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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,…

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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…

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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…

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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…

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Glen Riddell succeeds James Beedle as SRA Chair

The Singapore Reinsurers Association (SRA) has announced its new leadership team following its recent executive committee meeting, which includes the appointment of Glen Riddell as chairman, succeeding James Beedle. Established in 1979, the SRA is an industry trade association representing financial institutions licensed by the Monetary Authority of Singapore (MAS) to conduct reinsurance business in…

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Growing private market links increase interconnectedness across European financial institutions: S&P

S&P Global Ratings, a global provider of credit ratings, research and risk analytics, reports that expanding private markets are creating closer ties between banks, insurance companies and alternative asset managers across Europe, increasing interconnectedness within the financial system. In a report released on June 11, 2026, Private market linkages strengthen interconnections among European financial institutions,…

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