Fundamental Global Inc. (FG Nexus) has announced it has entered an agreement to sell a majority stake of its FG Reinsurance Division (FGRe) to Devondale Holdings LLC, led by industry veteran Tom Heise. This strategic transaction intends to position the new entity as a pioneer in tokenized reinsurance. The deal will see FG Nexus receive […] The post FG Nexus to sell FG Reinsurance Division, Heise to serve as CEO appeared first on ReinsuranceNe.ws.

Willis, a WTW business, has announced the launch of Captive Fit, an analytical and strategic service designed to help companies optimise their captive insurance arrangements. The service leverages WTW’s Igloo platform, a risk analytics modelling solution used by more than 1,000 users across 150 property and casualty insurers. Willis noted that Captive Fit addresses the […] The post Willis launches Captive Fit to optimise captive insurance programmes appeared first on ReinsuranceNe.ws.

Global insurance and reinsurance broker Marsh reported in its latest Global Insurance Market Index that worldwide commercial insurance rates fell, on average, by 4% in Q3 2025, continuing the 4% decline observed in Q2 2025. John Donnelly, President, Global Placement, Marsh, said, “With the exception of US casualty, clients are benefiting not only from lower […] The post Commercial insurance rates fall in Q3’25 as competitive market proves advantageous: Marsh appeared first on ReinsuranceNe.ws.

The Cyber Monitoring Centre (CMC) has disclosed that the recent cyberattack targeting Jaguar Land Rover (JLR) inflicted an estimated £1.9 billion in financial damage across the UK and disrupted more than 5,000 organisations, marking the most economically devastating cyber incident in the nation’s history. For those in need of a reminder, in late August 2025, […] The post Jaguar Land Rover attack most economically damaging cyber event to hit UK: CMC appeared first on ReinsuranceNe.ws.

Starr, an insurance and investment organisation, has announced that it has obtained registration from the International Financial Services Centres Authority (IFSCA) to establish a branch office in the Gujarat International Finance Tec-City (GIFT City), India. Starr is a global insurance and investment organisation offering commercial property and casualty products, as well as a range of […] The post Starr authorised to offer re/insurance and establish branch office in GIFT City, India appeared first on ReinsuranceNe.ws.