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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…
Global insurance and reinsurance brokerage group Aon has appointed Karl Hamann as Chief Executive Officer (CEO) of the Philippines, effective April 1, 2026, subject to regulatory requirements. From 2022, he serves as CEO Indonesia, implementing modernization initiatives, strengthening commercial execution and enhancing market connectivity. Harman will relocate to Manila in the coming months and will…
According to Hymans Robertson’s 2026 Risk Transfer Report, the pipeline of acquisitions expected to be completed in the coming months is very strong, with 2026 expected to be a record year for the market and likely to exceed £50 billion for the first time. The report notes that insurance companies are well-positioned to meet this…
Professional managing general agent (MGA) Prestige Underwriting has announced the promotion of Katy Peacock to head of home, product and governance. In her new role, Peacock will leverage her more than 20 years of personal lines underwriting experience to oversee the development and governance of Prestige’s home insurance product portfolio, which includes ensuring rigorous underwriting…
Global insurance and reinsurance broker Howden has announced the appointment of Shunsuke Takechi, an experienced and qualified Japanese lawyer with over 13 years of experience, as Head of Japan M&A. Takechi has the unique reputation of being the first and only registered senior Japanese attorney in the insurance brokerage industry. His expertise spans a variety…