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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…
Privately managed general underwriter (MGU) Fidelis Partnership (TFP) announces the appointment of Mark Khan as Head of Broker Relations, effective February 2, 2026. In his new role, Khan will drive deal-by-deal execution of the company’s broker strategy, focusing on generating and growing new business by supporting underwriters in managing broker relationships. He will work with…
Charlotte Mueller, chief economist of Swiss Re Europe, said that although the fragmentation of global competition in spheres of influence has shortened the path to adverse tail risk scenarios, the company still expects GDP growth to remain at a fairly good level in 2026. Mueller said geopolitical risks are back in the spotlight at the…
Insurance holding company Assured Guaranty Ltd. (AGL) and its subsidiaries operating as Assured Guaranty announced that it has entered the annuity reinsurance market through the acquisition of Bermuda-registered life and annuity reinsurer Warwick Re Limited (Warwick Re). Following the completion of the transaction, the company has renamed its business Assured Life Reinsurance Ltd. (Assured Life…