AmTrust Financial Services has entered into a definitive agreement with Blackstone Credit & Insurance (BXCI) to spin off certain Managing General Agencies and fee-based businesses in the U.S., U.K., and Continental Europe into a new independent company jointly backed by AmTrust and funds managed by BXCI.

According to Fitch Ratings, a global credit rating agency, US and Canadian insurance brokers are increasingly relying on larger acquisitions to maintain momentum as organic growth slows.

Gallagher, the global insurance and reinsurance broking group, has launched a new smart follow cross-class tracker facility called Galaxy, powered by InsurX and backed by Canopius, Munich Re, and others, it has been developed to connect facultative capacity from the London market with clients in Latin America.

Bermuda-based holding company, Assured Guaranty has named Mark C. Batten non-executive director to its Board of Directors, appointed to serve on the Board’s Audit, Risk Oversight and Finance Committees, effective February 19, 2024.

Aspen Insurance Holdings Limited, a provider of insurance and reinsurance solutions, has launched Aspen Data Labs, a new platform designed to advance its digital capabilities and enhance its focus on data and artificial intelligence (AI).