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The American Reinsurance Association (RAA) rejected the Hamilton Project’s recommendation to US Re, a federal reinsurance entity that provides homeowners insurance, arguing that the program failed to address the underlying drivers of insurance costs. The proposal was outlined in a paper presented at the Brookings Institution event and authored by Benjamin L. Collier, Benjamin J….
Global reinsurance broker Gallagher Re has announced the promotions of Alkis Tsimaratos to president, international, and Alex Ntelekos to head of international products and practices. In his new role, Tsimaratos will focus on deepening senior client relationships in international markets, matching reinsurance solutions to clients’ evolving needs through Gallagher Re’s international network. Prior to his…
Arch Insurance International, part of global insurer and reinsurer Arch Capital Group and a specialist insurance solutions provider, has launched a new intellectual property (IP) alliance at Lloyd’s with a $40 million product line to meet growing demand for increased capacity and a wider range of solutions. The consortium is supported by Lloyds Group including…
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…