Somerset Reinsurance Brokers News & Blog

The African Reinsurance Corporation has reported an overall net profit for Q1 2025 of $22.5 million, marking an increase of 32.5% compared to a profit of $16.9 million achieved in the same period of 2024. According to the firm, the net income increase was driven by an improvement in underwriting profit, coupled with a higher […] The post Africa Re sees net profit climb 32.5% to $22.5m in Q1’25 appeared first on ReinsuranceNe.ws.

Cyberwrite, a cyber insurance technology firm, and Markel Insurance, the insurance operations within Markel Group, have expanded their partnership to enhance underwriting capabilities, broker enablement, and cyber risk modelling across Europe. Markel Europe has been leveraging Cyberwrite’s AI-driven technology to help underwriters assess and model exposures more effectively, and to communicate insights with underwriters, brokers, […] The post Cyberwrite and Markel Insurance expand partnership to advance cyber underwriting appeared first on ReinsuranceNe.ws.

Ategrity Specialty Holdings LLC has launched its initial public offering (IPO) of 6,666,667 shares of common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the SEC). Prior to the closing of the offering, the company will convert to a Nevada corporation named Ategrity Specialty Insurance Company Holdings. […] The post Ategrity Specialty could raise up to $106.7m from IPO appeared first on ReinsuranceNe.ws.

The Data Council, a cross-market body made up of senior representatives from key London Market organisations, has launched a high-profile campaign to encourage the widespread adoption of a single shared data standard. Backed by industry CEOs, the initiative aims to demonstrate how common data practices can remove friction, boost efficiency, and strengthen London’s position as […] The post Data Council leads industry push for shared data standards across London market appeared first on ReinsuranceNe.ws.

Howden Re, the reinsurance, capital markets, and strategic advisory division of Howden, an insurance intermediary group, has formed a Strategic Cooperation Agreement with Rivonia Road Capital, a US-based credit investment firm. This collaboration is focused on delivering tailored financing solutions to insurance agents, brokers, and other industry participants, with a special emphasis on the Dental, […] The post Howden Re and Rivonia Road Capital expand financing for insurance professionals appeared first on ReinsuranceNe.ws.

An Iowa amusement park’s former operator has agreed to pay an undisclosed amount to settle a lawsuit filed by the family of an 11-year-old boy who drowned on a water ride in 2021. A company that previously owned Adventureland park …

A majority of U.S. business owners are worried about supply chain disruptions from President Donald Trump’s sweeping tariffs, a survey by insurance brokerage Gallagher showed on Tuesday. The findings come as Trump’s tariff policies raise fears of renewed trade friction, …

Wildfires in Canada’s energy heartland of Alberta have shut down almost 350,000 barrels of daily heavy crude production — about 7% of the country’s output — as a major blaze near the province’s eastern border menaces oil sands operations. Cenovus …

Snack food maker Mondelez International is suing the Aldi supermarket chain, alleging the packaging for Aldi’s store-brand cookies and crackers “blatantly copies” Mondelez products like Chips Ahoy, Wheat Thins and Oreos. In a federal lawsuit filed Tuesday in Illinois, Chicago-based …

The number of former rugby players taking legal action against sports governing bodies on claims they suffered brain injuries during their careers has grown to more than 1,000, a British law firm said on Monday. Rylands Garth, based in London, …

A Texas bill on the verge of becoming law would require labels on packaged food from Skittles to Mountain Dew that warn about ingredients “not recommended for human consumption” by other countries. Texas Senate Bill 25, backed by Secretary of …