According to the latest Global Insurance Market Index (GIMI) released by Marsh, global commercial insurance rates fell 6% in the second quarter of 2026, the eighth consecutive quarter of decline, driven by ample capacity and fierce competition from insurers across all major product lines. “Insurers’ strong profitability, excess capital, lower reinsurance costs and improving investment…

Global specialist reinsurance brokerage Consilium has appointed Samuel Outram as managing partner of its energy risk solutions division, expanding its specialist energy capabilities. Outram is a broker with over 17 years of experience in the upstream and midstream energy markets, with deep expertise in operator well premiums/controls, energy-related PD and energy packages. Most recently, he…

BirdsEyeView, a technology provider of natural hazard modeling and risk management solutions to the insurance industry, has announced a multi-year partnership with Market Lane Insurance Group, one of Australia’s largest independently owned Lloyd’s underwriters. Through this partnership, Market Lane Insurance Group and its related brands will leverage BirdsEyeView’s CERA® platform to support their catastrophe risk…

RenaissanceRe maintained underwriting discipline in a softer and more competitive market in the second quarter of 2026, with CEO Kevin J. O’Donnell saying strong underwriting performance “anchored” results, with the reinsurer delivering $599.1 million in underwriting revenue and a combined ratio of 72.8%. While underwriting revenue was essentially the same as the $601.7 million in…

Aon plc, a global professional services firm focused on risk, retirement, health and wealth solutions, has appointed Brian Fomby as Managing Director of PathWise North America, part of the firm’s Strategy & Technology Group, effective July 27, 2026. In this role, Fomby will report to Van Beach, global head of lifestyle solutions for Aon’s Strategy…

KYND, a cyber risk intelligence provider that helps businesses and insurers understand and manage cyber risks, warns that as organizations introduce artificial intelligence tools without always disclosing their use, insurers could accumulate hidden AI-related risks in their portfolios. In its latest white paper, The Wild West of AI Risks, KYND says the immediate challenge for…

CatIQ, a Toronto-based independent organization that provides industry-wide catastrophe insurance data, has disclosed final industry loss estimates for the 2024 Jasper wildfires in Alberta, with total insured losses of C$1.304 billion. The figure, released two years after the devastating fires that ripped through Jasper National Park from July 22 to August 17, 2024, is considered…

Flood Re is a joint government and insurance industry scheme designed to help eligible UK households at risk of flooding access flood insurance. The scheme published its annual report and accounts for the year ending 31 March 2026, revealing that the scheme currently supports around 353,000 policies and has helped more than 742,000 households since…

Weak reinsurance markets and lower property catastrophe rates are weighing on Marsh’s reinsurance unit in the second quarter of 2026, but executive leadership believes strong growth opportunities remain in the industry. In the second quarter of 2026, global reinsurance broker and Marsh business Guy Carpenter’s revenue fell 2% on a GAAP and underlying basis to…

France-based global reinsurer SCOR has announced the appointment of Laurent Sabatié as head of natural catastrophe risk in London. In his new role, Sabati will play a vital role in further strengthening the company’s capabilities in the critical area of ​​natural disaster risk. His primary responsibilities include refining SCOR’s risk perspective, improving its modeling capabilities,…