Convex Group Limited announced a new, long term ownership structure led by Onex Corporation, with American International Group, Inc. becoming a strategic minority equity investor in Convex. In addition to its equity investment in Convex, AIG will write a whole account quota share of Convex’s business from January 1, 2026. This new relationship is a strong endorsement of the quality of Convex’s leadership and underwriting capabilities.
Rokstone Construction Risk Underwriters launched a comprehensive general liability program. Rokstone is now the only market capable of writing both the large wood-frame builder’s risk and general liability for developers.
ReSource Pro acquired Supportive Insurance Services, a recognized leader in licensing and renewal services. With decades of expertise, SIS helps agents, brokers, adjusters and insurers navigate complex, state-specific regulations to mitigate compliance risks, avoid penalties and maintain uninterrupted operations.
People's Trust Insurance partnered with Flood Risk Solutions, a division of XPT, to integrate advanced flood products into PTI's comprehensive flood rating platform. This collaboration introduced proprietary Lloyd’s of London-backed flood insurance offerings, providing policyholders with up to $5 million in coverage limits for primary flood protection — delivering critical safeguards at a time when the National Flood Insurance Program, the U.S. government's primary flood insurance provider, remains unavailable due to ongoing funding and operational challenges.
MISSION has announced the launch of Diamond Head Specialty Underwriting, a program administrator delivering tailored executive liability coverage solutions to protect small businesses and leaders against emerging risks. This non-admitted product is backed by A-rated capacity and provides small businesses with directors and officers liability, employment practices liability, fiduciary liability, and fidelity/crime insurance. Diamond Head’s small business executive liability offerings are available in all 50 U.S. states, with $2 million, $1 million and $500,000 limit options.
Davies has signed an agreement to acquire SCM Insurance Services, Canada’s largest claims processing and risk solutions provider. The deal represents Davies’ largest strategic M&A addition to date and will allow the fast-growing tech-enabled firm to provide a full nationwide service across Canada, in addition to adding SCM’s U.S. operations to Davies’ existing U.S. footprint. SCM’s 1,500+ strong team of professionals across Canada and the U.S. will join Davies as part of the deal.
FM partnered with LPGA Tour rookie and rising star Lottie Woad. Woad's global reach and relentless focus on future success align perfectly with FM's strategy and brand. As part of the FM partnership, Woad will feature FM's logo on the front of her hat across all LPGA Tour and global golf events, starting at the ANNIKA driven by Gainbridge at Pelican tournament, which tees off on November 13. Woad will also participate in select FM client and employee events.
Ambac Financial Group, Inc. has rebranded to Octave Specialty Group, Inc., marking the next phase of its transformation into a leading specialty insurance platform. The company will begin trading under its new ticker symbol “NYSE: OSG” on November 20, 2025.
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