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According to Gallagher Re, North American guarantee renewals are proceeding in an orderly manner as of January 1, 2026, characterized by a revival of interest from existing players and the emergence of new market players. Despite lingering economic uncertainty, the market remains profitable through 2025. This stability enables cedents to optimize their plans, provided they…

Marsh Risk, the insurance brokerage arm of Marsh, has appointed James Crsk to the newly created position of head of its global supply chain practice, based in London. In this role, Crask will combine Marsh Risk’s existing supply chain insurance and risk consulting expertise and leverage advanced analytics and cutting-edge technology, including Marsh’s AI-driven supply…

Markel Group reported that its insurance business, Markel Insurance, reported a 3% increase in gross premiums written to $2.32 billion in the fourth quarter of 2025 from $2.25 billion in the year-earlier period, compared with a 4% increase for the full year of 2025 to $10.6 billion, compared with $10.3 billion in fiscal 2024. The…

Allstate Corporation announced financial results for the fourth quarter of 2025, with total revenue of $17.3 billion, an increase of 5.1% from the same period last year, and net profit of $3.8 billion, compared with $1.9 billion in the same period last year. The insurer also announced full-year 2025 financial results, with total revenue up…

BDO, a professional services provider, has expanded its global footprint and enhanced its ability to serve clients with Bermuda domiciled structures with the official launch of BDO Bermuda. The expansion underlines BDO’s commitment to providing audit and advisory services across the region, with Bermuda representing a jurisdiction of strategic importance for international business, particularly in…

ACORD, the global standard-setting body for the insurance industry, has appointed Yolanda Austin as Vice President (VP) of Standards Engagement and Clarissa Montecillo as Managing Director (MD) of ACORD UK. Both appointments underscore the organization’s commitment to driving digitalization in the global insurance industry and providing leaders with the expertise and vision to drive industry-wide…

London Market Group (LMG) said that while the size of the London market has doubled over the past decade to a global warming potential (GWP) of $187 billion, contributing £61 billion to UK GDP, some smaller jurisdictions have reportedly grown faster in recent years, highlighting the need for new capital, high-quality young talent and technological…

Global specialist property and casualty re/insurer Canopius Group has announced the appointment of Adrian Phipps as chief people officer, effective June 2026. Phipps will succeed chief human resources officer Barbara Turner, who will retire later this year after more than a decade with the organization. In his new role, Phipps will lead Canopius’ people strategy…

Kevin J. O’Donnell, president and chief executive officer (CEO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said he expects the supply and demand dynamics seen at January 1 renewals in real estate catastrophes to continue into mid-year renewals, but believes the robustness of rate adequacy will produce results similar to those the company achieved in January 2026….

Beazley Bermuda Insurance Limited (BBIL), a new Bermuda-based entity of the London-based specialist insurance and reinsurance company, has been assigned an A (Excellent) financial strength rating and an ‘a+’ (Excellent) long-term issuer credit rating by credit rating agency AM Best. The outlook on these ratings is stable. The rating is consistent with the preliminary credit…