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ShoreOne Insurance Managers, Inc., a provider of specialty insurance solutions to homeowners and institutions, has been acquired by Totalis Program Underwriters. Terms of the deal were not disclosed. ShoreOne will continue to operate as an independent business unit within Totalis, with Cameron Rhodes succeeding Nick Steffey as CEO, according to the announcement. Rhodes and Steffey…
Markel International, the specialty insurance arm of Markel Group Inc., has appointed Camilla Roughan as senior energy underwriter, effective immediately. In his new role, Roughan will be responsible for underwriting Markel’s upstream and midstream energy portfolio. Her responsibilities include strengthening underwriting discipline while further developing relationships with brokers and clients. By refining portfolio focus and…
For the year ending December 31, 2025, Ping An Insurance (Group) Co., Ltd. of China’s property and casualty insurance business maintained stable growth and strong performance, with insurance revenue increasing by 3.3% year-on-year to RMB 338.912 billion. In 2025, Ping An Property & Casualty’s premium income will be 343.168 billion yuan, a year-on-year increase of…
Independent insurance broker Lockton has announced the appointment of Patrick Häusler as Head of Business Development at Lockton Switzerland. In his new role, Häusler will be based in Zurich and work closely with colleagues in Switzerland, the wider region, London and the United States to drive growth and bring Lockton’s global capabilities to the Swiss…
hyperexponential (hx), a pricing and underwriting decision-making platform for commercial property and casualty reinsurance, has partnered with Banyan Risk, marking MGA’s first deployment of hx’s full agency underwriting suite in the US, UK, Canada and Bermuda markets. The hx platform is now expected to be the core of Banyan’s underwriting stack, orchestrating pricing, submissions, governance…
DUAL Group, an international professional underwriting institution, announced the promotion of Scott Sayce to Group Chief Commercial Officer (CCO), effective April 1, 2026. In his new role, Sayce will report to DUAL Group CEO Richard Clapham and will also join the DUAL Group Executive Committee. He has more than two decades of industry experience with…
As the use of agent-based artificial intelligence becomes mainstream, Munich Re says the technology is expected to shape the scope, speed and precision of offensive and defensive cyber measures. The global reinsurer’s recent report, Cyber ​​Insurance: Risks and Trends 2026, highlights a world defined by geopolitical tensions, armed conflict and increased industry competition ahead, as…
Farmers Insurance, the largest California-based property casualty insurance company, has appointed John Pham as chief strategy and risk officer. In his new role, Pham reports to Farmers Group, Inc. CEO Raul Vargas. He will work across the enterprise to help translate strategy into measurable business results, focusing on improvements in execution discipline, operational excellence and…
Algorithmic Insurance Services, Inc., a wholesale broker trading as LIRG, has provided $15 million in quota share (QS) reinsurance to New York-based managing general agent DLT Alert. Reinsurance Support has launched a new suite of embedded parametric cyber warranty products for system providers of cyber security solutions. The first program will go live next week…
Corebridge Financial, Inc., an American multinational financial services company, and Equitable Holdings, Inc., a financial services holding company, have entered into a definitive agreement to merge in an all-stock merger that will value the combined company at approximately US$22 billion based on the closing prices of each company as of March 25, 2026. The merger…