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Berkshire Hathaway Specialty Insurance (BHSI), an insurer that provides commercial property, casualty and specialty insurance, has appointed Marcus Portbury as regional president for Asia Middle East (AME) and Hong Kong branch chief executive officer (CEO), subject to regulatory approval. Portbury will remain based in Hong Kong and succeeds Marc Breuil in both roles, who is…
NFP, a company of Aon, a property and casualty (P&C) broker and benefits advisor, established the P&C Group captive insurance business through the acquisition of Trinity Risk Advisors, LLC, a Charlotte, North Carolina-based captive insurance brokerage. Alan Wise, founder and president of Trinity Risk Advisors, will lead P&C Group’s captive insurance business as managing director….
Willis Re, a reinsurance advisory and brokerage firm that is part of WTW, has announced that James Loggie will join the firm after completing his obligations to his former employer. Loggie has more than 25 years of experience in credit, surety and political risk, working extensively with major multi-line insurance companies, Lloyd’s syndicates, banks, captives,…
International insurance and reinsurance company QBE has announced the launch of major insurance products in Bermuda as part of its international markets operations. The product will initially focus on property and excess casualty lines, which are typically best served through the Bermuda market. Both portfolios will be underwritten in accordance with QBE’s global underwriting standards….
Bermuda-based insurer and reinsurer Hamilton Insurance Group Ltd. has announced the appointment of Sinead Cormican as chief underwriting officer (CUO) of its London-based underwriting platform, Hamilton Global Specialty. Cormican succeeds Miles Osorio, who will retire at the end of June 2026 after more than a decade at Hamilton. In her new role, Cormican will report…
New survey results released by Allianz Commercial, the corporate insurance arm of Allianz Group, show that companies around the world are increasingly incorporating extreme but plausible “black swan” events into their strategic planning. In its latest analysis, Allianz Business describes black swan events as rare and unforeseen events that can cause significant economic disruption and…
The latest research released by credit rating agency AM Best shows that the U.S. life and annuity (L/A) insurance industry continues to demonstrate overall financial strength, but the composition of its capital base is becoming less robust. The agency attributes this shift to insurers’ increasing reliance on soft forms of capital and the expanded use…
Citizens Property & Casualty Insurance Company of Florida revealed it is targeting approximately $2.98 billion in private reinsurance coverage for its 2026 risk transfer program. Coverage will include $1.53 billion of existing private risk transfers and $1.45 billion of new private risk transfers remaining in 2025, with budgeted premiums of approximately $350 million, according to…
Specialist insurer Beazley posted full-year 2025 pre-tax profit of $1.15 billion, despite increased global volatility and a weak ratings environment, with an undiscounted combined ratio of 81%. While gains were slightly lower than in 2024, the group said the year highlighted an accelerating shift in global risk dynamics, from January’s catastrophic wildfires to ongoing geopolitical…
HIVE Underwriters, an independent professional managing general agency (MGA), announces the appointment of George Stylli as Chief Technology Officer (CTO). Stylli brings nearly two decades of London market technology leadership, most recently as head of engineering at global multi-line specialty insurance and reinsurer Inigo. Prior to that, he served as IT Systems Manager and later…