Cayman Islands applies for NAIC Qualified Jurisdiction Status (QJS)

The Cayman Islands has submitted an application to the US National Association of Insurance Commissioners (NAIC) for Qualified Jurisdiction Status (QJS), marking a long anticipated milestone. The NAIC, a standard-setting body governed by chief insurance regulators from all 50 US states, the District of Columbia, and US territories, coordinates state-level regulation to protect consumers and…

Read More

Aon appoints Brad Lorimer as CEO of Canada

Aon, a global professional services company that provides advice and solutions across risk, capital and human capital, has appointed Brad Lorimer as CEO of its Canadian business, taking up the position on 1 September 2026. Lorimer will be responsible for Aon’s operations across the country, with a focus on helping clients respond to business challenges…

Read More
aon logo

Aon launches Sidecar X offering up to $200m in capacity

Aon, a global insurance and reinsurance broker and risk advisor, has launched Sidecar X, marking the latest evolution in its Sidecar platform designed to link insurance capital with complex transactional risks. Providing up to $200 million in capacity, the Global Sidecar Platform covers tax insurance as well as representations and warranties products. The platform also…

Read More

Envelop Risk to transition SPA 1925 into full Lloyd’s syndicate in 2027

Envelop Risk, a cyber reinsurance and analytics specialist, has received in-principle approval from Lloyd’s to launch Envelop Syndicate 1925. Transitioning from Special Purpose Arrangement (SPA) 1925, the syndicate is set to begin underwriting on January 1, 2027. The launch builds on SPA 1925’s successful track record at Lloyd’s, driven by Envelop’s innovative use of data…

Read More

Dynamic Reinsurance appoints Carmen Yudici bru as Global President

Dynamic Reinsurance, a firm specialising in tailored reinsurance risk transfer solutions, has announced the appointment of Carmen Yudici bru as Global President. In her new role, Yudici will work alongside Francisco Hernández, Global CEO of Dynamic Reinsurance, to drive the next phase of the firm’s growth by strengthening its global leadership structure and advancing its…

Read More
deal handshake mergers and acquisitions

Orbital Sentry secures new capital to bring continuous satellite monitoring for wildfire risk

Orbital Sentry, a deep-tech startup building persistent infrared imaging systems for geosynchronous orbit (GEO), has announced the close of a pre-seed funding round led by Ridgeline, with participation from Superorganism and Hustle Fund. With the newly secured capital, Orbital Sentry can move into its next phase of growth, specifically by helping to accelerate the development…

Read More

PERILS decreases insured loss estimate for extratropical windstorm Nils to €695m

PERILS, a Zurich-based catastrophe insurance data provider, has disclosed a reduced loss estimate for extratropical windstorm Nils, also known as Ulrike, of EUR 695 million, which affected the Nouvelle-Aquitaine and Occitanie regions in southwest France from 11 to 13 February 2026. This is the third industry loss estimate for the extratropical windstorm, and compares to…

Read More