Category: Insurance

Reinsurers have benefited from favorable economic conditions since the market turned in 2023, allowing them to outperform industry catastrophe trends, according to J.P. Morgan’s recent “Love Actuaries” report. Reinsurance pricing will surge by nearly 30% in 2023, according to Guy Carpenter. In addition to these significant rate hikes, structural changes within the reinsurance program have…

Lockton, a privately held independent insurance brokerage, has announced the appointment of Fiona Terry as managing director and national business leader of its Canadian global solutions team. The appointment is part of the firm’s strategy to expand its specialized risk management capabilities for Canadian businesses doing business internationally. Terry will play a key role in…

Arch Insurance North America, part of Arch Capital Group Ltd., has expanded its transactional risk insurance product capabilities with the launch of a new transactional liability team in the United States. The business will initially focus on providing representations and warranties and tax coverage products. William Carson will lead the team as senior vice president,…

Odyssey Reinsurance Company (OdysseyRe), the property and casualty reinsurance arm of Odyssey Group Holdings, Inc., a subsidiary of Fairfax Financial Holdings Limited, has appointed Chris Moore as Vice President (VP), Senior Property Underwriter. Moore returns to reinsurance after two years as senior director of reinsurance at Cincinnati Insurance Company. With over 18 years of industry…

The rapid construction of increasingly large and complex data centers, driven by growing investment in artificial intelligence (AI) infrastructure, energy systems and semiconductor manufacturing, has triggered a surge in insurance demand. According to Swiss Re’s Sigma 2026 report, ultra-large-scale capital expenditures on artificial intelligence are expected to reach $750 billion in 2026, and artificial intelligence-related…

Reinsurance broker Howden Re has appointed Thomas Fitzgerald as global head of client relations and deputy chairman. In his new role, Fitzgerald will lead global client and reinsurer relationships with a focus on client engagement and market innovation. He will work to deepen relationships, strengthen placement strategies and strengthen collaboration to improve outcomes for clients…

Alera Group, an independent national insurance and financial services company, has released its 2026 Property and Casualty Mid-Year Market Updateindicating that conditions in the commercial insurance industry are becoming increasingly favorable for many businesses. Alera Group said improved insurer profitability, increased competition and slowing premium growth were driving a more balanced market after several years…

Insurance and reinsurance solutions provider Sompo has appointed Martyn Benson as chief operating officer of its UK business as the company continues to develop its platform and capitalize on the opportunities arising from Sompo’s integration with Aspen. Benson has extensive experience in financial services consulting, operational improvement and executive leadership, with 10 years focusing on…

DUAL North America, a provider of specialty insurance solutions, announced the appointment of Sarah Ruble to the newly created role of senior vice president of business strategy. Ruble will operate the business in the areas of strategy, distribution and underwriting, serving as senior commercial business partner. The executive will work with DUAL’s leadership team to…

Arrow Risk Management (Arrow), a dedicated MGA underwriting platform, has established a marine insurance business, which will be led by Wayne Krause as Head of Underwriting. The new business will focus on ocean cargo and logistics-related risks, offering a wider range of ocean freight services including inventory throughput, project cargo and delays in start-up (DSU)…