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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…
Insurers DUAL North America and AXIS Capital Holdings Limited have expanded the capabilities of their guarantee program partners after their first year of operation in the market. DUAL North America, the specialty underwriting arm of global Howden Group, said it is increasing its guarantee program capabilities to meet growing customer demand. The move comes after…
Global reinsurer Ariel Re has announced the appointment of Sierra Dietz as property reinsurance underwriter. Dietz has eight years of industry experience in claims, modeling and underwriting. She joins Ariel Re after nearly eight years at Sompo, initially as a claims associate, later as a junior catastrophe modeling analyst and most recently as a reinsurance…
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…