongoing geopolitical tensions and economic uncertainty that have persisted over the past five to six […] The post CBPR market shows strong profitability and strategic reinsurance moves: Guy Carpenter appeared first on ReinsuranceNe.ws.

Accelerant, a company that operates a data-driven Risk Exchange for specialty insurance, has established a risk capital partnership with AF Specialty, the specialty programme and delegated underwriting division of Michigan-based AF Group. The arrangement is intended to increase the capacity available to Members of the Accelerant Risk Exchange, which connects specialty underwriters with a variety […] The post Accelerant expands risk capital network through partnership with AF Specialty appeared first on ReinsuranceNe.ws.

According to Gartner, Inc., a research and advisory firm specialising in business and technology insights, risk, audit, and compliance leaders should work toward developing what the company calls “reflexive risk ownership.” This approach describes a future state in which business leaders consistently and automatically identify, address, and manage risks. Speaking at the opening keynote of […] The post Gartner outlines “reflexive risk ownership” as the future of organisational risk management appeared first on ReinsuranceNe.ws.

Two years ago, extreme rainfall inundated Hong Kong, turning roads into raging rapids, submerging cars and flooding malls, making it one of the city’s most costly weather events ever. When another round of record-breaking rains drenched the city last month, …

Uber Technologies Inc. was sued by the US Justice Department over claims that the ride-sharing giant discriminates against people with physical disabilities in violation of federal law. The department’s civil rights division alleged in a complaint filed Thursday in federal …

The US will defend American companies from digital and environmental regulations taking effect in the European Union that may unfairly target them, according to the new US ambassador to the EU. Concerns include the digital services and the digital markets …

Rhode Island is on the road to requiring that all school buses have video systems to help monitor traffic violations and keep students, aides, and bus drivers safe. Governor Dan McKee ceremonially signed the legislation (S0568A/H5421Aaa) into law at Pleasant …

An early look by AM Best at the financial results of the U.S. property/casualty industry revealed insurers recorded an estimated $11.2 billion in net underwriting income in the first half of 2025. Last year after the first six months, the …

ATLANTA (AP) — A Georgia judge on Tuesday said he will toss the racketeering charges against all 61 defendants accused of a yearslong conspiracy to halt the construction of a police and firefighter training facility that critics pejoratively call “Cop …

Duffy Insurance Agencies in Lynn, Massachusetts announced it has acquired the Sartori Insurance, a family-run agency that has served the Lexington, Massachusetts community for more than 50 years. The Sartori team will continue to operate from the agency’s Lexington office …

One quarter of more than 200 heat waves that occurred worldwide this century may have been impossible without human-induced global warming. Emissions from the world’s largest fossil fuel and cement companies played a significant role in worsening those events, according …