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Tokio Marine HCC (TMHCC) International, a member of the Tokio Marine HCC group of specialty insurance companies headquartered in Houston, Texas, has appointed Nicolas Pelletier to the newly created position of Head of Distribution – Europe. Pelletier takes up the role on 1 September 2026 and will be responsible for developing and strengthening the insurer’s…
Trium Cyber, a specialist cyber insurance and risk transfer provider, has announced that its Chief Executive Officer (CEO), Josh Ladeau, will step down from his role, with Dave Stanard, CEO of Trium Holdings, serving as Interim CEO of Trium Cyber. Ladeau joined Trium in September 2022 and has since played a pivotal role in the…
The Lloyd’s Market Association (LMA), the body representing the interests of Lloyd’s managing agents and members’ agents, has announced the appointment of Christiern Dart, Chief Executive Officer of MS Amlin, to the LMA Board. The LMA is governed by a Board that sets the overall strategy, direction and priorities of the Association. The Board is…
The U.S. property and casualty (P&C) industry recorded $31.2 billion in net underwriting income in the first half of 2026, nearly triple the $10.9 billion reported in the same period a year earlier, according to a recent report by AM Best. The report revealed that the P&C industry saw a 3% increase in net earned…
Carbon Underwriting Limited, a delegated authority underwriting specialist with its own Lloyd’s syndicate, has appointed Phil Wooldridge as its new Head of US Casualty and Deputy Active Underwriter, effective 28 September 2026. In his new role, Wooldridge will grow Carbon’s book of business for US policies covering long-tail casualty risks. He will work closely with…
MNK Group, the independent international insurance group, has completed the acquisition of 100% of Danish insurer ETU Forsikring A/S, following approval from the Danish Financial Supervisory Authority (Finanstilsynet). According to the announcement, MNK Group’s main focus is to strengthen ETU as a Danish insurer. By deploying fresh capital into the firm, the Group plans to…
Global professional services firm Marsh has launched Unity D&O, a new European directors and officers (D&O) insurance facility for private and public organisations with revenues up to €1 billion. The facility will be initially available in France, Belgium, Luxembourg, the Netherlands, Denmark, Finland, Norway, and Sweden, and has been designed to help organisations address uncertainty…
Willis, a WTW business, has appointed Trevor Madden as Head of Captive and Insurance Management Solutions, Asia Pacific (APAC), based in Singapore, effective 1 November 2026. In his new role, Madden will lead the firm’s regional captive and insurance management solutions business unit. He succeeds Joyce Chua, who is leaving the company to pursue personal…
Credit ratings agency AM Best has upgraded the Financial Strength Rating (FSR) of Bermuda-based re/insurer Aspen and its subsidiaries to A+ (Superior) from A (Excellent), as the Long-Term Issuer Credit Ratings (Long-Term ICRs) have been changed to “aa-” (Superior) from “a” (Excellent). The credit ratings agency had placed the re/insurer and its subsidiary under review…
The Insurance Council of Australia (ICA) told committee members that the tax, known as the Emergency Services Levy (ESL), is pushing up the cost of insurance for New South Wales (NSW) families and costing the economy half a billion dollars anually on top of the AUD 1.4 billion it collects. Currently, the levy adds around…