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Independent insurance and reinsurance broker BMS has announced the appointment of James Pearce as senior broker, cyber, reporting to Daniel Leahy, head of cyber practice. Pearce brings extensive experience in bringing complex cyber liability, technical errors and omissions (E&O) and cyber property damage risks to the London market to his new role. He has particular…
A new report from Oxford Analytica and WTW firm Willis shows demand from the defense industry is surging amid an increasingly volatile geopolitical landscape, but is constrained by lagging production, economic nationalism, fiscal vulnerabilities and supply chain risks. The report draws on in-depth interviews with senior executives across the defense industry. It outlines the structural…
Global insurer American International Group (AIG) has announced the promotion of Neil Smallcombe to president of the company’s U.S. surplus insurer, Lexington Insurance Company. In his new role, Smallcomb will leverage his more than two decades of industry experience to lead Lexington’s emergency room, casualty, healthcare and Western World businesses. He will also work closely…
The Cayman Insurance Managers Association (IMAC), the representative body for Cayman’s captive insurance and reinsurance industry, has issued an update following the release of fourth quarter 2025 licensing data from the Cayman Islands Monetary Authority (CIMA), stating that business in the jurisdiction will continue to expand. IMAC reports that the Cayman captive insurance industry remains…
AXA XL has established a dedicated Alternative Risk Solutions (ARS) team, appointing Sylvain Bouteillé as its leader. In addition to leading the newly formed ARS team within AXA XL’s large commercial business unit, Bouteillé will continue to serve as chief underwriting officer for Americas Specialty Insurance. He joined AXA XL in August 2025 with over…
“Today’s geopolitical and geoeconomic uncertainty creates a real opportunity for the company to leverage its broad capabilities to help businesses navigate and grow during challenging times,” said Marsh President and CEO John Q. Doyle. Doyle told Bloomberg in an interview at the World Economic Forum in Davos that business leaders around the world must rethink…
Willis, a WTW business, has strengthened its financial, professional and execution risk (FINEX) business in the Pacific region, appointing Eden Fletcher as head of Pacific FINEX and Stephen Trickey as head of growth, Pacific. Fletcher succeeded Jill Stewart when she retired after eight years at Willis. Fletcher has over 20 years’ experience in finance and…
Specialty insurer RLI Corp. reported underwriting revenue of $70.9 million and a combined ratio (CoR) of 82.6% in the fourth quarter of 2025 (Q4 2025), compared with $22.2 million and 94.4% in the fourth quarter of 2024. RLI reported a solid set of results for the final quarter of 2025, as well as a strong…
Descartes Underwriting has announced the launch of a new parametric product suite for data centers, providing up to $140 million of flexible capacity per policy to respond to natural disasters that threaten the timely completion of construction, commissioning and ongoing service delivery. The growing capacity needs of generative AI and other cloud computing services have…
Ivans, a division of Applied Systems, has released Ivans Index results for the fourth quarter of 2025, showing year-over-year changes in average premium renewal rates across all major commercial business lines except workers’ compensation. Average premium renewal rates for general liability, commercial real estate, and umbrella lines increased compared to the prior quarter, while average…