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Swiss Re’s annual report shows that the global reinsurance industry is expected to continue to benefit from a generally favorable external operating environment in 2026, with global economic growth stabilizing at around 2.8% (largely consistent with 2025), and inflation to slow further despite short-term fluctuations. The reinsurer noted that through 2025, the global economy has…
Commercial property and casualty insurance and reinsurer WR Berkley Corporation has named Ryan Miller president of Berkley Southeast, effective immediately. Berkeley Southeast offers comprehensive business insurance solutions for specific industries. Miller has more than 25 years of experience in commercial insurance operations, underwriting and field management in roles of increasing responsibility. Most recently, he served…
Bermuda-based global insurance and reinsurance company Fidelis Insurance Group has announced the appointment of Nicole Kapu-Leyland as group general counsel. In her new role, Kapu-Leyland will report directly to Fidelis Insurance Group CEO Dan Burrows. She joined the company in September 2023 as senior legal counsel and has since held a number of key positions,…
Neptune Flood has launched a digital flood insurance app within ChatGPT that allows homeowners to receive real-time preliminary flood insurance quotes from Neptune directly through the platform. According to Neptune Flood, customers can now ask questions about coverage and receive an instant preliminary quote through a conversational AI interface, “simplifying the way they understand and…
Bermuda-based global insurance and reinsurance company Fidelis Insurance Group has announced the appointment of Nicole Kapu-Leyland as group general counsel. In her new role, Kapu-Leyland will report directly to Fidelis Insurance Group CEO Dan Burrows. She joined the company in September 2023 as senior legal counsel and has since held a number of key positions,…
Marsh Risk, a unit of global insurance broker and risk advisor Marsh, and specialty insurer Apollo, a unit of Skyward Specialty Insurance Group, have announced the launch of a new insurance facility developed for Uber Technologies Inc. The arrangement is designed to support the expansion of self-driving vehicles operating through Uber’s global platform. The new…
MSIG Asia, a general insurance company operating in Southeast Asia and part of MS&AD Insurance Group Holdings, has announced a number of senior leadership appointments, effective April 1, 2026. Clemens Philippi, currently CEO of MSIG Asia and executive officer of Sumitomo Mitsui Insurance, will serve as executive officer of MS&AD Insurance Group Holdings and chief…
U.S. commercial insurance premiums grew 2.9% in the fourth quarter of 2025, continuing a steady slowdown compared with the 3.8% increase in the second and third quarters, according to global consulting and brokerage firm WTW’s Commercial Insurance Pricing Survey (CLIPS). Insurers reported overall growth of 2.9% in the fourth quarter of 2025, down from 5.6%…
Zurich-based catastrophe insurance data provider PERILS has revealed its fourth and final industry loss estimate for Hurricane Alfred, noting that the event has cost the insurance industry a total of A$1.877 billion. This final figure is in line with loss estimates issued by PERILS six weeks, three months and six months after the incident of…
A new report from Moody’s warns that the ongoing conflict involving Iran is exacerbating tail risks for specialty insurers and reinsurers – those who underwrite complex risks such as maritime war risks, aviation and political violence – as the likelihood of large concentrated claims increases if hostilities persist or escalate. The rating agency’s “baseline scenario”…