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Specialist Lloyd’s Insurance and Reinsurance Markets has confirmed the additions of Fiona Luck and Sean McGovern as deputy chairmen, joining Victoria Carter who has held the role since 2021. Luck joined the Lloyd’s Council as deputy chairman in 2018 and was appointed as senior independent director, subject to regulatory approval, following the departure of Lord…

British insurance company Admiral Group has reached an agreement to acquire digital commercial fleet insurance provider Flock. The acquisition, worth £80 million and subject to regulatory approval, will give Admiral access to Flock’s innovative telemetry technology, which tracks vehicle data in real time. Flock’s digital platform uses a proprietary AI-driven risk model trained on hundreds…

Insurer AF Group has promoted Mike Valiante, who joined the company in 2011 as director of field operations for AF Group’s Third Coast Underwriters brand, to president of commercial markets. After joining the company in 2011, Valiante was promoted to vice president in 2013, responsible for business development, underwriting and data and analytics. In 2020,…

A recent report from insurance brokerage group Lockton showed that cyber insurance premiums have fallen despite rising cyber incidents and rising claims, marking a “rare divergence between underlying risk and insurance pricing.” According to the National Cyber ​​Security Center (NCSC), organizations experienced a 129% increase in “nationally significant” cybersecurity incidents in the 12 months to…

Specialty insurer Beazley found that by 2026, global businesses will face a more interconnected risk environment, with technology and geopolitical pressures becoming common key concerns. Beazley reports in its latest Risk & Resilience Survey that organizations are responding by embedding insurance and structured risk management more deeply into their long-term strategies. The survey, conducted in…

Brown & Brown, Inc., an insurance brokerage and risk management services company, has released its 2026 Market Trends Report, which provides a detailed assessment of developments across the insurance landscape, noting that rate conditions in multiple areas are beginning to move in a direction more favorable to buyers who have carefully prepared for renewals and…

AXA Digital Business Platform, the “first of its kind” AI-powered integrated risk management system and the latest offshoot of AXA, has partnered with Earth imaging company Planet to track natural disasters such as earthquakes and hurricanes. Designed to address the challenges of “multiple crises,” AXA DCP integrates advanced technology, extensive data, third-party software, artificial intelligence,…

Markel Insurance, the insurance arm of Markel Group, has appointed John Bang as its first regional head of Korea and Japan, effective immediately. He will be responsible for launching Markel International’s Japan and Korea operations, overseeing business development and deepening relationships with local partners and subsidiaries. In his new role, Bang will lead Markel International’s…

AM Best announced that it is changing the market outlook for its U.S. directors and officers (D&O) liability insurance segment to stable from negative, citing factors including rate stabilization and improvement in loss ratios. The upgrade marks a critical moment for an industry that has faced years of volatility, falling premiums and increasing regulatory pressure….

Covea Insurance UK has appointed Philippe Domart as its Chief Executive Officer (CEO), subject to regulatory approval, effective April 1, 2026. Domat takes over the new role from Jorge de Macedo. Additionally, he will be moving to the UK to be closer to his team and partners. The appointment is in line with the group’s…