Category: News

Reinsurance brokerage Howden Re, part of brokerage group Howden, reported that Australia and New Zealand (ANZ) reinsurance renewals on July 1 essentially delivered a 10% to 15% reduction in no-loss business rates as protection buyers increased vertical limit purchases. Analysis by Howden Re shows some cedants actually received fee reductions of more than 15 per…

Global consultancy, brokerage and solutions company WTW has announced that Nick Holmes has taken on a larger role within the organization, adding responsibilities for placements across CEEMEA (Central and Eastern Europe, the Middle East and Africa) in addition to his current responsibilities as Head of Western European Placements. During his tenure at WTW, Holmes will…

Carbon Underwriting Limited, an authorized underwriting specialist with its own Lloyd’s syndicate, has signed a major growth equity investment agreement with FTV Capital, a global industry-focused growth equity firm. The deal was led by Mike Vostrizansky, Richard Earnshaw and Max Weber from FTV. Carbon said the investment will accelerate the growth of its mandated underwriting…

Guy Carpenter, the reinsurance brokerage arm of Marsh Group, expects reinsurance companies to continue to achieve profitable returns in 2026, estimating that the reinsurance industry’s return on equity (ROE) will reach 16.6% this year. In his July 2026 reinsurance renewal report, Guy Carpenter reported a return on equity of 16.6%, down from 18.9% in 2025,…

Specialist managing general agent (MGA) Euna has strengthened its medical underwriting team with the appointment of Sharon Brennan as senior medical underwriter and Rosie David as medical underwriter, as the company continues to expand its medical malpractice services to meet growing demand for specialist medical insurance. The appointments follow a period of strong performance across…

Global insurance and reinsurance brokerage and risk advisor Aon has announced the appointment of Yue Yang as managing director of Cyber ​​Solutions EMEA. Yang has over 15 years of industry experience, with a background spanning online brokerage and management consulting. She joins Aon from Marsh UK Retail Networks where she was responsible for delivering cyber…

Credit rating agency Moody’s raised Munich Re’s Insurance Financial Strength Rating (IFSR), one of the world’s largest reinsurance companies, to Aa2 from Aa3, and its subordinated debt rating to A1(hyb) from A2(hyb). At the same time, Munich Re America’s IFSR was upgraded from Aa3 to Aa2. The outlook for both entities has been revised to…

Preliminary estimates suggest that combined economic and insured losses from severe convective storms (SCS) in the United States between June 18 and 25, 2026, could reach billions of dollars, according to brokerage group Aon’s weekly Cat Report. From June 18 to 25, severe weather affected parts of the Gulf Coast, central United States, and High…

The Reinsurance Association of America (RAA), the trade association representing property and casualty reinsurers operating in the United States, announced the appointment of William Fawcett as director of resources and the RAA Reinsurance Education Institute. In his new role, Fawcett will oversee initiatives designed to strengthen and expand the RAA’s position in industry education, while…

New York-based managing general agent Mayflower Specialty, Ltd. and multinational specialty carrier Hadron have launched the first dedicated affirmative action AI liability program in the United States. The policies, underwritten by Mayflower and issued through Hadron, expressly cover the entire management liability triad: Errors and Omissions (E&O), Employment Practices Liability (EPL) and Directors and Officers…