technology

Mayflower and Hadron launch US dedicated affirmative AI liability program

New York-based managing general agent Mayflower Specialty, Ltd. and multinational specialty carrier Hadron have launched the first dedicated affirmative action AI liability program in the United States. The policies, underwritten by Mayflower and issued through Hadron, expressly cover the entire management liability triad: Errors and Omissions (E&O), Employment Practices Liability (EPL) and Directors and Officers…

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Relation Insurance Services expands Specialty Practice with senior hires

Insurance broker Relation Insurance Services has confirmed the appointments of Matthew Schott, Kevin Smith, Courtney Maugé, Jonathan Franznick and Scott Moseley to its specialty business unit. The company said the team has deep industry knowledge and leadership experience in specialty insurance, supporting clients in managing complex risks, including management and financial lines, cyber risk, private…

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Global property cat rates down 16% as softening extends into July renewals: Guy Carpenter

Guy Carpenter’s July 2026 Reinsurance Renewal Report shows that risk-adjusted declines have deepened in some cases since January 1, with global property catastrophe online rates (ROL) still down around 16%. The company attributes this trend to healthy loss activity, ample reinsurer capacity and increasing risk appetite, which together continue to maintain a highly competitive pricing…

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QBE names Karlowski as COO & Chan as Head of Data, Analytics and Al, Asia

International insurer and reinsurer QBE has appointed Patrick Karlowski as Asia Chief Operating Officer (COO), effective June 29, 2026. Meanwhile, Florence Chan has been appointed Head of Data, Analytics and Artificial Intelligence for Asia, effective July 13, 2026. Both appointments were made in Hong Kong. Karlowski takes on the new role from Klaas Dijkstra, who…

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Economic uncertainty stalling US energy transition investment: Beazley

Beazley’s latest Energy Transition Spotlight 2026 found that 73% of U.S. executives say economic uncertainty is hindering energy transition investments. Escalating tensions in the Strait of Hormuz have heightened energy security concerns, while the rapid growth of energy-intensive technologies highlights the urgent need for alternative energy solutions. The report, which surveyed 3,500 business leaders globally,…

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Sompo’s Reid succeeds Fraccalvieri as Aon’s EMEA CEO of Fac Reinsurance

Aon, a major global professional services and advisory firm, has announced the appointment of industry veteran Mike Reid as CEO of Facultative Reinsurance EMEA, effective July 1, 2026. Based in London, the executive will report to EMEA CEO and Reinsurance International chairman Tomas Novotny and Facultative Reinsurance global CEO Nick Fraccalvieri. Reid succeeds Fraccalvieri, who…

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Demex launches “first-of-its-type” winter storm reinsurance product

Demex, a provider of technology-enabled reinsurance solutions, announced the launch of a new winter storm product to protect primary underwriters from losses caused by unexpected storms, cold temperatures and heavier than usual snowfall. The new reinsurance solution, described as the first of its kind, builds on Demex’s successful working layer aggregated reinsurance solution for severe…

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