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The Nature Conservancy’s (TNC) Hawaiʻi coral reef insurance policy will pay for damage assessment and reef repairs for the first time since it purchased the US’s first such policy four years ago, following Hurricane Lala’s impacts this weekend, which brought dangerous flooding, strong winds and widespread power outages across the state. Active since 2022, the…
Price Forbes, a specialist insurance and reinsurance broker, has announced the appointment of Deborah Martinez Ojeda as Director, International Property. Martinez Ojeda brings deep market expertise and a strong track record of supporting clients across Latin America, with extensive experience placing complex property and reinsurance risks across Lloyd’s, London and international markets. She joins Price…
Clearwater Underwriting, a specialty underwriting business focused on marine risks, has expanded into a new line of business with the hire of Richard Hooks, who has been appointed as Managing Director, Upstream Energy. In his new position, Hooks will oversee the creation and growth of Clearwater’s Upstream Energy division, focusing on crafting a dedicated offering for…
Clear Group, the independent insurance intermediary, has acquired Newman Pearce & Partners LLP (NPP), a specialist Lloyd’s wholesale broker, further strengthening its presence in the London Market and accelerating its wholesale growth strategy. NPP is an independent Lloyd’s wholesale broker founded in 2019 by Gordon Newman, Neil Pearce and Colin Rogers. The business is headquartered…
A softening property and casualty market became clearer in the second half of 2026, as premium decreases across all account sizes accelerated to an average of 2.0% from 1.2% in the first quarter. The findings, according to The Council of Insurance Agents & Brokers’ Commercial Property/Casualty Market Report for Q2 2026, mark the second consecutive…
AM Best has moved the outlook on American Agricultural Insurance Company’s (AmericanAg) Long-Term Issuer Credit Rating (Long-Term ICR) to positive from stable, while maintaining the company’s Financial Strength Rating (FSR) at A (Excellent) and its Long-Term ICR at “a” (Excellent), with the outlook for the FSR remaining stable. AmericanAg, based in Indianapolis, provides reinsurance products…
Alliant Insurance Services, a US-based insurance brokerage and risk management firm, has promoted Martin Newman to Managing Director, Energy Operations, within Alliant Property & Casualty. Newman is based in Dallas and works with energy operators and private equity investors on risk and insurance solutions covering a range of exposures. In his new position, Newman will…
Alliant Insurance Services, a US-based insurance brokerage and risk management firm, has promoted Martin Newman to Managing Director, Energy Operations, within Alliant Property & Casualty. Newman is based in Dallas and works with energy operators and private equity investors on risk and insurance solutions covering a range of exposures. In his new position, Newman will…
AXA XL, the property and casualty specialty risk division of AXA, has promoted Steven Lawrence to the role of Head of Fine Art & Specie, UK & Lloyd’s, based in London, effective September 2026. Lawrence will continue to act as Global Practice Leader for Jewellers, Specie and Cash in Transit, a role he has held…
Global reinsurance broking and advisory firm Gallagher Re has appointed Pierre Guntzberger as Managing Director, Western Europe, Facultative, based in London. Guntzberger holds more than 20 years of reinsurance experience, having held a variety of senior positions across London and Paris. Gallagher Re added that, in particular, he has a strong track record of building…