Augment Risk outlines parametric opportunity as 2026 World Cup kicks off
As the 2026 FIFA World Cup gets underway, heightened risks highlight a range of weather-related hazards in host locations, prompting insurers to increasingly turn to parametric solutions to provide rapid liquidity when predefined conditions are triggered. Global specialist reinsurance broker Augment Risk has identified extreme heat as a widespread issue affecting several US host cities….
Guy Carpenter appoints Phil Xue as MD and COO for Mainland China and Hong Kong
Guy Carpenter, a global risk and reinsurance specialist and a Marsh business, announced the appointment of Phil Xu as Managing Director (MD) and Chief Operating Officer (COO) for Mainland China and Hong Kong, effective August 1, 2026. Xue has over 20 years of experience in the insurance and reinsurance sectors and has a proven track…
Porch uses captive reinsurer to buy shares from the Reciprocal
Porch Reciprocal Exchange (“Reciprocal”) has sold approximately 2.1 million shares of Porch Group, Inc. common stock to Porch for a total purchase price of $15.0 million in cash, equivalent to a purchase price of $17.70 per share. According to the announcement, the parties entered into a securities purchase agreement on June 10, 2026 after obtaining…
Nexus expands aviation underwriting division
Independent specialist managing general agent Nexus Underwriting has announced the appointment of James Brandejs as head of general aviation within its aviation team, reflecting the company’s continued investment in the growth of its aviation underwriting division. Brandejs joins the company with nine years of underwriting experience and an extensive general aviation background. His experience includes…
Nexus Underwriting expands aviation underwriting division
Independent specialist managing general agent Nexus Underwriting has announced the appointment of James Brandejs as head of general aviation within its aviation team, reflecting the company’s continued investment in the growth of its aviation underwriting division. Brandejs joins the company with nine years of underwriting experience and an extensive general aviation background. His experience includes…
Banyan Risk launches healthcare liability line in Bermuda with Mereo capacity
Banyan Risk Ltd, a Bermuda-based professional managing general agent (MGA), has launched healthcare professional liability products in Bermuda with strategic support from Mereo Insurance Limited (Mereo). The new healthcare series focuses on complex U.S. healthcare professional liability risks, including hospitals and allied health. Kim Morgan joins Banyan Risk as lead underwriter of the healthcare business,…
Specialty MGA appoints Smithson as Head of Global Financial Lines & Cyber
Specialty MGA, MNK Group’s managing general agent, has appointed Marcus Smithson as head of financial lines and networks. The appointment is in line with MGA’s overall strategy as it continues to expand its international expertise while focusing on building a differentiated product portfolio through its flexible MGA model and international distribution network. In his new…
Florida insurance market better positioned for ‘26 hurricane season, but yet to be fully tested: Fitch
Early forecasts point to a slightly below-average 2026 Atlantic hurricane season, and despite improving market conditions, Florida remains a key focus for the property insurance market, according to a recent Fitch ratings report. Despite the continued concentration of financial risks, the report also highlights that U.S. property and casualty insurers and reinsurers are well-positioned to…
MS Amlin adds Kirsten Mitchell-Wallace as CRO and Phil Young as CIO
Lloyd’s global reinsurer MS Amlin has appointed Kirsten Mitchell-Wallace as chief risk officer (CRO) and Phil Young as chief information officer (CIO), pending regulatory approval. The pair will join the reinsurer’s executive leadership team and report to MS Amlin CEO Christiern Dart. Dart commented on the appointments: “I am delighted that Kirsten and Phil will…
94% of US business owners fear insurance gaps, driving shift to integrated risk strategies: Gallagher
A recent survey by global insurance broker Gallagher shows that U.S. business owners are moving beyond passive risk management and integrating risk into the way they operate, invest and grow. Gallagher’s fourth annual Business Owner Survey, which included 1,000 business owners, highlights a broader shift toward more proactive risk practices, driven by increasing pressures on…
