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CatIQ, a Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has disclosed its third industry loss estimate for the June 2026 flooding event in Canada, which impacted Montreal’s West Island and the surrounding area, placing the total at CAD 442 million. CatIQ said this third estimate gives a snapshot of the…
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has appointed Mike Flaherty as Chief Underwriting Officer (CUO), Wholesale Casualty, and Kyle Sternadori as Head of US Excess Casualty, effective 22 September, 2026. Sternadori is based in Short Hills, NJ, while Flaherty is based in Alpharetta, GA. The pair will report to Anna Tan, Head of…
INTX Insurance Software, a company providing a complete re/insurance operating system for P&C insurers, MGAs, reinsurers and captives, has expanded its presence and capabilities across the Bermuda market through a strategic partnership with Bespoke Analytics. INTX’s partnership with Bermuda-based Bespoke Analytics represents a significant step in its investment in the island, one of the world’s…
HDI Global UK & Ireland, the commercial insurance arm of HDI, has appointed Louise Radford as Active Underwriter for its planned Lloyd’s Syndicate 2029, as the business continues preparations for the new underwriting platform. Radford currently serves as Head of Financial Lines at HDI UK & Ireland and will retain responsibility for the division alongside…
Global reinsurance broker Marsh Re has appointed Keri Elborn as Managing Director (MD) of its London Capital and Advisory team, where he will play a key role in helping the firm further build its footprint and support clients. The broker explained that this appointment aligns with its long-term goal to continue supporting re/insurance clients with…
Allianz Commercial, the corporate insurance division of Allianz Group, has appointed Stephen Morton as its new Global Head of Captive Fronting and Captive Solutions, effective March 1, 2027, succeeding Brian McNamara, who will retire at the end of September. In his new position, Morton will be reporting directly to Lara Martiner, Global Head of Alternative…
Insurance and reinsurance broker Aon has announced a new leadership and governance structure for its Reinsurance Solutions business in Germany, effective October 1, 2026. Under the new structure, Phillip Esser has been appointed CEO of Reinsurance Solutions in Germany, based in Hamburg, while Volker Wahl will become Executive Chairman of Reinsurance Solutions. Esser brings extensive…
The 2026 Travelers Risk Index has revealed that while companies are more knowledgeable about cyber threats, more confident, and taking more preventive steps than they were a year ago, vulnerabilities remain, especially as artificial intelligence (AI) becomes embedded in everyday operations. Conducted by Hart Research on behalf of Travelers, the 2026 survey looks at the…
Jane Drummond has been announced as insurance and reinsurance broking group Aon’s new Global Chief Commercial Officer, taking over from Anne Corona, who was named CEO of North America for Aon earlier this year. Effective January 1, 2027, Drummond will report to Andy Marcell, Deputy CEO and SEVP, Risk Capital and Human Capital, and join…
Canada Life Re has delivered double-digit earnings growth for much of the past decade, with recent expansion driven by strong demand for Capital Solutions, supported by its strategy to remain disciplined, innovative, and client focused, according to CEO, Jeff Poulin. As Canada Life Re continues to originate attractive opportunities through a disciplined approach, Reinsurance News…