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Bermuda-based global insurance and reinsurance company Arch Capital Group Ltd. has promoted Jerome Halgan to chief executive officer (CEO) of Arch Global Reinsurance Group and appointed Michael Schmeiser to chief executive officer of Arch Global Mortgage Group. In their new roles, Halgan and Schmeiser will continue to report to Arch Capital President Maamoun Rajeh. Halgan…
Global insurer and reinsurer Everest Group has launched a new casualty reinsurance sidecar in Bermuda called Annapurna Re Ltd., in partnership with Stone Point Insurance Solutions, as the company prepares to deploy $600 million in third-party capital to support Everest’s casualty and specialty reinsurance portfolio. Funds managed by Stone Point will be the first major…
Global professional services company Accenture reports that artificial intelligence is becoming an important factor in consumers choosing and renewing home and auto insurance. According to its latest report, more than 70% of people’s insurance decisions are expected to be affected by artificial intelligence in the next 12 months. Consumer Pulse Study. IInsurance has traditionally been…
France-based global reinsurer SCOR reiterates its commitment to supporting energy development and the transition to low-carbon solutions through its underwriting and investment activities. The company said its approach is guided by environmental, social and governance (ESG) principles and is reflected in its support of projects aimed at reducing industrial emissions. As a participant in the…
Adam Schwebach, the company’s head of North America property, said Gallagher Re’s reinsurance pricing had declined by an average of 22.8% at June 2026 renewals in Florida, reflecting sharp weakness due to ample capacity, improving terms and conditions and the continued impact of legislative changes in 2022. Schwebach outlined Florida’s reinsurance landscape for 2026, emphasizing…
Global professional services firm Aon has announced the appointment of Andy Desmond as Head of UK Commercial Risk Construction, effective from 1 July 2026. Desmond, who has over 25 years of client and brokerage experience, will lead Aon’s UK construction business and will be responsible for building the company’s capabilities and driving growth. He aims…
A new report from the International Underwriting Association (IUA) and Airmic is driving the insurance market towards outcomes-based policy structures to close the growing protection gap. The report is the result of a series of roundtables held with Airmic and IUA members, with KPMG serving as thought leadership partner. It believes traditional product line underwriting…
Global insurance brokerage, risk management and advisory firm Gallagher has appointed Alex Vullo and Mark Hubbard as Chief Executive Officers (CEOs) of Marine, Fine Art & Specie and Property & Special Risks respectively. Both appointments fall within the broker’s Professional division and will report to Gallagher Professional CEO Sarah Lyons. Vullo succeeds Jonathan Suckling, who…
Specialty insurance company RLI Corp. has announced the promotion of Kevin Brownell to vice president of claims. In his new role, Brownell will provide executive leadership and oversight of RLI’s casualty claims operations. He brings more than 25 years of insurance claims and legal experience to the position. Brownell joined RLI in 2018 as director…
Credit rating agency AM Best has affirmed the Financial Strength Rating (FSR) of Vantage Risk Ltd. (Bermuda) and its subsidiaries at A- (Excellent) and the Long-Term Issuer Credit Rating of A- (Excellent), effectively relieving the company from scrutiny and the far-reaching consequences of its recent acquisition by Howard Hughes Holdings (HHH). On June 4, 2026,…