Beazley finds growing gap between business confidence and cyber resilience as risks intensify

Specialist Insurance Company Beazley’s Risk and Resilience: 2026 Cyber ​​Threats and Technology Advances Report, Based on insights from 3,500 business leaders around the world, a clear disconnect between how organizations view their ability to withstand cyber incidents and the scale of risk they face is identified. Beazley found that cyber risk remains the most important…

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Conduit Re CFO Elaine Whelan to retire in Q3’26

Elaine Whelan, chief financial officer (CFO) and executive director of Conduit Holdings, the ultimate parent company of Bermuda-based multi-line reinsurer Conduit Re, has informed the board of directors of her intention to retire. Whelan will continue in his current role to ensure a smooth transition and will resign from the Board of Directors and executive…

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Lynx Specialty joins with Property Guardian to strengthen wildfire risk underwriting

Lynx Specialty, an excess and surplus (E&S) insurance program specializing in commercial real estate, has partnered with Property Guardian to support its expansion into wildfire-affected markets. The arrangement is designed to give Lynx Specialty’s underwriters more precise property-level insights into wildfire risk, allowing the company to consider commercial risks that might otherwise be excluded under…

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Saudi Re completes surplus distribution, reverses SAR 53.5m

MENA reinsurer Saudi Re has completed the implementation of its reinsurance surplus distribution policy, a strategic move expected to significantly boost its financial performance in the coming months. In a statement submitted to the Saudi Exchange, the company confirmed that it has completed the necessary procedures to settle the accumulated surplus, thereby transferring back the…

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ICA urges greater federal investment in flood defences for local communities in Australia

The Insurance Council of Australia (ICA), the national body representing Australia’s general insurance industry, has urged a federal parliamentary inquiry to prioritize increasing funding for local governments to improve flood resilience in the face of more severe and more frequent extreme weather. Submitting its report into the Local Government Funding and Financial Sustainability Inquiry, the…

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Newport Specialty Partners completes first acquisition with majority stake in Complex Coverage

Newport Specialty Partners, a recently launched specialty insurance platform backed by Lovell Minnick Partners, has completed a majority investment in Complex Coverage, Inc., a New York managing general agency specializing in homeowners and personal lines. Newport Specialty Partners is focused on developing a diversified managing general agency and specialty insurance distribution platform and is strategically…

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Optalitix partners with H.W. Kaufman to support London Market scaling through Burns & Wilcox

Optalitix, an insurtech company specializing in underwriting and pricing solutions, has announced a strategic partnership with global insurance organization HW Kaufman Group to assist in the expansion of its London market operations through its wholesale insurance brokerage and underwriting arm, Burns & Wilcox. The arrangement is designed to enhance the way commercial property products in…

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