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Descartes and Nextpower launch parametric insurance solution for extreme wind conditions

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…

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Willis Re expands leadership team with two senior appointments in London and Bermuda

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…

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Aon names Steve Dando as Chief Broking Officer for its Global Broking Center

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,…

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Beach Point launches insurance solutions initiative led by Louis DiFranco

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…

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BILTIR appoints Todd Coslow as Director of Policy & Regulation

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…

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Duck Creek introduces multi-country layer enhancements as part of global expansion

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…

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US commercial insurance rates up 2.5% in Q1’26 amid softening trends: WTW

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,…

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