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According to Dylan Mortimer, head of Marine Warfare at Marsh UK, near-term rates for the Marine Corps Hull business line in the Gulf are likely to rise by 25-50%, while other reports indicate that some underwriters have reacted quickly by canceling certain annual Hull War policies under standard seven-day war clauses. On February 28, 2026,…
Clear Blue Insurance Group, a leading U.S. plan-focused insurance company, has appointed Miles Allkins as executive vice president (EVP) and chief risk officer. In this role, Allkins will lead enterprise risk, pricing governance, capital modeling, actuarial efforts and analytics across multi-line property and casualty platforms. He will focus on aligning underwriting with disciplined capital deployment,…
Australian insurance brokerage Steadfast Group reported underlying revenue of US$1 billion in the first half of 2026, an increase of 14.6% over the same period last year. In the first half of 2026, the group’s underlying EBITA increased by 12.6% to US$293.6 million, driven by strong contributions from subsidiary performance improvement plans, acquisitions and strict…
Property general agency (MGA) Delos Insurance Solutions and ROAR Partners, an investment advisory firm specializing in pre-disaster risk mitigation, have entered into a strategic partnership to provide complete disaster risk exposure strategies for wildfire-prone areas in California and the United States. The joint initiative will focus on three key areas: identifying areas with lower development…
EPIC Insurance Brokers & Consultants, Inc. (EPIC), a national insurance brokerage and advisory firm, announced the appointment of Miranda Rodriguez as head of project development for its national real estate business. In this newly created position, Rodriguez will focus on strengthening and expanding EPIC’s real estate operations. She will oversee initiatives spanning project design, strategic…
Specialty Program Group (SPG) LLC, a specialty insurance platform, has acquired Logistiq Insurance Solutions (Logistiq) to merge its business with its previously acquired Anova Marine Insurance. This strategic move brings together two marine and transportation insurance entities to create a unified, technology-forward platform that addresses the complex risks of global supply chains through SPG’s freight…
Tokio Marine Kiln (TMK), a specialist insurer operating in the London market, has appointed Lauren Storer as underwriter in its property and motor division, reporting to Neil Robertson, head of open market property. Storer has over 13 years of underwriting experience, specializing in direct and temporary (D&F) property risks underwritten through Lloyd’s, corporate markets and…
Berkshire Hathaway is cutting premiums for its property and casualty (P&C) reinsurance business in 2025 due to increased competition and falling rates, with new chief executive Greg Abel warning the company will continue to reduce reinsurance premiums “as long as these phases of the cycle persist.” Abel, who succeeded Warren Buffett as Berkshire Hathaway CEO…
Accelerant Holdings, a services and data platform that provides insurance through the Accelerant Risk Exchange, has disclosed preliminary unaudited full-year 2025 revenue rising 51% year-over-year to $913 million. Revenue in Q4’25 is expected to be $248 million, up 30% from Q4’24. Additionally, total written premiums in FY25 are expected to increase 35% year over year…
Galaxy Insurance Consultants (Singapore) announced that it has officially obtained a reinsurance brokerage license from the Monetary Authority of Singapore (MAS). This regulatory approval enables the form to bridge the gap between regional clients and the global reinsurance market. A Galaxy spokesman said: “This significant achievement solidifies our position as a trusted insurance partner in…