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AM Best has assigned a Preliminary Credit Assessment (PCA) to Beazley Bermuda Insurance Limited (BBIL), the new Bermuda-based entity of the London-based specialist insurance and reinsurance company. BBIL ​​has received the PCA Financial Strength Assessment (Excellent) and the PCA Long-Term Issuer Credit Assessment “a+” (Excellent), with a stable PCA Outlook. Readers may recall that in…
According to a recent report from Jefferies, the reinsurance investor community expects average reinsurance rates for global property catastrophe reinsurance to fall between -15% and -20% at renewal on January 1, which is more pessimistic than the -12% to -15% estimate reported by brokerage firms. This price drop comes after three years of unusually high…
Global insurance and reinsurance brokerage group Aon has expanded its proprietary Data Center Lifecycle Insurance Program (DCLP) by $1 billion, or 67%, taking total capacity to $2.5 billion, driven by increased investment in cloud computing, artificial intelligence (AI) and digital infrastructure. Aon last year launched a proprietary multi-line insurance facility with up to $1.5 billion…
Hayden Smith, CEO of United Risk, an international property and casualty insurance underwriting and distribution platform, announced that the company has signed an agreement to acquire DUAL North America’s crisis management program and underwriting team. Once acquired, the division will be renamed First Product Protection and will operate as a separate division within United Risk,…
Coface, a provider of credit insurance and risk management solutions, announced the appointment of Alix McCabe as Chief Strategy Officer for North America. In her new role, McCabe will guide strategy and growth initiatives across markets, products and people. Coface said McCabe’s appointment will play a key role in enhancing the customer experience, strengthening solutions…
Insurtech BirdsEyeView has announced it has secured an undisclosed seven-figure investment to support continued international expansion and development of its wildfire model. With support from the European Space Agency, BirdsEyeView provides global multi-hazard natural hazard modeling and risk management software to reinsurers, MGAs and brokers. Its platform combines high-resolution satellite data with advanced artificial intelligence…
Robin Matthias has been appointed Global Head of Resilient Solutions in Zurich, effective March 1, 2026, succeeding Dirk De Nil, who is retiring after more than three decades in the industry. Matthias will bring his extensive consulting background to his new role, leading more than 1,000 risk professionals globally. Most recently, he served as Senior…
Commercial property and casualty insurer Berkshire Hathaway Specialty Insurance (BHSI) has expanded its presence in the UK with the launch of Executive First D&O Liability+, its enhanced UK D&O product for large commercial and financial organizations whose securities trade on US exchanges. Executive First D&O Liability+ is part of BHSI’s suite of executive liability insurance…
Insurtech company Send Technology Solutions Ltd (Send) said that by 2026, insurers must have a strong data foundation, seamless connectivity and sound governance to support consistent, fast and scalable underwriting decisions. Send described the year in its recently released Underwriting Trends 2026 Report as a key turning point for underwriting strategy, performance and decision-making in…
Duck Creek Technologies, a provider of property and casualty (P&C) and general insurance software solutions, announced the appointment of Jose Lazares as chief product officer (CPO). Lazares brings more than two decades of experience building, scaling and delivering cloud-based software platforms across SaaS, PaaS and enterprise environments to his new role. In his new role,…