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Bermuda-based insurance and reinsurance company Everest Group has appointed Jason Busti as its new North American head of treaty reinsurance, responsible for leading treaty reinsurance operations in the United States, Bermuda and Canada. Busti will report to Jill Beggs, executive vice president and chief executive officer of Reinsurance, and will serve as a key member…
Pacific Life, a U.S.-based provider of life insurance and annuity products, has released the results of its 2026 Underwriting Outlook Survey, providing insight into how underwriting is evolving across the life insurance industry. Pacific Life reports that the survey was conducted during the fourth annual Underwriting Symposium in Laguna Beach, California, and gathered feedback from…
Verisk, a global provider of data analytics and technology to the insurance industry, has announced the appointment of Raja Sengupta as President of its Life Solutions business, effective immediately. Sengupta will lead Verisk’s life solutions team to deliver data analytics, software and artificial intelligence-driven solutions that help life and annuity insurers modernize underwriting, accelerate decision-making…
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:…