Somerset Reinsurance Brokers News & Blog

S&P Global Ratings, the international credit rating agency, has stated that insurers across the Gulf Cooperation Council (GCC) are likely to maintain stable credit conditions despite the ongoing conflict in the Middle East. The agency underscores that its assessment is shaped by considerable uncertainty regarding how long the conflict will last and how far its […] The post GCC insurers’ credit conditions hold steady amid Middle East conflict: S&P appeared first on ReinsuranceNe.ws.

Arrowhead Programs, a managing general agency that designs and administers specialty insurance programmes, has launched Arrowhead Professional, a practice group that brings together seven US offices and more than 125 underwriting, claims, and operations specialists under a dedicated leader. Together, these teams managed over $175 million in gross written premium in 2025. The unified practice […] The post Arrowhead Programs unites professional lines capabilities under new practice group appeared first on ReinsuranceNe.ws.

The Hamilton Project, an economic policy initiative within the Brookings Institution that aims to advance America’s economic opportunity, prosperity, and growth, has proposed a federal reinsurance entity, US Re, that would sell reinsurance contracts to providers of U.S. homeowners insurance and reinsurance to cover the most extreme weather events. The new policy proposal, authored by […] The post Hamilton Project proposes federal reinsurer ‘US Re’ to stabilise homeowners market appeared first on ReinsuranceNe.ws.

The InsuResilience Solutions Fund (ISF) is co-funding the development and implementation of a national parametric insurance scheme designed to protect Indonesia’s coffee and cocoa farmers from the escalating risks of climate change. The initiative is a collaborative effort with Blue Marble Microinsurance, a London-based InsurTech company, and PT Asuransi Jasa Indonesia (JASINDO), a state-owned insurance […] The post ISF supports parametric insurance scheme to protect Indonesia’s coffee and cocoa farmers appeared first on ReinsuranceNe.ws.

B.P. Marsh & Partners Plc, an investor specialising in early-stage financial services businesses, has announced an investment in Ventura Risk Partners Holdings Limited, a newly established insurance broker focused on energy risks within the Lloyd’s and wider London insurance markets. As part of the transaction, B.P. Marsh has taken a 25% fully diluted equity interest […] The post B.P. Marsh invests in energy-focused start-up broker Ventura appeared first on ReinsuranceNe.ws.

A building where explosives were manufactured in Tennessee was not outfitted with a sprinkler system or fire protection system before a massive explosion killed 16 workers in October, the U.S. Chemical Safety Board said this week. It’s not clear if …

The Iran war is likely to raise uncertainty in the global terrorism and political violence insurance markets, particularly in the United States and Europe, according to credit ratings agency Morningstar DBRS, in a commentary on the war. While the insurance …

ALM Freight, LLC, an Amazon delivery service company, agreed to pay $47,000 and LMDmax Corp., ALM’s employment agency, agreed to pay $60,000 to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency …

Florida authorities have charged a contractor with underreporting payroll and avoiding more than $1 million in workers’ compensation insurance premiums. Jacques G. Denomme, of Port St. Lucie, was arrested in Martin County and released on bond earlier this month, after …

Legislation that would have waived building permits for jobs valued at up to $7,500 failed to pass the Florida House this year, but the key clause found its way into another bill that is now awaiting the governor’s signature. “A …

US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected to increase 4% to about $3,057 this …

Iran warned countries around the Persian Gulf that a number of energy assets are now “legitimate targets” after Israel attacked its giant South Pars gas field, sending further shockwaves through oil and gas markets. Facilities in Qatar, Saudi Arabia and …

Greek shipowners and other companies are scanning their computer systems for evidence of cyberattacks after advice from the National Cybersecurity Authority, two sources said on Wednesday following incidents that have been linked to the Iran war. The authority last week …

Gulf banks could face domestic deposit outflows of $307 billion if the Middle East conflict deepens, S&P Global Ratings said. An S&P report said it had seen no evidence of major outflows of foreign or local funding from banks in …

The U.S. Securities and Exchange Commission’s enforcement director has resigned just over six months after she started on the job, the SEC said on Monday, a sudden departure for an agency that has changed dramatically under Republican leaders. Former military …

Germany plans to encourage investments in data centers to at least double domestic capacity and to boost artificial intelligence data processing at least fourfold by 2030, the government said on Tuesday. In a bid to catch up with the dominant …

Construction is finished on a major Massachusetts offshore wind farm, the first project to reach this stage during President Donald Trump’s time in office. Offshore construction was completed Friday night on Vineyard Wind with the installation of the final blades, …

Patriot Growth Insurance Services announced it has acquired a new strategic partner, Morse Insurance Agency, a property/casualty insurance agency based in North Easton, Mass. Morse Insurance Agency operates multiple locations across the state, including offices in North Easton, Norton, Bridgewater, …