Year: 2026

Recent geopolitical developments in Venezuela have brought tail risks to the global insurance industry back into focus, particularly in specialty property and casualty (P&C) lines across marine, aviation and trade credit in the Caribbean, according to a new report from Morningstar DBRS. It has been widely reported that U.S. troops have captured President Nicolás Maduro…

The Lloyd’s Market Association (LMA), the body representing the interests of managing agents and Lloyd’s brokers, has appointed Matthew Bellamy as underwriting director, who will join the agency at the end of 2026. In his new role, Bellamy will report to LMA chief executive Sheila Cameron and lead LMA’s underwriting team. In addition, he will…

Florida-based American Coast Insurance Company (ACIC) has renewed its 2026 All Other Perils Catastrophe Excess Loss Agreement (AOP CAT Agreement), providing up to $95.6 million in excess occurrence limits beyond the $10 million attachment point to limit ACIC’s losses from catastrophe loss events other than designated storms and earthquakes. The AOP CAT program, offered through…

Global specialist broker Price Forbes has announced the appointment of Dick Heath as Head of Reinsurance and Wholesale Business in Singapore, effective immediately. In his new role, Heath will be responsible for leading and developing Price Forbes’ reinsurance and wholesale businesses on its Singapore platform, maximizing growth opportunities and supporting the evolving needs of this…

CFC, an insurance provider specializing in carbon-related risks, has launched a new extension to its flagship cyber-responsive insurance for small and medium-sized enterprises (SMEs). This extension was developed to provide necessary protection to small and medium-sized businesses by addressing financial losses caused by incidental business interruptions (BI), such as a large customer canceling an order…

HDI Global has appointed its current HDI Global UK and Ireland chief financial officer (CFO) Simon Hunt as interim chief executive, while Ger Twomey will serve as interim chief financial officer. Both appointments will be effective on February 1, 2026 and are subject to regulatory approval. Stephanie Ogden, CEO of HDI Global UK and Ireland,…

Severe convective storms (SCS) that broke out in Queensland and New South Wales between November 21 and 27, 2025, caused an estimated $2.663 billion in losses to the insurance industry, according to Zurich-based catastrophe insurance data provider PERILS. PERILS’ preliminary industry loss estimates are based on data collected from affected insurance companies, covering property and…

Verisk, a global provider of data analytics and technology for the insurance industry, has announced the expansion of Tim Rayner’s responsibilities to include leading its underwriting and claims operations in the UK and Ireland, as well as its global life, health and travel businesses. In addition, Rayner will continue to be responsible for the Specialty…

Munich Re appoints Paolo Ghirri as CEO of Munich Re Italy, effective January 1, 2026. Ghirri has been with Munich Re Italy for more than 35 years, and his career has been marked by continued growth and increasing responsibilities, including key positions outside the company. Effective February 1, 2026, the role of Deputy CEO and…

Specialist insurer Brit Group Holdings Limited will underwrite Property D&F business in Bermuda through its reinsurance arm Brit Re, led by Property D&F Vice President Tom Ayton. Starting in January, Brit Re will underwrite U.S. and global property D&F, focusing on complex risks in the United States. Core interests for the new product will include…