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Severe convective storms (SCS) that broke out in Queensland and New South Wales between November 21 and 27, 2025, caused an estimated $2.663 billion in losses to the insurance industry, according to Zurich-based catastrophe insurance data provider PERILS. PERILS’ preliminary industry loss estimates are based on data collected from affected insurance companies, covering property and…

Verisk, a global provider of data analytics and technology for the insurance industry, has announced the expansion of Tim Rayner’s responsibilities to include leading its underwriting and claims operations in the UK and Ireland, as well as its global life, health and travel businesses. In addition, Rayner will continue to be responsible for the Specialty…

Munich Re appoints Paolo Ghirri as CEO of Munich Re Italy, effective January 1, 2026. Ghirri has been with Munich Re Italy for more than 35 years, and his career has been marked by continued growth and increasing responsibilities, including key positions outside the company. Effective February 1, 2026, the role of Deputy CEO and…

Specialist insurer Brit Group Holdings Limited will underwrite Property D&F business in Bermuda through its reinsurance arm Brit Re, led by Property D&F Vice President Tom Ayton. Starting in January, Brit Re will underwrite U.S. and global property D&F, focusing on complex risks in the United States. Core interests for the new product will include…

Global specialty insurer and reinsurer Ascot has appointed Justin Keith, current Chief Executive Officer (CEO) of Ascot Bermuda Limited, to lead the expansion of the company’s treaty reinsurance products in the US market. Keith will move to the United States later this year for his new role. This leadership change underscores the company’s commitment to…

Private insurance broker Lockton has announced the appointment of Brett Gillmon as head of U.S. property practice, based in Atlanta. Gilmon will leverage his three decades of industry experience to oversee the strategic direction and continued growth of Lockton’s real estate offerings across the United States He will report to Devin Beresheim, Lockton’s head of…

U.S. retirement services company Jackson Financial Inc. has entered into a long-term strategic partnership with global alternative asset manager TPG Inc., with TPG’s investment used to provide initial capital for Jackson’s new Michigan-based captive reinsurance company, Hickory Brooke Reinsurance Company (Hickory Re). The partnership combines Jackson’s annuity product expertise and extensive distribution network with TPG’s…

Carbon Underwriting Limited, a professional independently managed general underwriter, Lloyd’s Syndicate CBN 4747, has appointed Rebecca Ince as its new Chief Operating Officer (COO), effective January 5, 2026. In her new role, Ince will oversee all day-to-day operations at Carbon, including technology, data, operations, compliance and risk teams. She will also play a key role…

InnSure, a not-for-profit climate change-related insurance risk financing company, has launched Creation Labs, its flagship climate innovation incubation platform created in partnership with GreenieRE. InnSure explained that Creation Labs is a launch and development platform that will facilitate the development of new climate risk management products and accelerate their time to market. “By matching insurance…

Chubb, a major US insurance company, has announced the appointment of Jimaan Sané as global head of network growth, effective immediately. In his new role, Sane will be responsible for overseeing the performance and expansion of Chubb’s global network growth strategy. He will also work with the global distribution and underwriting teams to deliver Chubb’s…