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International credit ratings and research firm Morningstar DBRS said the U.S. government’s proposal to provide insurance support for ships transiting the Strait of Hormuz may not be enough to quickly resume commercial navigation in the region. Morningstar DBRS noted in a recent commentary that the escalating conflict in the Middle East has severely disrupted shipping…
Global insurance and reinsurance broker Marsh has announced the appointment of Dereck Wischmeyer as senior advisor to its global digital infrastructure industry practice. In this role, Wischmeyer will lead Marsh’s contract strategy across leases, customer agreements, supplier contracts and partnerships to help clients address risks associated with asset lifecycles and reinvestment timing. He has 12…
Aviation reinsurance underwriters are expected to implement tighter renewals by the end of 2025 as they struggle under the pressure of major claims, but direct insurers will be able to negotiate relatively modest renewals in early 2026, WTW said. WTW noted in its latest aerospace insurance market renewal outlook that while rumored 2026 renewal reinsurance…
Oneglobal Broking, an international insurance and reinsurance brokerage group providing specialist risk advisory and placement services in global markets, has announced the appointment of new leadership in Colombia and Central America as part of efforts to further consolidate its regional structure. Ernesto de Lima was appointed President of Colombia and Central America. De Lima will…
Citizens Property & Casualty Insurance Company’s rates continue to decline, reflecting a shrinking risk base as the number of policies declines and Florida’s property insurance market stabilizes. The Florida Office of Insurance Regulation has set new pricing levels that will take effect July 1 for new business and renewals of existing policies, with regulators this…
BirdsEyeView, a European Space Agency-backed insurtech company specializing in natural disaster modeling and risk management, has launched AI Data Cleansing, a new feature designed to automate statement of value (SOV) data cleaning and geolocation to support large-scale disaster modeling. AI Data Cleaning uses advanced artificial intelligence (AI) to automatically clean, standardize, and geolocate submitted Excel…
Global property and casualty insurer Liberty Mutual Holding Company Inc. (LMHC) reported full-year 2025 net income increased 55% to $6.8 billion, compared with $4.4 billion in fiscal 2024, and the combined ratio improved to 88.4% compared with 95.9% in fiscal 2024. Net income increased 37.1% to $1.7 billion in the fourth quarter of 2025, compared…
Global life and health reinsurer Reinsurance Group of America, Inc. (RGA) has announced the appointment of Logan Blake as president of its Bermuda operations. Blake has over 20 years of actuarial experience in a variety of practice areas, including reinsurance, product development, individual life and annuities, Bermuda EBS, U.S. GAAP/STAT accounting, capital management, pricing, group…
Global reinsurer Ariel Re has announced the appointments of Sarah Morgan as Head of Property and Reed Gaglio as Head of E&S Property Reinsurance, both effective April 1, 2026. Morgan succeeds Mike Cornish, who has held the position at Ariel Re since 2018. Cornish will continue in his new role with the company, supporting strategy,…
While standalone cyber reinsurance capacity remains ample, the tail layer remains expensive due to high capital charges, model uncertainty and systemic risk, prompting a search for more efficient structures. Gallagher believes that blending cyber tail risk with uncorrelated property catastrophe risk in a shared limit structure can significantly reduce pricing through lower capital requirements and…