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SCOR backs Carbon TerraVault storage project as part of energy transition strategy

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…

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Reinsurance pricing down 22.8% across Gallagher Re’s portfolio at June Florida renewal

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…

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IUA/Airmic report calls for shift to outcome-based insurance to close protection gaps

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…

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Gallagher appoints Vullo and Hubbard as CEOs in its Specialty division

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…

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Robert Cooper joins MNK International to lead Aquaculture, Livestock and Bloodstock expansion

MNK International, a specialist Lloyd’s of London insurance brokerage and part of the MNK Group, has appointed Robert Cooper as managing director of aquaculture, livestock and pedigree as the company continues to expand its global agricultural and specialty insurance portfolio. Based in London, Cooper joins MNK International where he was responsible for developing a diversified…

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