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Specialty property and casualty insurance company Palomar Holdings, Inc. has completed its acquisition of national insurance company The Gray Casualty & Surety Company (Gray Surety) and successfully closed new unsecured financing. The acquisition was originally announced in October 2025, with Palomar agreeing to acquire Gray Surety from Bernhard Capital Partners (BCP) and The Gray Insurance…

Ben Sitki joins specialist insurer Tokio Marine Kiln (TMK) as an underwriter in its cyber reinsurance solutions team. He joins TMK from Guy Carpenter, where he most recently served as Senior Vice President, bringing nearly two decades of re/insurance experience to his new role. Prior to this, he also held positions at Canopius and Willis…

Global reinsurance broker WTW’s fourth-quarter and full-year 2025 revenue fell slightly from the prior year, driven by the sale of TRANZACT, but revenue grew in both periods from an organic perspective. In the fourth quarter of 2025, WTW achieved revenue of $2.9 billion, a year-on-year decrease of 3% as reported, but an organic growth of…

Hamilton Insurance Group, Ltd., an international specialty insurance and reinsurance group, has announced the promotion of Moussa Thiam to Group Compliance Officer. In this role, Thiam will lead and coordinate compliance activities across Hamilton’s global operations, ensuring a consistent and unified approach to standards across its underwriting platforms. Based in London, he will report to…

Catastrophe risk modeling firm Karen Clark and Company (KCC) estimates privately insured losses from winter storm ferns bringing ice and snow to more than 30 states will total $6.7 billion. The estimate is based on the high-resolution KCC U.S. winter storm model and includes privately insured damage to residential, commercial and industrial properties due to…

Michelle Sipple has joined global insurance company Markel’s property and marine product leadership team as managing director, inland marine. Sipple brings more than thirty years of inland marine and builders risk underwriting experience to Markel and will lead the company’s inland marine strategy. “We’re so excited to have her on board!” Markle said. She joins…

Global specialist property and casualty re/insurer Canopius Group has appointed Jasan Fitzpatrick as general counsel, effective April 1, 2026. In this newly created role, Fitzpatrick will report to Canopius Group CEO Neil Robertson. His new role includes responsibilities previously held by Chief Risk Officer Sheldon Lacy. Fitzpatrick brings extensive legal and regulatory expertise. The company…

Munich Re Specialty – Global Markets Syndicate, the managing agent of Lloyd’s Insurance & Reinsurance Markets Syndicate 457, has formed the Pandemic Alliance to provide parametric catastrophic infectious disease insurance. The consortium, a market initiative from Lloyd’s London-based company, will provide proactive emerging risk transfer solutions to protect against the impact of epidemic and pandemic…

CICI Prudential Life Insurance Company Limited, one of India’s leading private life insurance companies, has agreed to enter into a strategic collaboration to implement Aon’s high-performance modeling platform PathWise in its actuarial modeling domain. The implementation of Aon’s PathWise solution, a high-performance, GPU-enabled modeling platform within its life risk modeling suite, will enable ICICI Prudential…

Distinguished Programs, a national MGA and insurance program management company, is expanding its specialty footprint with the launch of an ocean freight program led by veteran executive Ralph Salce. The new initiative will provide a full suite of ocean freight solutions covering global transportation risks, inventory throughput arrangements and complex logistics risks. The company expects…