Allianz Partners: AI to replace nearly 1 800 jobs

Published on November 28, 2025
(Allianz Partners) According to German media reports, Allianz Partners, a subsidiary of the German multinational, plans to cut between 1 500 and 1 800 jobs over the next 12 to 18 months.
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Pen Underwriting reshapes marine practice, announces several leadership appointments

November 28, 2025
Pen Underwriting, a multi-class multi-territory managing general agent (MGA), has announced a number of leadership appointments within its specialist Marine practice and announced structural changes aimed at accelerating strategic growth and future expansion.All roles will be effective 1 January 2026 and report into Seb Simmonds, who currently serves as Managing Director of Pen Underwriting’s Publ

Market discipline key as negative rates hit most classes: Lloyd’s CUO

November 28, 2025
Rachel Turk, Chief Underwriting Officer at Lloyd’s, has acknowledged that rates have softened more quickly than anticipated, but emphasised that favourable trading conditions and ongoing market discipline are expected to drive strong performance for 2025.In the firm’s Q4 Market Message, the CUO highlighted pockets of concern, urging the market to be realistic about the challenges ahead in order to