The Insurer - More capacity is poised to enter the renewable energy insurance market in 2025 as carriers look to gain a greater share of the expanding industry, with clients set to benefit from lower deductibles and broader terms alongside reduced rates, according to Nardac Insurance Services.

Arthur J Gallagher has continued its agency roll-up strategy with a deal to acquire Murray Gardner Insurance Agency Inc, trading as BMR Insurance.

Saudi Reinsurance Company has received shareholder approval to increase its capital by 30 percent through the issuance of new shares subscribed to by Saudi Arabia’s Public Investment Fund.

Bermuda’s P&C (re)insurance industry improved its resilience in 2023 thanks to price improvements, tightening terms and conditions, limit and aggregation management and favourable investment returns, according to a report by the Bermuda Monetary Authority.

Florida Insurance and Reinsurance Company has appointed Jeremy Baczkiewicz as chief underwriting officer.

The UK Supreme Court has refused Allianz permission to appeal an important judgment on pandemic-related business interruption insurance, in what has been described as a major win for policyholders.

UK MGA Alps has appointed Michelle O’Reilly as managing director, replacing the long-serving Ian Micklewright who is departing after more than 20 years with the business.

California-based Inszone Insurance Services has continued its run of M&A activity with the acquisition of Coe Agency LLC, an independent insurance agency specialising in health and benefits solutions.

Financial losses from Storm Enol, which impacted parts of western Europe between 20-23 December, are expected to reach the tens of millions of euros, according to Aon's latest weekly cat report.

Premier League football club Liverpool FC has settled a long-running legal dispute with a group of UK insurers over the payment of claims related to business interruption losses suffered as a result of the Covid-19 pandemic lockdowns.