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Vortex Weather Insurance, a provider of parametric weather insurance solutions, has launched direct access to its parametric hail insurance product, HailSafe. HailSafe can now be purchased directly from Vortex by brokers and businesses exposed to weather conditions, including open parking lots, solar farms, commercial rooftops and agricultural operations, whereas previously it could only be purchased…
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has appointed Ettore Palma to the newly created position of Broker Relationship Manager, effective immediately. In his new role, Palma will be based in the recently opened Rome office and will report to Simone Jurina, head of distribution in Italy. His responsibilities include expanding…
A recently released Cotality report shows that hail is now a major driver of insured losses, with modern storms causing economic damage comparable to Category 4 hurricanes. For insurers and reinsurers, this shift requires moving from historical data averages to property-specific modeling. Ultimately, the entire recovery ecosystem, including the insurance industry, must adopt a coordinated,…
Global re/insurance brokerage Aon has announced a new leadership structure for its U.S. specialty distribution division within Reinsurance Solutions, spanning E&S carriers, MGA/MGU, project-specific carriers, hybrid fronts and licensing platforms. Aon has established a dedicated leadership team to oversee the division, which aims to enhance Aon’s expertise, strengthen relationships with operators and MGAs, and improve…
U.S. property and casualty (P&C) insurers posted their strongest underwriting results in years in 2025, although the results were driven primarily by unusually low catastrophe losses rather than structural improvements in underlying risks, Verisk and APCIA reported. According to key financial indicators for U.S. private property insurance companies, the industry expects net underwriting earnings to…
Marsh Risk, a business of global reinsurance broker Marsh, has provided comprehensive insurance for TerraPower’s Kemmerer Unit 1. This marks a significant move as the unit is the first commercial-scale advanced nuclear power plant in the United States to receive construction approval from the Nuclear Regulatory Commission. The placement also marks the first time a…
As cyber insurance becomes increasingly important and cyber risks intensify amid strong geopolitical, technological and economic pressures, Munich Re urges companies to put equal emphasis on resilience and protection, emphasizing the need for deeper insurance depth and greater collaboration to better support insureds and safeguard the global economy and society. The global reinsurer’s Cyber ​​Insurance:…
Insurance underwriting specialist Rising Edge Ltd has announced the appointment of Doug Robare as Chief Underwriting Officer. In his new role, Robare will lead the development of new underwriting propositions across the portfolio, focusing on building data-led underwriting and pricing models that deliver scalable, sustainable performance while maintaining high underwriting standards. He has nearly 30…
Insurers are looking to get closer to distribution partners and become easier to do business with, allowing them to attract more submissions, respond faster and better understand their selected risks, and Applied Systems, through key divisions such as Ivans and Cytora, is well-positioned to support this shift. Michael Streit, president of Ivans, a provider of…
AXA XL, AXA’s property, casualty and professional risks division, has announced the appointment of Michael Reynolds as head of UK and Lloyd’s Marine and global chief underwriting officer in Hull. Reynolds will be based in London and will begin his new role in the third quarter of 2026. The executive will draw on more than…