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Top Insurance-edge.net News

BMS Expands Into India with New Strategic Partnership

BMS Expands Into India with New Strategic Partnership

BMS Group has announced a strategic partnership with Berns Brett India, signalling its expansion into the Indian market, with the local entity set to be rebranded BMS (India) Ltd pending regulatory approval. Nick Gillett, CEO of BMS International, commented, “BMS’s regional investments from Turkey to India show the focus we are giving to these exciting areas of growth and our belief in their importance to the Group’s diversification and geograph…See the Story

Beazley Closes $300m Cyber Catastrophe Bond

Bermuda · Bermuda

Beazley Closes $300m Cyber Catastrophe Bond

Specialist insurer Beazley has secured $300 million of cyber reinsurance protection with its latest cyber catastrophe bond, PoleStar Re Ltd. (Series 2026-1). This is the fourth and largest 144A cyber catastrophe bond sponsored by Beazley under PoleStar Re Ltd. It means that as of today, the insurer has $670 million in cyber catastrophe bonds and over $1 billion of cyber excess of loss cover, making it the market’s largest and most comprehensive …See the Story

Urban Jungle partners Prestige Underwriting to launch non-standard home insurance offering

United Kingdom · United Kingdom

Urban Jungle partners Prestige Underwriting to launch non-standard home insurance offering

Prestige Underwriting and insurtech provider Urban Jungle have announced a new partnership to deliver non-standard home insurance through Urban Jungle’s digital platform. Under the agreement, Urban Jungle has launched the Prestige Underwriting Coverall policy under the “Select by Urban Jungle” brand. The move will allow customers with non-standard home insurance needs to obtain cover seamlessly via Urban Jungle’s digital channels and website, si…See the Story

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