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Marsh Risk, a business of global reinsurance broker Marsh, has provided comprehensive insurance for TerraPower’s Kemmerer Unit 1. This marks a significant move as the unit is the first commercial-scale advanced nuclear power plant in the United States to receive construction approval from the Nuclear Regulatory Commission. The placement also marks the first time a…
As cyber insurance becomes increasingly important and cyber risks intensify amid strong geopolitical, technological and economic pressures, Munich Re urges companies to put equal emphasis on resilience and protection, emphasizing the need for deeper insurance depth and greater collaboration to better support insureds and safeguard the global economy and society. The global reinsurer’s Cyber ​​Insurance:…
Insurance underwriting specialist Rising Edge Ltd has announced the appointment of Doug Robare as Chief Underwriting Officer. In his new role, Robare will lead the development of new underwriting propositions across the portfolio, focusing on building data-led underwriting and pricing models that deliver scalable, sustainable performance while maintaining high underwriting standards. He has nearly 30…
Insurers are looking to get closer to distribution partners and become easier to do business with, allowing them to attract more submissions, respond faster and better understand their selected risks, and Applied Systems, through key divisions such as Ivans and Cytora, is well-positioned to support this shift. Michael Streit, president of Ivans, a provider of…
AXA XL, AXA’s property, casualty and professional risks division, has announced the appointment of Michael Reynolds as head of UK and Lloyd’s Marine and global chief underwriting officer in Hull. Reynolds will be based in London and will begin his new role in the third quarter of 2026. The executive will draw on more than…
Fuse, an AI-powered commercial insurance intelligence platform, has launched a new agriculture vertical designed to cover the entire agriculture and rural insurance landscape, providing brokers and carriers with continuous, actionable intelligence across every insurance category. The company said the agriculture vertical is Fuse’s first fully audited industry launch, modeling the platform’s system coverage across all…
Arrow Global Group (Arrow), a pan-European investment manager specializing in private credit and real estate, has launched Arrow Global Insurance (AGI), a strategic extension of its existing investment platform designed to capture institutional investment opportunities across the insurance value chain. Through AGI, Arrow will deploy its underwriting, structuring and capital management expertise into the insurance…
Global specialist property and casualty reinsurer Canopius Group has appointed Dan Bridges as head of Bermuda claims and global head of reinsurance claims, and Patrick Cannon as global head of cyber claims. The two senior appointments are in line with the reinsurer’s commitment to delivering claims excellence around the world. Bridges and Cannon will join…
Lloyds specialist broker New Dawn Risk has partnered with Continent 8 Technologies, a provider of managed IT solutions to the iGaming and online sports betting industry. The partnership combines Continent 8’s cybersecurity expertise with New Dawn Risk’s insurance expertise to create a comprehensive risk management approach for operators. This partnership gives iGaming businesses access to…
Proposed changes to the way the Hong Kong Insurance Authority (HKIA) assesses capital requirements for non-life insurers, particularly natural disasters, man-made risks and offshore reinsurance business, could strengthen Hong Kong’s position as a global center for reinsurance and risk management, according to a new report from AM Best. The rating agency said Hong Kong’s direct…