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Volt Underwriting, a managing general agent (MGA) serving clients and brokers in the energy sector, has appointed Rebecca Friel as senior power underwriter to strengthen its power and renewables division. Friel brings two decades of experience with Travelers, most recently as senior underwriter in the company’s power and utilities division. Andrew Tokley, chief underwriting officer…
At the American Insurance and Financial Analysts (AIFA) 2026 annual meeting, reinsurers generally agreed that catastrophe pricing may continue to decline into 2027 unless a larger loss event disrupts capital. Analysts at investment bank and financial services firm Goldman Sachs reported that brokers and carriers “do not expect primary property pricing to improve in 2026…
Berkshire Hathaway Specialty Insurance (BHSI), an insurer that provides commercial property, casualty and specialty insurance, has appointed Marcus Portbury as regional president for Asia Middle East (AME) and Hong Kong branch chief executive officer (CEO), subject to regulatory approval. Portbury will remain based in Hong Kong and succeeds Marc Breuil in both roles, who is…
NFP, a company of Aon, a property and casualty (P&C) broker and benefits advisor, established the P&C Group captive insurance business through the acquisition of Trinity Risk Advisors, LLC, a Charlotte, North Carolina-based captive insurance brokerage. Alan Wise, founder and president of Trinity Risk Advisors, will lead P&C Group’s captive insurance business as managing director….
Willis Re, a reinsurance advisory and brokerage firm that is part of WTW, has announced that James Loggie will join the firm after completing his obligations to his former employer. Loggie has more than 25 years of experience in credit, surety and political risk, working extensively with major multi-line insurance companies, Lloyd’s syndicates, banks, captives,…
International insurance and reinsurance company QBE has announced the launch of major insurance products in Bermuda as part of its international markets operations. The product will initially focus on property and excess casualty lines, which are typically best served through the Bermuda market. Both portfolios will be underwritten in accordance with QBE’s global underwriting standards….
Bermuda-based insurer and reinsurer Hamilton Insurance Group Ltd. has announced the appointment of Sinead Cormican as chief underwriting officer (CUO) of its London-based underwriting platform, Hamilton Global Specialty. Cormican succeeds Miles Osorio, who will retire at the end of June 2026 after more than a decade at Hamilton. In her new role, Cormican will report…
New survey results released by Allianz Commercial, the corporate insurance arm of Allianz Group, show that companies around the world are increasingly incorporating extreme but plausible “black swan” events into their strategic planning. In its latest analysis, Allianz Business describes black swan events as rare and unforeseen events that can cause significant economic disruption and…
The latest research released by credit rating agency AM Best shows that the U.S. life and annuity (L/A) insurance industry continues to demonstrate overall financial strength, but the composition of its capital base is becoming less robust. The agency attributes this shift to insurers’ increasing reliance on soft forms of capital and the expanded use…
Citizens Property & Casualty Insurance Company of Florida revealed it is targeting approximately $2.98 billion in private reinsurance coverage for its 2026 risk transfer program. Coverage will include $1.53 billion of existing private risk transfers and $1.45 billion of new private risk transfers remaining in 2025, with budgeted premiums of approximately $350 million, according to…