Category: Insurance

Descartes Underwriting, a specialist in enterprise parametric re/insurance solutions for climate and emerging risks, and Nextpower™, a provider of solar and power technology solutions for utility-scale power plants, have partnered to launch a comprehensive parametric insurance solution for extreme wind conditions. By leveraging in-situ wind data from Nextpower weather stations, the new product is designed…

Willis Re, the reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has appointed Jonathan Ogilvie as global head of non-maritime specialties and Chris Dart as head of Bermuda Treaty reinsurance, effective immediately. London-based Ogilvy and Bermuda-based Dart will lead their respective teams to oversee portfolio performance and support the continued expansion…

The Natural Hazards Commission Toka Tū Ake (NHC) has secured a record NZ$12.3 billion in reinsurance protection until 2026, a 20 per cent, or US$2.1 billion increase on last year’s NZ$10.3 billion plan. This insurance will provide New Zealand homeowners with substantial financial protection in the event of a major natural disaster. The National Health…

Global professional services firm Aon has appointed Steve Dando as chief brokerage officer of its Global Brokerage Center (GBC), effective July 1. As Chief Brokerage Officer, Dando is responsible for developing the brokerage strategy for London-based GBC, Aon’s wholesale and specialty brokerage business. He will reportedly strengthen market relationships while leading the integration of analytics,…

Global alternative investment firm Beach Point Capital Management LP has launched a strategic insurance solutions program focused on expanding partnerships with insurance companies and delivering tailored investment solutions on its platform. The move reflects Beach Point’s ongoing commitment to serving institutional investors through expertise and dedicated client solutions. The company believes that private markets play…

Bermuda International Long-Term Insurers and Reinsurers (BILTIR), the association representing long-term insurance companies and reinsurers in Bermuda, has announced the appointment of Todd Coslow as Director of Policy and Regulation. In his new role, Koslow will lead BILTIR’s involvement in regulatory and legislative matters affecting the long-term re/insurance industry in Bermuda. He will work closely…

Duck Creek Technologies, a provider of software to the property and casualty insurance industry, announced the expansion of its global platform strategy and support for insurance companies operating in international markets. Building on its commitment to helping operators scale globally, Duck Creek has enhanced its multi-country architecture and announced a strategic investment to support the…

Blake Gleeson has been appointed to the newly created role of Chief Client Officer at Gallagher Australia in Perth, effective June 1, 2026. Gleason will leverage his three decades of industry experience to help enhance the customer experience and achieve greater consistency across departments as the business continues to grow across the country. Gleeson joins…

Global insurance and reinsurance brokerage WTW’s latest Commercial Insurance Pricing Survey (CLIPS) shows that U.S. commercial insurance rates rose 2.5% in the first quarter of 2026, marking the third consecutive quarter of slowing interest rate increases. Year-over-year, U.S. commercial insurance rates declined from an overall price increase of 5.3% in the first quarter of 2025,…

Global re/insurance broker and risk advisor Aon has announced the appointment of Lauren Pratscher as chief brokerage officer for the company’s middle market P&C brokerage business. Pratscher brings more than two decades of industry experience to her new role, most recently as Director of Casualty Resettlement for Newfront (acquired by WTW in 2026). Prior to…