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ALPS Insurance, a U.S. specialty insurance company focused on providing professional liability coverage to legal professionals and law firms, has entered into a definitive agreement to acquire Ohio Bar Liability Insurance Company, a provider of legal malpractice insurance to attorneys, the company confirmed with the Ohio State Bar Association, the professional body representing Ohio attorneys….
Brandan Holmes, senior credit officer at Moody’s, said one of the key challenges facing the insurance and reinsurance industry is managing, assessing and pricing data center risk, noting that historical data is limited and modeling is complex due to a variety of unique engineering and risk factors. During Moody’s Ratings’ virtual media briefing, Holmes emphasized…
Howden Re, the reinsurance arm of global brokerage group Howden, has appointed Tim Radford as managing director and head of Lloyd’s Capital, part of the company’s capital solutions platform. The reinsurance broker said the appointment strengthens its leadership in market capital and investor engagement at Lloyds. In his role, Redford will play a key role…
SEADRIF Insurance Company and the United Nations World Food Program (WFP) have launched a parametric insurance policy in Lao People’s Democratic Republic, providing up to $1.1 million in pre-arranged financing to provide timely support to communities affected by extreme weather events and other natural disasters. The policy brings together government, humanitarian and disaster risk financing…
New England Asset Management (NEAM Limited), a leading asset management company specializing in investment solutions for insurance and reinsurance companies, has appointed Giri Singh as head of European business development for its London branch. The company said the appointment was part of its ongoing efforts to expand its insurance asset management business in the UK…
WTW’s risk advisory and insurance brokerage arm Willis has released its latest Insurance Market Reality Reportexamines how geopolitical tensions and the continued expansion of digital infrastructure are impacting the global insurance industry. Willis said in the report that political risk is becoming a broader concern in the international market, and its impact extends beyond individual…
Skyward Specialty Insurance Group, a property and casualty (P&C) specialty insurance company, reported first-quarter 2026 net income of $49.7 million, an 18.2% increase from $42.1 million in the same period a year earlier. In the first quarter of ’26, operating income reached US$56.8 million, an increase of 51.2% from US$37.6 million in the first quarter…
International insurer and reinsurer QBE reported gross written premiums (GWP) increased 11% year-on-year to $9.2 billion in the first quarter of 2026, compared with $8.3 billion in the first quarter of 2025. QBE explained that GWP increased by 7% at constant exchange rates, with a 6% increase in currency driven by North American crops and…
Sompo, a global commercial and consumer property, casualty and specialty re/insurance provider, has announced the appointment of Tim Mardon as President of Bermuda Reinsurance. In his new role, Mardon will lead operations and strategy for SompoRe’s Bermuda operations, further strengthening its presence in key regions. Mardon is a Bermuda-based reinsurance executive with 35 years of…
Consilium, a specialist re/insurance broker, has strengthened its international casualty business with the appointment of Henrietta Burgess as international casualty risk solutions partner. The move is designed to strengthen Consilium’s growing range of casualty insurance products, which currently operate in the UK and US markets. The company has built a significant product portfolio in North…