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In a statement accompanying the company’s annual report, Lloyd’s CEO Patrick Tiernan described the future of market infrastructure as an ecosystem of smart solutions, built on common data standards and interoperability, with new strategies aimed at “raising the bar” and removing friction that limits performance. The report details Lloyd’s new strategy to strengthen its financial…
Accelerant Holdings, a services and data platform for the specialty insurance market, reported full-year 2025 total revenue of $912.9 million, a 51.5% increase from $602.6 million in 2024. Exchange premiums for the year reached US$4.19 billion, an increase of 34.8% from US$3.11 billion in the previous year. Third-party direct premiums accounted for 30% of the…
Lloyd’s specialist broker New Dawn Risk has appointed Roma Kanabar as its new treasurer with immediate effect, based in London. In his new role, Kanabar will join New Dawn Risk’s senior management team and play a key role in providing financial leadership to New Dawn Risk. She has 13 years of experience in various financial…
International specialist re/insurance managing general agent (MGA) Rokstone has announced three new leadership appointments, including the promotion of Nadine Kearney to chief underwriting and risk officer. Kearney will also join Rokstone’s board of directors as executive director of SMF3. “This newly created position reflects not only the complexity of our growing business, but also our…
A new report from Swiss Re shows that although global insured losses of $107 billion in 2025 are below long-term natural catastrophe trends, secondary catastrophes including wildfires, severe convective storms (SCS) and floods account for a record 92% of total losses. The Los Angeles wildfires at the beginning of the year contributed US$40 billion to…
Specialist insurance provider Newline Group has announced the appointment of Christopher Moy as head of professional indemnity. In his new role, Moy will be based in London and report to Newline Group chief underwriting officer Andy Pecover. He brings more than a decade of underwriting experience. Moy joined Newline as an underwriter in December 2022…
Specialist insurance and reinsurance market Lloyd’s delivered after-tax profits of £10.6bn in 2025, $1bn more than the previous year, with gross written premiums (GWP) up 4.2% year-on-year to £57.9bn, reflecting new participation in the market and continued expansion of existing syndicates. The world’s oldest reinsurance market performed strongly in 2025, recording investment returns of £6…
Berkshire Hathaway Specialty Insurance (BHSI) has launched guarantee services in Ireland and appointed Sean Mulvey as head of guarantees to lead the new product line. Based in Dublin, Mulvey brings more than a decade of guaranteed underwriting and corporate banking experience to his new role. He joins BHSI from Advent Risk Management where he served…
HSB, a specialist insurer and part of Munich Re, has launched a new liability policy that protects businesses from lawsuits arising from the use of artificial intelligence (AI) technology. AI liability insurance is designed for small and medium-sized businesses that increasingly rely on artificial intelligence to increase productivity, reduce costs and stay competitive by automating…
BP Marsh portfolio company Sodalis Capital has acquired 100% of the issued share capital of independent international managing general agent (MGA) Amiga Specialty from BP Marsh, a specialist private equity investor in early-stage financial services businesses, for an initial consideration of £1.8 million. Although BP Marsh will withdraw as an Amiga shareholder, it remains a…