The United Nations World Food Programme (WFP), the UN agency that provides food assistance and supports communities facing hunger and food insecurity, has joined CCRIF SPC as its first UN agency and multilateral organisation to purchase parametric insurance. The agreement is designed to improve access to emergency funding for vulnerable populations in Haiti and the…

Sproutr, an insurance programme design and product development firm, has announced the promotion of Jeff Breault to Head of Insurance. Breault leads the teams responsible for programme management, actuarial work, product development, compliance and filing across all Sproutr engagements. In the role, he directs the professional services Sproutr provides to its clients. He sets the…

Fenchurch Group Holdings, a specialist insurance group, has entered into a 50:50 joint venture with Meliora ESG Ltd, an environmental advisory firm, to bring environmental risk analysis and insurance provision together. The arrangement follows an equity investment in Meliora ESG by Fenchurch Group Holdings, Paul Chainey and Jamie Coyne, with the transaction completed on 4…

Brazil’s newly enacted Law No. 15,525/2026 is poised to narrow the long-standing fiscal gap between domestic and international reinsurers, encouraging insurance groups to establish or expand onshore captive reinsurers, according to a recent Fitch Ratings report. Fitch believes Brazil’s new tax law could encourage insurance groups to retain a larger share of risks in the…

Global property and casualty insurer Chubb has announced the appointment of Kathleen Warden as Head of Property and Casualty, Australia & New Zealand. Warden brings technical underwriting expertise and deep local market experience, instrumental skills to help Chubb the continued strategic growth of its P&C portfolio. The executive is rejoining Chubb following three years at…

W.R. Berkley Corporation is bracing for a continued pullback in its assumed reinsurance operations, warning that deteriorating market conditions across both casualty and property lines will likely drive a double-digit contraction in segment volume over the foreseeable future. Speaking during the group’s quarterly earnings call, President and Chief Executive Officer W. Robert Berkley Jr. noted…

Renew Risk, a specialist provider of risk analytics for renewable energy and energy demand assets, has expanded its severe convective storm (SCS) modelling capabilities for solar farms to cover all 48 contiguous US states. The company says its model is the first in the United States designed specifically to assess the impact of severe convective…

Moody’s, a global provider of financial data, risk analysis and business intelligence, has established the Moody’s Casualty Risk Intelligence Group (MCRIG), an initiative involving six founding organisations from across the insurance industry. AXA XL, Convex, Marsh, RenaissanceRe, Tokio Marine and Travelers are participating in the group, which aims to contribute research and analytical perspectives to…

Global insurance and reinsurance group, Everest has announced the appointment of Jamie Taylor as its new Global Head of Group Compliance and Regulatory Affairs. An experienced attorney, Taylor brings a decade of leadership and deep regulatory expertise to her new position. She initially joined Everest in 2016 as an Associate General Counsel, and was appointed…

Verve Risk Services (Verve), a specialist underwriting agency, has launched Verve Professions, a new unit expanding the firm’s mid-market errors and omissions (E&O) offerings to include architects, engineers, law firms and accountants domiciled in the US, appointing Jason Clark to head it. Verve was established in 2016 as an underwriting cell of Castel Underwriting Agencies…