Category: Insurance

AM Best, a global credit rating agency and information provider specializing in the insurance industry, has confirmed the stable outlook for the global cyber insurance sector in its latest market segmentation report, Segment Outlook: Global Cyber ​​Insurance. The rating agency’s assessment reflects continued demand for cyber insurance despite a soft pricing environment, as well as…

Arch Insurance International, part of Arch Capital Group and a multi-disciplinary specialist insurance solutions provider, has promoted Sophie Law to Cyber ​​Underwriting Manager, effective immediately. In his new role, Law is based in London and reports to James Barrett, head of networks and healthcare. She will oversee underwriting activities across the entire cyber portfolio, covering…

Guy Carpenter’s Jennifer Paretchan recently told Reinsurance News that the growth in alternative capital is providing buyers with greater flexibility to build diversified reinsurance programs, with cedants increasingly seeking partners with access to traditional and alternative sources of capability. After the company released its July 2026 reinsurance renewal report, Paletchan noted that the expansion of…

Artificial intelligence security and research company Anthropic has appointed Monica Shokrai as head of commercial risk and insurance. In her new role, Shokrai will help strengthen Anthropic’s risk management and insurance posture to support safe, responsible and cutting-edge artificial intelligence research. She will work with the wider insurance industry to co-create an AI-centric future for…

Louisiana’s property and casualty (P&C) insurance market will see its first major rate cut in a decade in 2025, according to a new Triple-I report. However, the Triple-I CEO said significant headwinds remain and legal system abuse continues to be deeply embedded in the state’s claims environment, meaning continued legislative action is critical to making…

Yelhis Hernández has been appointed head of Latin America at Africa Specialty Risks (ASR), a reinsurance group focused on developing markets. In her new role in Mexico City, Hernández will be responsible for expanding ASR’s regional presence and driving its growth strategy, reporting to Chief Distribution Officer Amit Khilosia. Her responsibilities will focus on cultivating…

Stonybrook Risk Management, a licensed reinsurance intermediary and a wholly-owned subsidiary of Stonybrook Capital, has completed a parametric reinsurance transaction led by Dan Butzbaugh, global head of parametrics. While full details of the deal have not been disclosed, Stonybrook said it offers a “fast and clear” claims process with responses within days of the transaction…

Sidley, an international law firm that advises insurance companies and financial institutions on regulatory and transactional matters, has appointed Carl Hotton as a partner in its London M&A and private equity practice. Most recently, he served as a partner in the corporate sector at DLA Piper, specializing in insurance M&A and reinsurance transactions. Hotton has…

The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have proposed a “tailored and competitive” regulatory framework to enable businesses to establish their own captive insurance companies in the UK. The new proposals aim to establish the UK as the center of a fast-growing captive insurance market. The aim is to support the…

Global insurance and reinsurance broker WTW has announced the launch of a new version of its Geospatial Mortality Model (GMM) designed to provide enhanced forecasting capabilities to the U.S. pension risk transfer market. While U.S. pension plan sponsors already use GMM to set longevity assumptions, insurance companies can now use this new version. By integrating…