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Global insurance and reinsurance brokerage WTW’s latest Commercial Insurance Pricing Survey (CLIPS) shows that U.S. commercial insurance rates rose 2.5% in the first quarter of 2026, marking the third consecutive quarter of slowing interest rate increases. Year-over-year, U.S. commercial insurance rates declined from an overall price increase of 5.3% in the first quarter of 2025,…
Global re/insurance broker and risk advisor Aon has announced the appointment of Lauren Pratscher as chief brokerage officer for the company’s middle market P&C brokerage business. Pratscher brings more than two decades of industry experience to her new role, most recently as Director of Casualty Resettlement for Newfront (acquired by WTW in 2026). Prior to…
DXC Technology, a global technology company focused on insurance and reinsurance, has entered into a multi-year global partnership with Anthropic, an artificial intelligence (AI) security company and creator of Claude. Through this joint initiative, DXC has become one of a handful of global premier partners in the Claude Partner Network, which aims to create new…
Global specialty insurer and reinsurer AXIS has appointed Brian Scott as senior underwriter in its US healthcare reinsurance team. Scott joins AXIS with nearly 20 years of experience in the healthcare industry, having previously held roles at RGA Reinsurance, Voya Financial, Point6 Healthcare and Lockton Companies. He has an extensive background in self-funded health care,…
Independent insurance brokerage Lockton reported that global revenue increased 12% year-on-year to approximately US$4.5 billion in fiscal 2026, as the company’s global reinsurance business, Lockton Re, continued to grow strongly. The company noted that revenue growth included 11% organic growth, marking Lockton’s sixth consecutive year of double-digit organic growth and underscoring the strength of its…
Lancashire Insurance Company America has announced three new appointments as it expands its product portfolio with three new business lines: financial, inland marine and environmental liability. The new products double the company’s coverage offerings and complement existing energy casualty, property casualty and general casualty categories. Jason Rubman, who has 25 years of experience driving market…
Global reinsurer FGH Parent, LP (together with its subsidiary Fortitude Re) announced that Fortitude Life Insurance and Annuity Company (FLIAC) has completed the issuance of its second financing agreement-backed notes (FABN) to institutional investors. Fortitude Re entered the financing agreement-backed notes market in October 2025 with an initial offering of $500 million. The most recent…
Oxbridge Re, a leader in digitizing reinsurance securities into tokenized real-world assets (RWA), and its subsidiary SurancePlus have entered into an agreement with HCI Group, Inc. to launch three tokenized reinsurance securities that provide comprehensive contract returns and catastrophe risk exposure based on the results of reinsurance contracts underwritten by HCI’s reinsurance subsidiary Fortex Re….
BMS Group, an independent global insurance and reinsurance brokerage, has launched a new cross-team division focused on brokering and servicing syndicates in the Lloyd’s market, led by Richard Wynn as managing director, licensing agencies and syndicates. The newly formed unit will leverage BMS’s operational expertise in licensing structures and customized portfolio configurations. The driver for…
International specialist insurance company Tokio Marine Kiln (TMK) has announced the appointment of Georgina Rennie as Head of Political Violence and Terrorism (PVT). In his new role, Rennie will be responsible for leading the strategic development and underwriting performance of the company’s PVT portfolio in London and Singapore. She will report to TMK’s head of…