Year: 2026

The global energy insurance market continues to weaken despite mounting losses and a more uncertain operating environment, according to the latest Energy Market Review from WTW firm Willis. The report noted that high levels of available capacity and continued competition continue to outweigh the impact of rising claims, social inflation and geopolitical developments, resulting in…

Mark McGrady will take on the role of new casualty director for Arch Insurance’s UK regional division, with immediate effect, leading underwriting strategy, product development and distribution. Based in Glasgow, McGrady will be responsible for spearheading the expansion of Arch’s casualty portfolio across its UK regional network, leading the underwriting strategy, product development and distribution…

Aon’s latest global catastrophe review shows that flooding and severe convective storms (SCS) caused the highest economic losses in the first quarter of 2026, with SCS highlighted as the most damaging hazard for insurers. The report analyzed global natural catastrophe activity in the first quarter of this year and found that insured losses reached $20…

Gallagher announces acquisition of UK-based Bridge Insurance Brokers Limited. Expand its real estate and construction capabilities. The acquisition has received regulatory approval. Terms of the deal were not disclosed. Founded in 1970, Bridge is a family-owned commercial insurance brokerage specializing in real estate, construction, corporate and private client insurance. The company has offices in Manchester…

Allstate Corporation, a U.S. provider of personal property and casualty insurance, announced that it expects catastrophe losses to total $1.24 billion in the first quarter of 2026, or $980 million after tax. While this number represents a significant impact from a severe weather event, it is a significant improvement from the record total disaster losses…

A survey published by the Lloyd’s Markets Association (LMA) in partnership with Barnett Waddingham and the LMA Next Generation Risk Committee found that artificial intelligence (AI) is now used across the majority of Lloyd’s Markets markets, with 93% of companies having or developing a formal AI framework to support adoption. The survey is based on…

AI12 Limited, the Dubai International Financial Center (DIFC)-based specialist insurance and reinsurance broker, has expanded its global specialist business with the appointment of Joseph Barness as Head of Maritime. In his new role, Barness will lead the broker’s ocean freight business unit with responsibility for hulls and machinery, ocean cargo, protection and indemnity (P&I) and…

NFP, a property and casualty broker and benefits advisor owned by Aon, has launched a dedicated flood practice for its individual risk clients and appointed Dana Sutton as its national leader. Sutton serves as NFP Vice President and has more than 15 years of experience dealing with complex flood risks across the United States. The…

Bermuda-based insurer and reinsurer AXIS Capital has announced the appointment of Aditya Dongre as head of Canadian property underwriting. In his new role, Dongre will work out of AXIS’s Toronto office and play a key role in guiding underwriting direction, working closely with brokers and colleagues to support thoughtful risk selection and sustainable portfolio growth….

Capgemini Research, the research arm of Capgemini, released the report Physical AI: Taking human-machine collaboration to the next level, Examine how advances in artificial intelligence are shaping robotics and the potential business value they may generate. The report describes physical AI as the transition from traditional automation to systems capable of acting autonomously in real-world…