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Insurance holding company W. R. Berkley Corporation has merged Verus Specialty Insurance and Vela Insurance Services under a shared leadership structure to create a new specialty insurance business called Berkley Meridian. The new business will be led by Marlo M. Morrison as President, and combines the underwriting capabilities, leadership talent, and expertise across construction, professional…
HDI Global, a commercial and industrial insurer within the HDI Group, has reported an 8% increase in insurance service result to EUR 465 million for the first half of 2026, compared to EUR 430 million in H1’25. Alongside this, the insurer’s insurance revenue remained stable at EUR 5 billion in H1’26 due to currency effects…
Antares Global, an international specialty insurance and reinsurance group, has promoted Mat Storr to Head of Reinsurance, reporting directly to Martin Campbell, Chief Underwriting Officer and Active Underwriter. For the last four years, Storr has served as Class Underwriter, Property Treaty, for the re/insurer. His remit as Head of Reinsurance includes leading the ongoing development…
Japan’s Toa Re has reported a strong increase in consolidated profitability for the year ended March 31, 2026, with ordinary profit rising by more than a third and net income attributable to owners of the parent increasing by almost 38%, despite a modest decline in net premiums written. Net premiums written fell 0.9% to ¥273.4…
Global reinsurance broking and advisory firm Gallagher Re has launched its Digital Risk Practice, bringing together specialist expertise in AI liability, data centres, cyber and digital risk engineering to help insurers and reinsurers “understand, quantify and manage” evolving technology-related risks, with Ian Newman serving as Global Head of Digital Risk alongside his existing role as…
Global specialty re/insurance company Ascot Group has announced the appointment of Ann Marie G. O’Flynn as Executive Vice President, Casualty Facultative Hybrids/Automatics. O’Flynn is a highly accomplished reinsurance leader with over 25 years of experience in casualty and professional lines underwriting, business development, account management, and client engagement. The executive is joining Ascot from Everest…
Reinsurance industry giant Munich Re has agreed to acquire At-Bay, a US-based InsurSec provider offering cyber insurance and risk management services, for an enterprise value of $575 million, strengthening its position in the cyber market. Once the transaction is closed, which is expected in the first quarter of 2027, At-Bay will be overseen by Hartford…
Moody’s, a global provider of credit ratings, research and risk analytics, assesses that casualty insurance is at an earlier stage of analytical development than property catastrophe insurance, but is beginning to show some of the characteristics of a maturing analytical market. The US commercial casualty market represents approximately $300 billion in annual premium, making it…
AM Best has assigned an A- (Excellent) Financial Strength Rating and an “a-” (Excellent) Long-Term Issuer Credit Rating to Ledgebrook Specialty Insurance Company and Stonehaven Specialty Insurance Company. Both Delaware-domiciled insurers form Ledgebrook Insurance Group (LIG), which is part of Ledgebrook Inc., a technology-enabled insurance business based in Boston, Massachusetts. The ratings reflect LIG’s very…
Insurance holding company W. R. Berkley Corporation has appointed Hena Choi as the new Head of Casualty for Berkley Re Asia, based in Singapore. Choi has over two decades of experience across casualty underwriting, financial lines, and specialty products. She brings a wealth of expertise and leadership that will complement Berkley Re’s existing regional capabilities,…