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Global property and casualty insurer Chubb, recently announced as the lead underwriter of US International Development Finance Corporation’s (DFC) US$20 billion Gulf marine reinsurance program, has now outlined the structure and scope of the facility. On March 9, DFC and the US Treasury Department announced plans to deploy marine reinsurance (including war risk) in the…
Balavant Insurance Group, a specialist insurance solutions provider, has launched Sentric Specialty, a new project manager (PA) built on its platform to provide specialized solutions for risks in the manufacturing, crisis management and professional liability sectors. According to the insurer, the launch brings coverage for product recalls for the first time, including manufacturer errors and…
Specialty insurer Tokio Marine Kiln (TMK) has further expanded its aerospace division with the appointment of Cameron Glover as underwriter. In his new role, Glover will focus on writing about airport and product liability risks. Prior to joining TMK, he served as a senior underwriter within AIG’s manufacturers and airports teams. The insurer said his…
Tony Gallagher, Asia Pacific CEO of Guy Carpenter, the global reinsurance brokerage of Marsh Group, detailed the central role of reinsurance, retrocession and terrorism pools in supporting market capacity in a rapidly changing threat landscape. Speaking at the Global Forum of Terrorism Risk Pools and Their Stakeholders, Gallagher centered his remarks around the idea that…
CRC Group, an independent wholesale specialty insurance distributor, has announced enhancements to its exclusive Insurisk platform, designed to meet the growing insurance needs of the global data center industry. The company said the platform’s underwriting capabilities have been enhanced in response to growing investment, larger developments and increasing operational complexity across the industry. As demand…
Jefferies analysts said Tesla Insurance’s Full Self-Driving (FSD) pricing, which could offer better rates based on a car’s performance in FSD through its safety score, poses a potential competitive risk to Lemonade’s auto insurance ambitions as the model size expands. Recent filings show that Tesla has eliminated the FSD standalone discount offered through its own…
Marsh, a global firm specializing in risk, insurance and advisory services, reports that the transaction risk insurance market has undergone significant changes in 2025, with pricing rising after several years of decline. Marsh said primary representations and warranties (R&W) insurance rates increased in most regions this year, reversing a three-year trend of declining premiums. The…
MGT, a vertical AI-native new insurance company, announced the appointment of Garrett Koehn as senior advisor. In his new role, Cohen will focus on driving strategic distribution expansion and high ROI AI use cases across the U.S. insurance market. He began his career at Marsh in 1994 and has more than three decades of experience…
MS Amlin Syndicate 2001 reported strong full-year 2025 results (on a UK GAAP basis), with underwriting profit rising 50.2% to $350 million from $233 million in 2024, reflecting continued improvements in underwriting and risk selection. Gross written premiums increased 9.6%, from $2.62 billion to $2.88 billion, while net written premiums increased 18.5%, from $2.02 billion…
Trident Marine Managers, the managing general underwriter of Ryan Specialty Underwriting Managers (RSUM), has appointed Karolina Krol as its chief operating officer (COO), effective immediately. In her new role, Krol will oversee Trident’s day-to-day operations, operational strategy and cross-functional coordination to ensure the company’s execution remains disciplined, efficient and closely aligned with our long-term vision….