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Bermuda-headquartered Everest Group has strengthened its global wholesale and specialty platform, with Michael Cellura and Trevor Gallagher taking on new roles in its temporary and hybrid reinsurance businesses. Cellura, who joined the reinsurer in 2022, has been appointed head of Everest’s temporary and hybrid reinsurance division. In his new role, Cellura oversees the company’s global…
Zurich Resilience Solutions (ZRS), a division of Zurich Insurance, announced the establishment of a dedicated data center risk consulting practice, composed of more than 100 engineers, focused on risk prevention and mitigation throughout the data center life cycle, especially for hyperscale and artificial intelligence-driven facilities. The formation of this practice significantly expands ZRS’ existing expertise…
U.S. property and casualty (P&C) premium growth and profitability are slowing as the market enters 2026, following an unusually strong 2025 that marked a “cyclical peak” in underwriting performance, according to a new report from Swiss Re Research Institute. “We expect the U.S. property and casualty insurance industry’s ROE to reach 15% in 2025, driven…
Helios Underwriting, a provider of limited liability direct investments to the specialist Lloyd’s insurance and reinsurance market, expects managed capacity in the Lloyd’s syndicate portfolio to reach £467 million in the year of accounting (YOA) 2026, down almost 5% from £491 million in 2025. Helios noted that while overall capacity is expected to fall year-on-year,…
Specialty re/insurer AXIS Capital Holdings Limited has released new research exploring how artificial intelligence (AI) is reshaping the risk environment, based on the perspectives of CEOs and Chief Information Security Officers. In commissioning the research, AXIS Capital surveyed 500 CEOs and CISOs in the US and UK and found clear contrasts in how senior leaders…
HDI Global SE, an international insurer specializing in commercial and industrial clients, announces the appointment of Fraser Galbraith as senior engineering underwriter based in Dubai. Galbraith brings more than 12 years of engineering experience to his new role. Prior to joining HDI Global, he served as a Senior Construction Risk Engineer at Chubb. Prior to…
Professional services firm Aon has released its latest Climate and Disaster Insights The report explains how severe convective storms have surpassed tropical cyclones as the most expensive insured disaster of the 21st century. The report draws on Aon’s global data, analytics and catastrophe modeling expertise to explain how the increasing frequency of high-impact weather events…
In the face of intensifying geopolitical developments and their economic fallout, Allianz CEO Oliver Bate said the company has been “cautiously and thoughtfully” optimizing its diversification, adding that this approach has long been core to its business model. “Even though we measure short-term goals, one of the things in our business model is to try…
Global reinsurer SCOR and multinational insurer AXA have joined forces to form a new Lloyd’s of London consortium aimed at closing critical financing gaps by reducing the risk of investment opportunities associated with ecological restoration projects. By providing specialized insurance, the consortium intends to free up the funds necessary to restore ecosystems that have been…
PwC’s 29th Global CEO Survey shows that only 46% of insurance CEOs are confident in their company’s revenue growth prospects over the next 12 months, down 18% from 56% in 2025. The company’s latest CEO Survey, based on responses from 4,454 CEOs in 95 countries and territories, is an effective way to gauge the sentiment…