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The Bermudian commercial insurance and reinsurance sector incurred USD 1.34 trillion in gross claims costs to policyholders and cedants globally between 2016 and 2025, underscoring the island’s role in supporting policyholders in advanced and emerging markets outside the US and Europe. Data drawn from Bermuda Monetary Authority (BMA) statutory filings and periodic claims surveys, reveals…
With global reinsurance capital climbing to a record $800 billion, insurers heading into the 1 January 2027 renewals have an exceptional opportunity to move from a defensive balance sheet management to strategic expansion. According to Aon’s recently launched Snapshot Guide to the Reinsurance Renewal report, this capital pool, which also includes record $144.5 billion of…
Global insurance brokerage and risk management firm Arthur J. Gallagher & Co. has announced a planned leadership transition within its executive finance team. Kyle G. Koreyva has been appointed Controller and Chief Accounting Officer, and principal accounting officer of Arthur J. Gallagher & Co, succeeding Richard C. Cary, who is set to retire. Cary will…
ICEYE, a company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, has partnered with The Water Institute to bring predictive flood intelligence platform FloodID, and its core development team to ICEYE. Built on Amazon Web Services via an Amazon grant, FloodID blends physics-based hydrologic modelling, machine learning, Earth observation data, and cloud…
Lockton has strengthened its Alternative Risk Solutions (ARS) practice with the appointments of Alejandro Reyes to Lockton ARS as Analytics and Innovation Leader, and Owen Meaney as US Parametric Leader. In his new position, Reyes will focus on helping clients optimise their risk financing strategies through data-driven insights and innovative solutions. The executive brings over…
Post & Co, a specialist marine and logistics managing general agent (MGA), has received regulatory approval to begin writing business as part of Rokstone, an international specialty re/insurance MGA. Aventum, Rokstone’s parent company, originally announced the acquisition of Post & Co – considered one of continental Europe’s most established marine underwriting businesses – back in…
MS Amlin, a global specialty commercial insurance and reinsurance provider and part of MS&AD, has appointed Sarah Reidy to the newly created role of Commercial Director. In her new role, Reidy reports to Martin Burke, Chief Underwriting Officer, and will serve as a critical link between MS Amlin’s underwriting teams and the senior leadership of…
Howden Re, the reinsurance, capital markets and strategic advisory business of Howden Group, and Synthetik Insurance Technologies, a leader in modelling political violence and terrorism perils, have launched UNREST, an analytics tool to better manage strikes, riots and civil commotion (SRCC) risk, through an exclusive partnership. Built on the heels of Synthetik’s srccQuantum, UNREST is…
EQT and McGill and Partners have revealed that EQT X (EQT) has entered into a definitive agreement to acquire a majority stake in McGill and Partners from Warburg Pincus for $2 billion. McGill and Partners was founded in May 2019 by Steve McGill alongside a core senior team that included John Lloyd, Stephen Cross and…
QBE Insurance Group, an Australia-headquartered international general insurance and reinsurance company, has announced the completion of the sale of its Global Trade Credit and Surety operations to Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group. The transaction, originally announced in February 2026, transfers the unit’s operations across Australia, New Zealand,…