Category: Insurance

The Fidelis Partnership (TFP), a specialty insurance and reinsurance group, has appointed Greg Bowman as Chief Executive Officer (CEO) of Bermuda, Mark Herget as Chief Underwriting Officer (CUO), Insurance Bermuda and Deputy Group Head of Property and Head of Property Binders, and Danny Mereu as CUO Bermuda. TFP explained that these appointments aim to strengthen…

Global insured losses from natural disasters reached USD $92 billion between January and September 2026, representing the lowest total for the first nine months of a year since 2019. According to Gallagher Re, the reinsurance broking and advisory firm, its latest Natural Catastrophe and Climate Report shows that insured losses were 29% lower than the…

Legal and General Assurance Society Limited (L&G) and the Trustee of the UBS (UK) Group Pension Plan have announced the successful competition of a £1.7 billion buy-in covering the UBS Section of the Plan, securing the benefits of more than 7,000 members. According to the announcement, the agreement is the largest announced UK pension risk…

DUAL, an international specialist underwriting business, has expanded its Title & Legal Indemnity insurance capabilities through a new international binder aimed at supporting complex property and cross-border transactions. The agreement is led by AXA XL, with additional backing from Liberty, Chaucer, AXIS and Intact, increasing the capacity available to clients and extending the geographical scope…

Sompo Japan Insurance, one of Japan’s largest property and casualty (P&C) insurers, has joined CyberCube, a provider of cyber risk analytics for the insurance industry, to upgrade its underwriting and portfolio management infrastructure across Asia. The Tokyo-based insurer has spent the past several years building its cyber capabilities, developing a tailored cyber offering for its…

PERILS, the independent Zurich-based provider of catastrophe insurance market data, has released its second industry loss estimate for the severe convective storms (SCS) that affected Germany, France, Switzerland and Italy from 13 to 19 July 2026, placing losses at EUR 2,806 million. From 13 to 19 July 2026, a wave of SCSs was triggered by…

Meta’s Muse AI agents may pose a longer-term risk to loss costs if savvy consumers use them to navigate, and potentially litigate, insurance claims, according to Autonomous analysts. In a recent report, Autonomous put Meta’s Muse to work across shopping, payments, deposit management, investing and insurance to assess what AI assistants can do with consumers’…

American Modern Insurance Group, a specialty insurer and part of global reinsurer Munich Re, has appointed Angela Homm as its new President and Chief Executive Officer (CEO), succeeding Kevin Morreale. Homm takes up her new position on March 1st, 2027, and brings almost 20 years of industry experience to her new role. She has a…

During a fireside chat at the annual AIRROC conference in New Jersey yesterday, Paul Brockman, CEO of legacy specialist RiverStone International, highlighted the difference in underwriting discipline between the live and retrospective markets, emphasising that discipline should sustain rather than constrain growth. The second day of the 2026 AIRROC conference, which brings together re/insurance professionals…

Rokstone, an international managing general agent (MGA) specialising in specialty re/insurance, has appointed Airlie Isted ACII as an underwriter in its growing Specialty Reinsurance division. Isted joins Rokstone after four years at Antares Managing Agency Ltd, where she advanced from Assistant Underwriter to Underwriter in April 2024. She entered the insurance industry in 2018 through…