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A widespread severe convective storm (SCS) across Europe between July 10 and 17, 2026 could cause significant economic and insurance losses, with total financial losses expected to be at least hundreds of millions of euros, and as damage assessments continue, the sequence has the potential to become a multi-billion euro industry event, according to a…
International specialist re/insurance managing general agent (MGA) Rokstone has secured a $1 million new capacity deal backed by Lloyd’s to launch specialist Autotransporter solutions as part of its plans to become a premier inland sea MGA. The transaction enables Rokstone to fill a critical gap in the market and expand the scale of its product…
Clear Group has announced financial results for the year ended October 31, 2025, delivering strong financial and operating results driven by the continued execution of its long-term growth strategy. Notably, Clear’s revenue increased 44% year-on-year, from £93 million to £134 million. In fiscal 2025, adjusted EBITDA increased by 67% from £27.7 million to £46.2 million,…
Global property and casualty insurer Chubb has appointed James Wixtead as executive chairman of its global reinsurance business, Chubb Tempest Re, and Michael O’Donnell as senior vice president of Chubb Group and president of Chubb Tempest Re, succeeding Wixtead. Chubb Tempest Re offers a broad range of traditional and specialty reinsurance products to a diverse…
RMA, Inc., a member company of North American large project management operating company Starwind Specialty, has appointed Rob MacKenzie as President, effective July 6, 2026. In her new role, McKenzie succeeds Claire Myles, who, after a distinguished career spanning three decades, has transitioned into an advisory role to support a seamless transition of leadership. Under…
Credit Ratings AM Best affirmed that the credit ratings of Vantage Risk Ltd. (Bermuda) and its subsidiaries remain unchanged following the appointment of former Arch Capital Group leaders Marc Grandisson and David Gansberg as executive chairman and chief executive officer (CEO), respectively, of Vantage Group Holdings. This confirmation applies to Vantage Risk Specialty Insurance Company…
Liberty Mutual Reinsurance Group (LM Re), a division of Liberty Mutual Insurance Group, announced the appointment of Tom Spurgeon as global head of cyber reinsurance. Spurgeon succeeds Ivonne Staisch, who left the company after seven years of service to pursue new opportunities. Based in London, Spurgeon will report to Susan Barber, head of financial risk…
Independent specialist insurance and reinsurance broker Price Forbes has confirmed the appointment of Adam Chapman as executive director of construction and energy. Chapman will join Price Forbes in June 2027, reporting to Paul Lewis, CEO of Price Forbes’ construction business. In this role, Chapman will be responsible for leading the deployment and delivery of insurance…
Travelers Chief Financial Officer Dan Frey said the company chose not to renew its personal lines catastrophe excess of losses (XOL) reinsurance treaty on July 1 because its enhanced enterprise-level catastrophe reinsurance program, which it entered into on January 1, provides a “more attractive way” to obtain needed reinsurance protection. “On July 1, we renewed…
Global specialist re/insurance broker Consilium has partnered with CyberCube, a provider of cyber risk analytics for the insurance industry, to support its global growth and help clients better understand cyber risk exposure. CyberCube’s brokerage management platform, available in more than 100 markets globally, is designed to help transform complex cyber risks into actionable, data-driven insights….