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Kevin J. O’Donnell, CEO of RenaissanceRe, said real estate catastrophe rates remain so ample that relatively large losses would be needed to drive meaningful adjustments, though he noted that it’s not the catastrophes themselves that change rates but the cumulative effect of rising loss trends and inflation gradually outpacing rates. In a letter to shareholders…
Dynamic Reinsurance, a reinsurer specializing in customized risk transfer solutions, announces the appointment of Valoy Chaudary as interim and principal layer director for large and complex properties. In this role, Chaudary will focus on underwriting high-value and technically demanding property risks, as well as structuring large interim placements. His appointment reflects the company’s continued investment…
The Japan Export and Investment Insurance Corporation (NEXI) has signed a reinsurance agreement with the Australian Export Finance Corporation (EFA) to effectively support the export and business cooperation of Japanese and Australian companies to third countries. The signing ceremony was held on March 13, 2026 at NEXI in Tokyo, Japan, hosted by John Hopkins, Managing…
The Indian government is planning to set up a fund to specifically support insurance companies in providing war risk insurance for ships plying the country and passing through conflict-affected waters in West Asia, the Economic Times of India reported, citing people familiar with the matter. As we have previously reported, the conflict in the Middle…
Despite the increasingly complex and evolving threat landscape, the terrorism insurance market remains stable and strong, according to Marsh’s recently released 2026 Global Terrorism Risk Insurance Report. The report highlights that modern terrorist threats have evolved from layered, property-focused attacks to decentralized networks employing multiple tactics, including cyberattacks, political violence, and emerging nuclear, biological, chemical…
Arch Insurance International, part of Arch Capital Group, a multi-disciplinary provider of specialist insurance solutions, has launched a new intellectual property (IP) alliance at Lloyd’s with a $40 million product line to meet growing capacity and demand for a wider range of IP solutions. The consortium is supported by Lloyds Group including AXIS, Everest, Hamilton,…
In a statement accompanying the company’s annual report, Lloyd’s CEO Patrick Tiernan described the future of market infrastructure as an ecosystem of smart solutions, built on common data standards and interoperability, with new strategies aimed at “raising the bar” and removing friction that limits performance. The report details Lloyd’s new strategy to strengthen its financial…
Accelerant Holdings, a services and data platform for the specialty insurance market, reported full-year 2025 total revenue of $912.9 million, a 51.5% increase from $602.6 million in 2024. Exchange premiums for the year reached US$4.19 billion, an increase of 34.8% from US$3.11 billion in the previous year. Third-party direct premiums accounted for 30% of the…
Lloyd’s specialist broker New Dawn Risk has appointed Roma Kanabar as its new treasurer with immediate effect, based in London. In his new role, Kanabar will join New Dawn Risk’s senior management team and play a key role in providing financial leadership to New Dawn Risk. She has 13 years of experience in various financial…
International specialist re/insurance managing general agent (MGA) Rokstone has announced three new leadership appointments, including the promotion of Nadine Kearney to chief underwriting and risk officer. Kearney will also join Rokstone’s board of directors as executive director of SMF3. “This newly created position reflects not only the complexity of our growing business, but also our…