Category: Insurance

W.R. Berkley Corporation is bracing for a continued pullback in its assumed reinsurance operations, warning that deteriorating market conditions across both casualty and property lines will likely drive a double-digit contraction in segment volume over the foreseeable future. Speaking during the group’s quarterly earnings call, President and Chief Executive Officer W. Robert Berkley Jr. noted…

Renew Risk, a specialist provider of risk analytics for renewable energy and energy demand assets, has expanded its severe convective storm (SCS) modelling capabilities for solar farms to cover all 48 contiguous US states. The company says its model is the first in the United States designed specifically to assess the impact of severe convective…

Moody’s, a global provider of financial data, risk analysis and business intelligence, has established the Moody’s Casualty Risk Intelligence Group (MCRIG), an initiative involving six founding organisations from across the insurance industry. AXA XL, Convex, Marsh, RenaissanceRe, Tokio Marine and Travelers are participating in the group, which aims to contribute research and analytical perspectives to…

Global insurance and reinsurance group, Everest has announced the appointment of Jamie Taylor as its new Global Head of Group Compliance and Regulatory Affairs. An experienced attorney, Taylor brings a decade of leadership and deep regulatory expertise to her new position. She initially joined Everest in 2016 as an Associate General Counsel, and was appointed…

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…