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A new report from Gallagher Re suggests that insured losses from a single event or a series of large events would need to be $115 billion to $125 billion above expected average annual catastrophe losses to have a significant impact on the pricing trajectory of the property reinsurance/insurance industry. The findings come from the global…
US-based managed general underwriter (MGU) platform DOXA has acquired Eaton Gate from European alternative credit specialist NorthWall Capital. Established in 2016, Eaton Gate is an independent, founder-led commercial MGU specializing in UK small and medium-sized enterprises (SME) commercial and mid/high net worth insurance. The company serves over 50,000 customers and is considered the UK’s largest…
AXA XL, AXA’s property and casualty and specialty risks division, has appointed Jiten Halai as global chief underwriting officer for its structural risk solutions business. In this role, Halai will guide the division’s global underwriting approach, enhancing AXA XL’s ability to deliver creative, non-traditional insurance solutions to corporate clients and captive insurance companies. He will…
Specialist insurance company Tokio Marine Kiln (TMK) has promoted Cameron Spencer and Jake Burgess to head of its fine arts and coins division. The promotion reflects TMK’s long-term commitment to this type of business and increases the insurer’s art and treasures risk ceiling from US$125 million to US$200 million. This joint leadership model provides brokers…
Carbon has announced the promotions of Rob Crocker to chief underwriting officer and Julie Gallagher to director of group underwriting management. In his new role, Crocker will oversee the company’s syndicates and its U.S. strategy while continuing to serve as an active underwriter for Carbon Syndicate 4747. He has over 30 years’ experience in the…
The Bermuda Monetary Authority (BMA), the organization responsible for regulating Bermuda’s financial services industry, has released data for the fourth quarter of 2025, showing continued expansion of the island’s alternative capital and insurance-linked securities (ILS) markets. According to the data, Bermuda remains an important global center for alternative capital and ILS activity. As of the…
David Powell, head of technical underwriting at Lloyd’s Market Association, said that while the number of global trade credit insurance claims fell by 26.5% in 2025, the total value increased by nearly $38 million year-on-year to $438.5 million, highlighting the importance of strong underwriting and long-term capabilities to support complex transactions. Lloyd’s Market Association, the…
Global insurance broker Howden has announced the appointment of Diego Sánchez Canencia as head of analytics at Madrid-based Howden Re Iberia. With this appointment, the company further strengthens its analytical capabilities in the region, as it continues to invest in reinsurance products in Spain and Portugal. In his new role, Sánchez Canencia will lead Howden…
AM Specialty Insurance Group (ASIG), a global provider of specialty insurance solutions, has appointed Matt Mosher to its Board of Directors. The appointment is in line with the insurer’s long-term growth plans as the company continues to focus on strengthening its governance framework and combining experienced industry leadership with its underwriting-first approach. Mosher worked at…
The latest report released by Fitch Ratings shows that in 2025, the U.S. property/casualty insurance industry will achieve its strongest underwriting performance in two decades. Last year, the industry achieved its second consecutive year of underwriting profitability, marking the second consecutive year of profitability after underwriting losses in 2023 and 2024. “Adjusting for industry investment…