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Venbrook Group, LLC, an independent U.S. insurance distribution and services company, announced the appointment of Awais Farooq as Chief Claims Officer. In his new role, Farooq will oversee Venbrook’s global claims business, focusing on driving strategy, enhancing service and delivering stronger outcomes for clients. He brings nearly two decades of experience leading high-performing claims teams…

Vienna-based managing general agent (MGA) POLARIS Reinsurance Solutions announces the appointment of Pascal Jaut as Head of Construction and Engineering. Headquartered in Vienna, Polaris Re is a subsidiary of Polaris Corporate Solutions GmbH and focuses on developing high-potential markets in Western and Eastern Europe and the CIS region. “With his extensive experience and proven track…

Insurwave, the London-based insurtech platform specializing in specialty insurance, has announced the appointment of Deepak Saigal as Chief Delivery Officer. In his new role, Saigal will be responsible for strengthening delivery execution across the business and ensuring Insurwave’s platform continues to meet the evolving needs of insurers, brokers, MGAs and multinationals. He will report directly…

kWh Analytics, a provider of climate and risk management for renewable energy projects, has successfully renewed its agreement with Aspen Specialty to expand support for its renewable energy asset and project property insurance products. As a result of this expanded partnership, kWh Analytics can now insure up to $100 million of eligible risks at each…

Morningstar DBRS highlighted in a recent report that as most sectors of the U.S. commercial property and casualty (P&C) insurance market are experiencing significant softening, the U.S. casualty line remains an outlier through the third quarter of 2025, with rates continuing to rise. Reasons for the rate decline include competition, strong market volume from earnings…

London-based Volt Underwriting, a Lloyd’s approved underwriter, has partnered with Novee to deploy an AI intelligence layer across its power and renewables portfolio. The partnership aims to improve underwriting efficiency by providing underwriters with practical risk insights while automating labor-intensive data processes. This includes tasks such as plan cleaning, which is critical for feeding data…

S&P Global Ratings expects most reinsurers to stay within their annual natural catastrophe budgets and deliver solid performance throughout 2025, noting that the industry is on track to exceed its cost of capital for the third consecutive year (2023-2025) and in 2026. In its “Global Reinsurance Industry Outlook 2026,” Standard & Poor’s stated that it…

Jim Williamson, president and chief executive officer (CEO) of Everest Group, praised the company’s reinsurance team for its outstanding performance in responding to a more challenging market at the time of renewal on January 1, while also saying that the reinsurer beat the real estate catastrophe market with a 10% global average rate decrease. Everest…

International specialty insurance company Ryan Specialty has appointed Stephen Stewart, president and CEO of Stewart Specialty Risk Underwriting, Ryan Specialty’s managing general underwriter (MGU), as CEO of Ryan Specialty Canada Limited. Headquartered in Toronto, Ryan Specialty Canada Limited is a newly established Canadian operating and holding entity responsible for Ryan Specialty’s underwriting management business in…

European property and casualty insurance group Marco Capital Holdings Limited has completed the acquisition of Malta-based insurance company Stewart Title Europe Limited. The transaction, first announced in December, has now received all necessary regulatory approvals and is fully completed. Stewart Title Europe Limited is a specialist insurance company that has been in the red since…