Client Coverage
In an interview with Global [Re]Insurance at RVS2025, Northern Re managing partner, Anthony McKelvy reveals that the Cayman and New York reinsurer is targeting European cedants for structured casualty reinsurance solutions.
McKelvy explained that collateralised capacity for casualty is moving from niche to mainstream. During the interview, he also argued that collateralised capacity should be seen as a complement rather than a replacement for traditional reinsurance.
“Realistically, we are one tool in the belt, usually alongside traditional reinsurance and other financing. The same way you diversify a portfolio, you diversify the capital stack as well,” he added.
AmTrust and Blackstone Credit & Insurance (BXCI) have entered into a definitive agreement to spin off several of AmTrust’s MGAs and fee businesses in the US, UK, and Europe. The deal will lead to the formation of a new independent company, under a new brand name, to be named in the future. AmTrust will establish a 10-year capacity arrangement with the new company and will continue as the underwriter for the existing books of business offered through the MGAs.
The agreement covers seven AmTrust subsidiaries: ANV, Risico, Collegiate, AmTrust Nordic, Arc Legal, Qualis, and Abacus with a staff of more than 700 people. Adam Karkowsky, currently president of AmTrust, will serve as chairman and CEO of the new company
“We are very pleased to partner with Blackstone to unlock the substantial embedded value that we have built in our global MGA and fee businesses,” said Barry Zyskind, chairman and CEO of AmTrust.
IQUW Re Bermuda has announced an expanded product suite, with the additions of Mortgage, Credit, and Cyber Reinsurance to its portfolio.
This development marks the next stage in IQUW’s progress in Bermuda, underscoring the platform’s profitable growth and developing a reputation as one of the island’s recent success stories.
Stephen Young, CEO of IQUW Bermuda, said, “We are incredibly proud of the strong team we’ve built in Bermuda. Backed by our A- AM Best rating and a robust capital base, launching Mortgage, Credit, and Cyber Reinsurance products is the natural step forward. We’re well-positioned to serve reinsurance markets with data-led underwriting and to adapt to evolving risk appetites.
SiriusPoint has invited Martin Hudson to join the board of directors. Key to Hudson’s appointment is his four decades of international reinsurance leadership, spanning underwriting, risk management, governance, and executive management.
He has served as an independent non-executive director and chair of the board for a multitude of companies, including SiriusPoint International Insurance, and has held senior executive positions at Travelers Insurance, Mitsui Sumitomo Insurance, and Old Mutual Specialty Insurance.
Bronek Masojada, chair of the board, says: “Martin brings an exceptional track record in underwriting leadership, governance, and board stewardship across a number of organisations in our industry. his experience of working with businesses through both challenging remediation phases and successful growth strategies will be invaluable”.
Anthony Kerr has been appointed as senior client manager and claims advocate at New Dawn Risk. With more than 35 years of experience across Lloyd’s and company markets, Kerr will focus on enhancing the firm’s claims support for professional liability clients.
“Tony is one of the most experienced and respected claims professionals in the market,” said Max Carter, CEO of New Dawn Risk Group. “He has worked with many of London’s foremost insurers across both the Lloyd’s and Company markets, and his expertise in handling complex professional liability claims will be an invaluable asset to our clients. His appointment marks a significant step in the continued growth of our Professional Risks team.”
Kerr previously served as claims manager at Munitus Insurance and has held senior claims roles at St Paul Specialty Underwriting, Wellington Underwriting, Catlin, Brit and Beazley. His experience includes handling multi-jurisdictional claims for law firms, financial institutions, accountants and construction professionals.
MS Reinsurance (MS Re) has reported a profit of $102 million for the first quarter of the fiscal year, up $28 million from $74 million in the same period a year earlier. The company’s combined ratio improved to 87.3%, down 2.4 points from 89.7% , benefiting from significant premium growth driven by continued business expansion with well-managed and diversified portfolios.
Net premiums written totalled $2.07 billion, up $292 million from $1.78 billion. Net premiums earned amounted to $840 million, up $126 million from $714 million.
MS Re recorded a net income of $65 million, down $16 million from $81 million a year earlier.
International General Insurance Holdings (IGI) has reported its financial results for the second quarter and first half of 2025.
Net income for the quarter ended June 30 was $34.1 million, up 3.9 % from $32.8 million in the same period of 2024. For the first six months of the year, net income totaled $61.4 million, down from $70.7 million a year earlier.
Group president and CEO Waleed Jabsheh said: “Current market conditions are generally healthy though becoming more competitive in some areas of our portfolio, both by line of business and by geography. Our strategy, expertise and footprint are specifically geared towards managing the cyclicality and volatility of our business, where lines and markets behave largely independent of each other.”
From roof-mounted solar panels and automated warehouses to electric vehicle depots, green technologies are transforming commercial property risk profiles.From roof-mounted solar panels and automated warehouses to electric vehicle depots, green technologies are transforming commercial property risk profiles.
In an article for Insurance Journal, Charles Tinworth, IQUW’s senior underwriter, Property D&F, discusses how, with evolving building codes and global sustainability regulations, ESG is no longer optional for businesses – or their insurers. Mr Tinworth examines the important part Property underwriters have to play in helping clients to navigate these new risks, to ensure that their operations are protected.