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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…

Everest reported net profit of $1.59 billion in 2025, up from $1.37 billion in 2024, while net investment income climbed to a record $2.1 billion as the group sharpened its underwriting focus and streamlined its operations. The company also reported total written premiums for the year of US$17.7 billion, down 3.1% at the group level,…

HIVE Underwriters, an independent specialist managing general agent (MGA), is strengthening its new maritime specialist underwriting team with two new appointments: Alistair Marriott as head of marine and Jared Short as head of transport and logistics. Both appointments will be effective upon completion of contractual obligations with their respective current employers in July 2026. Marriott…

Relm Insurance, an insurance company focused on emerging industries, has announced the appointment of three executives to its leadership team: Becky Vernon as chief legal officer, Henry Paddison as chief operating officer and Shane Doyle as chief underwriting officer. Vernon and Pattison would be based in Bermuda, while Doyle would be based in England. The…

Relm Insurance, an insurance company focused on emerging industries, has announced the appointment of three executives to its leadership team: Becky Vernon as chief legal officer, Henry Paddison as chief operating officer and Shane Doyle as chief underwriting officer. Vernon and Pattison would be based in Bermuda, while Doyle would be based in England. The…

Hannover Re reported that despite a highly competitive market environment, its total renewal premiums for traditional property and casualty reinsurance increased by 3.3% to €10.535 billion as of January 1, 2026. The reinsurer noted that its growth was driven by its strong market position and long-term, partnership-driven client relationships. According to Hannover Re, the contract…