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Business Moves: MGA Nirvana Buys Arena From Ryan Specialty; Ryan Acquires Canada MGU SSRU; Bridgehaven Buys SureStone; Gallagher Re to Buy S. Africa’s Resilea
Dec 5 2025 // Specialty MGA Nirvana Acquires Arena From Ryan Specialty Specialty managing general agent (MGA) Nirvana announced the acquisition of Arena NV from Ryan Specialty. Financial terms of the deal, which was announced today,...
US E&S Outlook No Longer Positive: AM Best
Dec 1 2025 // AM Best revised its market segment outlook on the U.S. excess and surplus lines segment to stable from positive, the rating agency announced. The change comes as rates soften and premium growth moderates. “Although...
Africa Specialty Risks Launches Lloyd’s Syndicate 2454 in South Africa
Nov 26 2025 // Africa Specialty Risks (ASR), a re/insurance group that focuses on developing markets, announced the launch of Lloyd’s Syndicate 2454 in South Africa. Based in Sandton, ASR’s syndicate underwriters will...
Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies
Nov 24 2025 // Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. “Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global...
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance
Nov 21 2025 // American International Group Inc.’s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the veteran executive...
People Moves: XPT Specialty Adds Ornce to Workers’ Comp Division
Nov 21 2025 // Chris Ornce XPT Specialty, headquartered in New Haven, Connecticut, appointed Chris Ornce as a senior vice president in its workers’ compensation division. With over 15 years in the industry, Ornce has a reputation...
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