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…
Oliver Wyman names Bainbridge as General Counsel & Chief Compliance Officer
Global management consultancy Oliver Wyman has appointed Andrew Bainbridge as general counsel and chief compliance officer. Bainbridge takes on the new role from Paula McGlarry, who most recently served as global chief operating officer and chief of staff. Bainbridge will report jointly to Kate Brennan, Marsh’s general counsel, and Ted Moynihan, president and CEO of…
Severe weather outbreaks in US & Canada likely to cause losses reaching single-digit billions USD: Aon
Total economic and insured losses related to the severe weather outbreak affecting large swaths of the northern and central United States and southern Canada from June 5 to June 11 could total billions of dollars, according to Aon’s most recent weekly CAT report. Between June 5 and 8, a series of storm systems swept from…
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…
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,…
QBE adds Christopher Harris as Independent Non‑Executive Director
International insurer and reinsurer QBE has appointed Christopher Harris as an independent non-executive director to the QBE Group Board, with effect from 6 July 2026, subject to regulatory approval. Currently, Harris serves as chairman of QBE Capital. He has held this position since May 9, 2025 and has played a key role in promoting the…
