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Renew Risk, a provider of specialist analytics focused on risks affecting renewable energy assets, has appointed Joshua Macabuag OBE FREng as its new chief executive. The company develops catastrophe risk models and data tools designed to support the insurance and energy sectors in assessing and managing risks associated with renewable infrastructure, including wind and solar…
The Hamilton Project, an economic policy initiative within the Brookings Institution that promotes economic opportunity, prosperity and growth in the United States, proposes the establishment of a federal reinsurance entity, US Re, that would sell reinsurance contracts to U.S. homeowners insurance and reinsurance providers to protect against the most extreme weather events. The new policy…
Marsh Risk, the insurance brokerage arm of Marsh, has launched BX1, a new insurance facility in Bermuda designed to provide substantial excess casualty insurance to U.S. customers. BX1 provides a unified $50 million excess casualty capability to U.S. customers facing demanding casualty markets. Leveraging the integrated capabilities of Bermuda’s leading insurers Ascot, Markel, Ark and…
The InsuResilience Solutions Fund (ISF) is co-financing the development and implementation of a national parametric insurance scheme designed to protect coffee and cocoa farmers in Indonesia from the escalating risks of climate change. The program is a collaboration with London-based insurtech Blue Marble Microinsurance and state-owned insurance provider PT Asuransi Jasa Indonesia (JASINDO). The Indonesian…
Fidelis Partnership (TFP) reported $5.4 billion in written premiums across all capacity providers for the year ended December 31, 2025, up from $4.7 billion in 2024, with organic revenue up 10%. TFP Executive Chairman and CEO Richard Brindle praised the company for delivering excellent growth in 2025, demonstrating the strength of its team, the commitment…
BP Marsh & Partners Plc, an investor specializing in early-stage financial services businesses, has announced an investment in Ventura Risk Partners Holdings Limited, a new insurance brokerage focused on energy risks at Lloyd’s and the wider London insurance market. As part of the transaction, BP Marsh acquired a 25% fully diluted shareholding in Ventura for…
Morningstar DBRS acknowledged that the reinsurance industry remains well-positioned to absorb modest losses from terrorism and political violence due to strong capital and diversified underwriting portfolios, but warned that prolonged geopolitical and military tensions in the Middle East could increase underwriting volatility, tighten reinsurance terms and prompt more selective underwriting of political risks. According to…
Compre Group Holdings Limited (Compre), an international specialist reinsurance group headquartered in Bermuda, has announced that it will assume Amerisure’s significant portfolio of asbestos insurance liabilities. Amerisure is a provider of commercial property and casualty insurance solutions to U.S. construction, manufacturing and healthcare businesses. The transaction, which involves the transfer of a significant amount of…
Insurance brokerage and risk advisory firm Lockton Companies has announced the appointment of Luke Sutton as chief commercial officer (EMEA) and Abbas Juma as head of tax (EMEA) for its Transaction Liability (TL) business. These moves mark another step forward in Lockton’s investment in a unified TL platform as it officially launches its global operations….
Ahead of the European Council in March, insurers are calling on EU leaders to deliver a real simplification package for financial services, including a comprehensive bus for financial services, to achieve clear and measurable reductions in regulatory burdens, according to the European Insurance Association. Insurance Europe notes that the accumulation of overlapping and complex regulatory…