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Guernsey-based Category 4 commercial general reinsurer Clockwork Re has appointed Mark Elliott, who has more than 25 years’ experience in the reinsurance, insurance and insurance-linked securities (ILS) sectors, as director. Currently, Elliott serves as Chief Executive Officer (CEO) of Marco Capital Re and PoloWorks Insurance Managers. In the past, Elliott has served as CEO of…

As conflicts in the Middle East and the blockade of the Strait of Hormuz disrupt global trade, a new study by Coface highlights that the Arctic route is attracting growing interest as a potential alternative. However, the company said the commercial potential of the Arctic route “remains limited” in the short term despite changes in…

Global reinsurance brokerage Gallagher Re has announced the appointment of Christopher Lynch as Vice President, US Casualty Brokerage. With more than two decades of insurance and reinsurance industry experience, Lynch has deep expertise and a proven track record of delivering results in complex risk environments. “His experience spans multiple casualty lines and a broad range…

Changing flood and drought patterns are reshaping the risk profile of global insurance and reinsurance markets, according to the 2026 Climate and Catastrophe Insights (CCI) report released ahead of Earth Day by global professional services firm Aon plc. Using its catastrophe data and forward-looking climate models, Aon reports that natural climate risks are continuing to…

Allianz Group, through its wholly-owned subsidiary Allianz Europe BV, has entered into a binding agreement with Jio Financial Services Limited (JFSL) on a 50:50 basis to form a major insurance joint venture to provide general insurance and health insurance. The agreement formalizes the partnership first announced in July 2025 through the establishment of a domestic…

Loadsure, a data-driven freight insurance solutions provider, has added war and SRCC (Strikes, Riots and Civil Commotions) cargo insurance options to its every shipment product range. Launched in early April, the insurance is available to brokers, shippers and freight forwarders seeking protection from risks associated with instability and disruption. The product is designed to address…

PricewaterhouseCoopers (PwC), a global network of firms providing auditing, advisory and advisory services, reports that a relatively small group of organizations are reaping a disproportionate share of the financial returns from artificial intelligence. In his research, Want to get a return on your investment from artificial intelligence? pursue growth, PwC analyzed feedback from 1,217 senior…

Insurance holding company WR Berkley Corporation reported gross written premiums (GWP) increased to $3.8 billion in Q1’26, compared with $3.7 billion in Q1’25. Meanwhile, net written premiums remained essentially stable year-over-year, reaching US$3.17 billion in 1Q26 compared to US$3.13 billion in 1Q25. In the first quarter of 2026, the insurer reported net income of $515.2…

At-Bay, a U.S.-based InsurSec provider that provides cyber insurance and risk management services, reported 2026 Insurance Security Report Ransomware campaigns are increasingly affected by the exploitation of core infrastructure. According to At-Bay’s analysis of more than 6,500 claims and more than 100,000 policy years, 73% of ransomware incidents in 2025 began with a VPN compromise,…

According to Gallagher Re’s Florida Market Watch report, direct written premiums (DPW) in Florida’s overall insurance market will increase 1.3% year-over-year to $33.3 billion by the end of 2025. The report shows that Florida Specialists (excluding ANTSP) DPW increased by 13.5% to $22.2 billion compared with the end of 2024, with growth mainly driven by…