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International credit rating agency Fitch Ratings said the withdrawal of Persian Gulf hull war risk marine insurance is expected to have a negative credit impact on U.S. property and casualty insurers with substantial exposure to Gulf shipping routes. Fitch notes that the move is likely to have a broadly neutral impact on large, globally diversified…
According to a survey jointly released by the Casualty Actuarial Society and the Society of Actuaries, 60% of executive respondents said technology and economic risks will have the greatest impact on their organizations over the next three years or more, with adverse outcomes from artificial intelligence among the risks with the greatest impact. The survey…
Analysis by FTI Consulting shows that activity levels in the European insurance M&A market remain strong, with 789 transactions announced by insurance brokers, managing general agents, insurance service providers and carriers in 2025, a 14% increase from 694 transactions in 2024. However, FTI Consulting’s latest European Insurance M&A Barometer shows that a geographical shift is…
Talbot Underwriting, an international specialty insurance and reinsurance company owned by AIG, announced the appointment of Don Chu as Head of London Catastrophe Management. In his new role, Chu will work closely with the entire business team to support catastrophe risk management across all Talbot groups, while also working with AIG’s group catastrophe management team….
Reinsurance broker Gallagher Re said preliminary insurance loss estimates indicate that losses from the severe convective storm (SCS) outbreak in the United States from March 10 to 12 will be in the low to mid-single digits in the billions of dollars, with total economic losses expected to increase by 20-25%. The South China Sea outbreak…
Gallagher India has strengthened its accountability practices with the appointment of three new leadership appointments, including Mayank Sharma as country director of accountability. The company also appointed Jyoti Krishnan as chief legal officer and national head of liability and special claims, and Sunny Goel as strategic practice leader for liability and renewable energy. Sharma brings…
As the Middle East enters its third week of the US/Israel-Iran conflict, AM Best says losses in global reinsurance markets are currently limited, often in the form of single large losses. AM Best’s report notes that war risks are often excluded from policies but offered as riders for certain risks, and that Iran risks are…
Bruce Ford joined reinsurance brokerage Price Forbes Re in March 2026 as the company’s Asia chief commercial officer and head of MGA, after more than two years at specialist re/insurance brokerage Miller Insurance Services. In his new role at Price Forbes Re, Ford will lead the reinsurance broker’s MGA business development in Asia, with a…
AM Best upgraded the financial strength rating of the member companies of CapSpecialty Insurance Group (CapSpecialty) to A+ (Excellent) from A (Excellent), the long-term issuer credit rating to “aa-” (Excellent) from “a+” (Excellent), and the outlook was changed to stable from positive. Members include Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance…
Global specialty insurance and reinsurance group Ascot has announced the appointment of Shanelle Burke as US Chief Financial Officer. In her new role, Burke will join Ascot’s U.S. leadership team and oversee financial operations, strategy, capital management, regulatory engagement and corporate decision support. She has more than twenty years of experience in the insurance industry…