Category: Insurance

Verve Risk Services (Verve), a specialist underwriting agency, has launched Verve Professions, a new unit expanding the firm’s mid-market errors and omissions (E&O) offerings to include architects, engineers, law firms and accountants domiciled in the US, appointing Jason Clark to head it. Verve was established in 2016 as an underwriting cell of Castel Underwriting Agencies…

Price Forbes, a specialist insurance broking firm, has announced changes to its marine division’s leadership team. Paul Kearns will move into the role of Chairman of Marine, while Anthony Burnell-Nugent will take over as Chief Executive Officer of the division. Kearns has been with the business for more than 20 years, during which he has…

AM Best, the credit rating agency specialising in the insurance sector, has highlighted the continued impact of social inflation on US property and casualty insurers, with commercial motor liability among the lines facing significant cost pressures. In its latest special report, the company examines how rising litigation expenses and claims costs exceeding general economic inflation…

You Re, a managing general underwriter of US property and casualty treaty reinsurance, has announced the addition of two new capacity partners, rated A+ by S&P and A by AM Best, with combined capital of more than $1.3 billion. You Re is a full-service reinsurance MGU, underwriting and managing treaty portfolios on behalf of its…

The Insurance Managers Association of Cayman (IMAC), which represents insurance managers based in the jurisdiction, has recorded continued upward momentum in Cayman’s international insurance market, as the Cayman Islands Monetary Authority’s (CIMA) third-quarter licensing statistics disclose the issuance of eight new international insurer licenses. Of these eight, one was a Class B(i) licence while the…

Ategrity Specialty Insurance Company has reported a 52% increase in net income to $75.4 million for the first nine months of 2026, as premium growth and stronger underwriting profitability drove higher earnings year on year. Net income for the nine months ended September 30 rose to $75.4 million from $49.7 million in the same period…

Acrisure, a global fintech and UK insurance company, has announced the appointment of Andy Tedstone as Chief Executive Officer of its UK Retail business operations, effective in April 2027. In his new position, Tedstone will be responsible for driving the next phase of the business’s development, combining strong local leadership and specialist market expertise with…

MSIG UK, the UK arm of global insurance group MSIG, has announced two senior appointments as it continues to develop its leadership team and support its long-term business strategy. Tim Harris has been named interim Chief Underwriting Officer, subject to regulatory approval, while Stephanie Belcourt is joining the business as Claims Director. Harris previously held…

ICEYE, a company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, has partnered with OroraTech to expand its wildfire intelligence capabilities across the full lifecycle of an event. By integrating OroraTech’s thermal satellite data with ICEYE’s synthetic aperture radar (SAR) observations, the new capability enables governments, insurers, utilities, and other organizations to…

OneAdvent, the specialist MGA incubator, has announced the appointment of Sebastian Basso as Chief Digital Officer. In his new role, Basso will lead the company’s digital innovation strategy. He will be based in London and report to Tim Quayle, CEO of OneAdvent. Following Basso’s appointment, OneAdvent has established a dedicated digital innovation department, with Kristian…