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Accelerant expands Lloyd’s partnership with launch of ARX Consortium

Accelerant, a data-driven risk exchange platform for the specialty insurance market, has expanded its partnership with Lloyd’s of London through the formation of the ARX Alliance, which is reportedly backed by seven well-respected consortiums. Accelerant said the launch of the ARX Alliance enables Accelerant Risk Exchange to combine its high-quality premium flow with the security…

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Everest makes key leadership changes within Global Wholesale & Specialty

Everest Group, Ltd., a global leader in specialty reinsurance and insurance, has appointed Stephen Buonpane as global head of global wholesale and specialty lines (GWS) Construction and promoted Danielle Stewart to president of Everest Evolution™, both effective October 1. In this newly created role, Buonpane will reportedly lead Everest’s global construction business, driving underwriting strategy,…

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Venezuela quakes to generate more than $10bn in economic losses, insured impact remains uncertain: Verisk

Verisk’s Catastrophe and Risk Solutions Group says economic losses from the June 24, 2026 earthquake in Venezuela could exceed $10 billion. The panel said the industry’s share of lost insurance is unusually difficult to estimate due to the country’s macroeconomic conditions, rising inflation, low insurance penetration and sanctions-related market complexities. Verisk, a strategic data analytics…

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Canopius names Allianz’s Winnie Tay as Underwriter for Financial Lines in Singapore

Global specialist property and casualty insurer and reinsurer Canopius Group has appointed Winnie Tay as underwriter of Financial Lines in Singapore, reporting to Robert Barnum, head of financial lines, Asia Pacific (APAC). In her new role, Tay is responsible for supporting the continued development of the reinsurer/insurer finance business’ underwriting capabilities within the region. Tay…

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Insurance sector leads in AI readiness improvements: Accenture

According to Accenture’s AI Progress Barometer, insurance companies have made the fastest progress in AI readiness compared to other industries globally, reflecting significant progress in transforming processes and modernizing their data foundations. Global professional services firm Accenture has released findings from its first-ever Artificial Intelligence Progress Barometer, which tracks how the artificial intelligence readiness of…

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EMEA reinsurance market experiences continued softening at July renewals: Gallagher Re

Reinsurance buyers in the Middle East achieved significantly lower risk-adjusted rates during the July 2026 renewal period as ample capacity and intense competition accelerated market weakness across the EMEA region. Gallagher Re’s First View Renewal Report for July 2026 shows that reinsurance buyers have entered a period in which conditions have further favored them, allowing…

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London Engineering Group to become affiliated with IUA

London Engineering Group (LEG) has become an affiliate of the International Underwriting Association (IUA), the representative body for insurance and reinsurers operating in the London market. Founded in 1984, LEG is an insurance consultancy covering engineering risks, providing a forum for discussion and education, and publishing research and model clauses. IUA represents more than 80…

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Corgi appoints Joe Els as Head of Portfolio Risk

AI-native insurance company Corgi has announced the appointment of Johannes Els as head of portfolio risk. In his new role, Ells will lead Corgi’s insurance portfolio monitoring and risk strategy, overseeing portfolio risk discipline, reserving, technology pricing and capital model oversight across the company’s full-stack operating group. He has over 20 years of general insurance…

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