The firms say the partnership merges Sage's fixed income and credit expertise with Cedar Trace's capabilities in ILS, catastrophe bonds, and reinsurance risk transfer

The ratings agency also affirmed the long-term issuer credit Rating of ‘a-’ (Excellent) for parent company NLV Financial Corporation

WTW has appointed Daphne Duan (Wheal) as director of strategic risk consulting (SRC) for Asia

BMS Group has completed the acquisition of Queensland-based Corporate and Commercial Insurance Brokers, further expanding its footprint in the Australian market

Cheryl Baker has stepped down from her role as head of North American risk management at Stellantis after nearly three years with the global automotive group

In his new position, Wangenheim will lead the firm’s sales, marketing and business development functions

Nelson Castellanos has joined as vice president of global markets and Fabien Guilhot has been appointed insurance technics director.

Insurers secured improved pricing, broader coverage, and more flexible terms at the June/July 2025 reinsurance renewals, amid rising global capital and strong competition among reinsurers

Known as the Captive Insurance Act of 2025, the legislation enables captive insurers to be licensed, domiciled, and conduct business in the territory

Based in Bermuda, Andrew Pryde will report directly to CEO Scott Egan and will lead the company's global risk management strategy

Marsh has reported a significant increase in captive insurance activity, with 92 new captive entities formed in 2024

Nick Serrault brings nearly two decades of experience, including almost 10 years in leadership roles at Lockton