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SageSure secures $200m in reinsurance through expanded sidecar platform

SageSure, the specialist catastrophe-exposed property managing general underwriter (MGU), has closed its second reinsurance sidecar transaction with Seawall Re II Ltd., securing $200 million in capital.

Including th...


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LIRG strengthens global reinsurance capabilities with Mandarin Re agreement

Algorithmic Insurance Services, Inc., trading as LIRG (Latin International Reinsurance Group), a company providing data-driven reinsurance solutions, has signed a Delegated Underwriting Authority agreement with Mandarin Re Ltd., a Malaysian reinsurer.

The agreement grants LIRG’s platform the authority to underwrite and bind policies and contracts of up to $3 million ea...


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Data centres are insurable but size and scale pose challenges: Marsh execs

Marsh executives affirmed that data centres are an insurable asset class, however, their sheer size and scope create challenges, noting that these multi-billion-dollar facilities require careful risk engineering and strong engagement between project sponsors and re/insurers.

Speaking during the recent Digital Infrastructure Press Webinar hosted by Marsh, Mike Matthews,...


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Gallagher Australia appoints JD Veldsman as Chief Commercial Officer

Gallagher Australia, the local arm of the global insurance brokerage, risk management and consulting firm, has appointed Johannes-Daniel Veldsman as Chief Commercial Officer, where he will oversee the company’s specialist divisions and commercial strategy.

In the role, Veldsman will manage Gallagher Australia’s areas of specialisation and support the continued developm...


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Canopius delivers strong premium growth in 2025 as profit hits $467m

Canopius Group, an international specialty and property and casualty (P&C) re/insurance company, had a strong 2025 with profit after tax of $467 million, an increase of 16% on the prior year, as insurance contract written premium (ICWP) rose by 27% year-on-year to $4.5 billion.

For Canopius, ICWP has now almost doubled since 2022, growing by 96% over three years. I...


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