Verisk’s Catastrophe and Risk Solutions Group says economic losses from the June 24, 2026 earthquake in Venezuela could exceed $10 billion. The panel said the industry’s share of lost insurance is unusually difficult to estimate due to the country’s macroeconomic conditions, rising inflation, low insurance penetration and sanctions-related market complexities. Verisk, a strategic data analytics…

Global specialist property and casualty insurer and reinsurer Canopius Group has appointed Winnie Tay as underwriter of Financial Lines in Singapore, reporting to Robert Barnum, head of financial lines, Asia Pacific (APAC). In her new role, Tay is responsible for supporting the continued development of the reinsurer/insurer finance business’ underwriting capabilities within the region. Tay…

According to Accenture’s AI Progress Barometer, insurance companies have made the fastest progress in AI readiness compared to other industries globally, reflecting significant progress in transforming processes and modernizing their data foundations. Global professional services firm Accenture has released findings from its first-ever Artificial Intelligence Progress Barometer, which tracks how the artificial intelligence readiness of…

International specialty insurance company Tokio Marine Kiln (TMK) has announced the appointment of Alex Barnes as Head of Marine and Energy. Barnes, who has led the Marine and Energy Division on an interim basis since January 2026, now serves in the role permanently, effective immediately. She brings more than 28 years of underwriting and leadership…

Reinsurance buyers in the Middle East achieved significantly lower risk-adjusted rates during the July 2026 renewal period as ample capacity and intense competition accelerated market weakness across the EMEA region. Gallagher Re’s First View Renewal Report for July 2026 shows that reinsurance buyers have entered a period in which conditions have further favored them, allowing…

Bermuda-based specialty insurer and reinsurer SiriusPoint has appointed Mark Aspinall as head of its new Fine Arts and Coins team, effective January 2027. In his new role, Aspinall will be based in London and report to Chris Fenn, global head of maritime at SiriusPoint. He will be responsible for building SiriusPoint’s new fine art and…

London Engineering Group (LEG) has become an affiliate of the International Underwriting Association (IUA), the representative body for insurance and reinsurers operating in the London market. Founded in 1984, LEG is an insurance consultancy covering engineering risks, providing a forum for discussion and education, and publishing research and model clauses. IUA represents more than 80…

AI-native insurance company Corgi has announced the appointment of Johannes Els as head of portfolio risk. In his new role, Ells will lead Corgi’s insurance portfolio monitoring and risk strategy, overseeing portfolio risk discipline, reserving, technology pricing and capital model oversight across the company’s full-stack operating group. He has over 20 years of general insurance…

Incline P&C Group, a leading insurance program market services company, has entered into an expanded partnership with Accelerant, a data-driven risk exchange platform for the specialty insurance market. As part of the agreement, Incline will serve as a front-loaded carrier for Accelerant’s U.S. commercial specialty insurance portfolio of more than $500 million in annual gross…