Dominick Hoare to retire at year-end after more than 32 years with Munich Re
Dominick Hoare, chief underwriting officer of Munich Re’s Specialty, Global Markets and Active Underwriting Syndicate 457 Group, will retire at the end of 2026 after more than 32 years of service. Hall joined Munich Re in 1994 and held various senior underwriting and leadership roles during his tenure. He has a strong reputation in the…
US P&C insurance industry faces weaker growth in 2026 despite improved underwriting results
Potential growth in the U.S. property and casualty (P&C) insurance industry is expected to fall to -3.7% in the first half of 2026, down from 1.6% in 2025, as insurers continue to contend with catastrophe risks, inflationary pressures and rising claims costs, according to new forecasts from the Insurance Information Institute (Triple-I) and actuarial and…
Augment Risk appoints Crystal Maragh to Global Parametric Specialty team
Reinsurance and capital solutions broker Augment Risk has confirmed that Crystal Maragh has joined its global parametric specialist division in Miami. In this role, she will focus on supporting the growth and delivery of parametric trading, leveraging her experience in actuarial science, parametric product development and risk analysis, as part of the firm’s wider strategy…
LMG’s Data Council updates Core Data Record to support treaty reinsurance
Following consultation with Lloyd’s and 68 organizations across the London Market, London Market Group’s Data Committee has updated the Core Data Record (CDR) to version 3.3, introducing new data fields designed to support treaty reinsurance operations. The scope of the new v3.3 placement CDRs has been expanded from the current v3.2 standard covering open market…
CopperPoint to acquire General Indemnity Group in nationwide surety expansion
CopperPoint Insurance Company, a Phoenix-based specialty provider of workers’ compensation and commercial insurance solutions, has signed a definitive agreement to acquire General Indemnity Group (GIG), an insurance holding company focused on commercial and contract surety solutions in all 50 states and Washington, D.C. The transaction includes GIG subsidiary United Casualty & Surety Insurance Company (UCS),…
Premium renewal rates up YoY across nearly all major commercial lines: Ivans
Ivans, a division of Applied Systems, has released Ivans Index results for April 2026, showing year-over-year growth in average premium renewal rates for Commercial Auto, Business Owners Policy (BOP), General Liability, Commercial Real Estate and Umbrella. Conversely, workers’ compensation premium renewal rates declined during the same period. On a quarter-over-quarter basis, commercial auto, commercial property…
CFC appoints John Howard as Chair of its Board of Directors
CFC, a specialist insurance provider focused on emerging risks and recognized as a market leader in cyber insurance, has appointed industry veteran John Howard as chairman, subject to regulatory approval. Howard brings more than three decades of industry experience, including a strong track record in the U.S. specialty, CFC’s largest distribution market and a priority…
Lloyd’s warns AI is amplifying evolving cyber risk vectors and uncertainty in coverage exposure
In Lloyd’s second quarter market news, Rachel Turk, head of performance and strategy, warned that cyber risk vectors continue to evolve, with artificial intelligence adding further complexity and uncertainty through the use of threat actors and raising new questions around potential coverage. Lloyd’s has classified the network business for a “marginal” adequacy assessment, indicating significant…
The Fidelis Partnership rolls out AI-enabled Broker Connect with Howden as first partner
Fidelis Partnership (TFP) has announced the launch of Broker Connect, a new feature within its underwriting platform designed to significantly automate and streamline the pre-bundling submission process for complex risks, with Howden being the first brokerage partner to go live via ACORD ADEPT. TFP explained that ACORD ADEPT is one of the key platforms integrated…
Somerset Re is uniquely positioned to focus on both small and large transactions, says CEO Danish Iqbal
Somerset Re chief executive Danish Iqbal said the life reinsurer was in a unique position in the market, being highly regarded among players focused on smaller businesses and having a very strong balance sheet, while also having the expertise, track record and financial strength to focus on larger transactions. Speaking to Reinsurance News at the…
