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Global advisory, brokerage and solutions company WTW has appointed Oliver Pryce as head of corporate risk and brokerage (CRB) for Southeast Asia at Willis and Rupert Roberts as Asia chief commercial officer (CCO), both effective January 4, 2027. Price will be based in Singapore and succeeds Roberts, who will assume the newly created role. Price…
Insurance Australia Group Ltd (IAG) has submitted a set of proposed remedies to the Australian Competition and Consumer Commission (ACCC) to address the regulator’s competition concerns over its proposed acquisition of RAC Insurance Pty Limited (RACI) from the Royal Automobile Club of Western Australia. The deal, announced in May 2025, includes a 20-year exclusive distribution…
Ryan Specialty Underwriting Managers (RSUM), the underwriting management arm of Ryan Specialty, announced the appointment of Jeff Smith as Chief Executive Officer of the newly formed Ryan Specialty Renewables business, effective immediately. Ryan Specialty Renewables is the arm of RSUM that manages the general underwriting business and is focused on delivering renewable energy and energy…
Ryan Specialty Underwriting Managers (RSUM), the underwriting management arm of Ryan Specialty, announced the appointment of Jeff Smith as Chief Executive Officer of the newly formed Ryan Specialty Renewables business, effective immediately. Ryan Specialty Renewables is the arm of RSUM that manages the general underwriting business and is focused on delivering renewable energy and energy…
RBC Capital Markets, the investment banking and capital markets business unit of Royal Bank of Canada, expects the U.S. property and casualty (P&C) insurance industry to remain competitive, with soft prime property pricing and a possible rise in catastrophe losses that could impact earnings for insurers and insurance brokers. The real estate market continues to…
Marsh Risk, a Marsh Risk business, has launched MLOne, the first leading umbrella casualty compensation organization in the United States, designed to provide stronger protection and clearer claims coordination for clients operating in an increasingly litigious environment. The new business unit represents Marsh’s expanding excess casualty facilities, including the BX1 facility in Bermuda and the…
Dochterman Insurance, an independent commercial insurance brokerage focused on U.S. manufacturing, has launched a fully integrated cyber risk program that combines CyberCube’s cyber risk analysis platform with Resource Computer Solutions’ (RCS) IT assessment and CMMC 2.0 compliance services. Dochterman said the program provides manufacturers with a single point of contact for cyber risk identification, IT…
Gallagher Re, a global reinsurance brokerage and advisory firm owned by Arthur J. Gallagher & Co., announced the appointment of Michael Cipolla as interim vice president. In his new role, Cipolla will work with underwriters and colleagues to cultivate a team culture rooted in humility, communication and solution-oriented problem solving. He has more than 15…
Global credit rating agency AM Best maintained a stable outlook for Guatemala’s insurance industry, citing economic growth and controlled inflation supporting market expansion. The industry has demonstrated sustained premium growth over the past five years, with technical results benefiting from prudent expense control and sound pricing strategies. According to the latest report “Market Segment Outlook:…
MSIG USA, the U.S. specialty insurance subsidiary of global MS&AD Insurance Group, has expanded the board of directors of MSIG Holdings (USA), Inc. with the appointments of Darin Stafford, Thomas R. Sullivan and Marc Gallo. The company said the additions are designed to enhance its governance capabilities and support its long-term strategy as it continues…