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Ivans, a division of Applied Systems, has released its May 2026 Ivans Index results, showing average premium renewal rates declining month over month in nearly all major commercial business lines, with the exception of property and workers’ compensation, which increased slightly. Average premium renewal rates have increased year over year in all business areas except…

Cedar Trace, an investment management firm focused on insurance-linked securities (ILS), announced the appointment of Chris Wilson as managing director of its capital management division as the firm continues to develop its ILS investment platform. Based in Bermuda, Wilson leads Cedar Trace’s ILS business, supporting areas such as underwriting, investor relations, fundraising and new product…

ICEYE, a global leader in synthetic aperture radar (SAR) satellite systems, has partnered with the Florida Flood Applied Research and Innovation Center to improve flood preparedness, response, recovery and resilience efforts. Florida’s Flood Center plays a key role in the state’s adaptation and mitigation efforts for extreme weather and hurricanes, primarily by coordinating research and…

Global reinsurance brokerage and advisory firm Gallagher Re has announced three new appointments within its FAC team. Christine Drivas has been appointed FAC Division Director. She has over 20 years of expertise in the insurance and reinsurance markets. Drivas joins Gallagher Re from Miller Insurance Services LLP, where she spent 11 years as a reinsurance…

Hudson Insurance Group has appointed industry veteran Beth Diamond as senior vice president and chief claims officer, based in New York. Diamond has over twenty years of professional claims experience, most recently as Group Chief Claims and Litigation Officer at Beazley. During her two-decade career at the specialist reinsurer, she managed award-winning top teams across…

Arch Insurance North America (Arch Insurance), a subsidiary of Arch Capital Group and a provider of specialty insurance products and services, announced several leadership appointments to strengthen its wholesale business and support continued expansion in the excess and surplus (E&S) market. The company has created a new position as president of its wholesale property and…

Technology-based insurance company Slide Insurance Holdings, Inc. has completed its 2026-2027 catastrophe excess loss reinsurance tower, securing a record total reinsurance of $5.463 billion. This is a 65% increase from last year’s $3.304 billion. As part of this expansion, the airline significantly increased coverage for the first event to $3.981 billion, an increase of $1.424…

Recent research from MS Amlin shows that insurers may be significantly underestimating earthquake risk (by up to 60% in extreme cases) because models fail to capture the effects of little-known “supershear” earthquakes. According to the study, two-thirds of insured losses from seismic events over the past decade were caused by destructive supershear ruptures, causing losses…

The Fidelis Partnership (TFP) has formed a PVT consortium, formed by Guy Carpenter, bringing together a leading Lloyd’s consortium to deploy new capabilities into the War, Terror and Political Violence (WTPV) market. According to TFP, the consortium will bring together the capacity of leading Lloyd’s syndicates including Argenta, as well as TFP’s own syndicates 3123…

Lloyd’s of London underwriter Parametrix highlights service level agreement (SLA) risk as one of the most significant operational risks faced by data centers in a new white paper, noting that uptime, availability, latency, power, cooling and network performance commitments can translate into significant financial risk. According to reports, Introduction to Data Center SLAs: Key Terms,…