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A new report from the International Insurance Association (IUA), the representative body for insurance and reinsurers operating in the London market, urges the establishment of clear protocols related to the business interruption (BI) claims review process to benefit the cyber insurance market. The agency explained that these claims often occur in complex situations where tower…

Analysts at Jefferies said it would likely take a major loss event of more than $100 billion to significantly change reinsurance market conditions, following a 15-20% drop in real estate catastrophe pricing at renewal time in June. Early forecasts suggest this year’s hurricane season will be below average as El Niño reduces storm activity and…

Willis Re, the reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has hired Guy Carpenter’s John Fletcher as chief executive officer (CEO) of its Bermuda platform, effective immediately. Fletcher has over 35 years of reinsurance and retrocession experience and is considered the island’s most experienced practitioner. Most recently, he served as…

Berkshire Hathaway Specialty Insurance (BHSI), the commercial insurance arm of Berkshire Hathaway, has promoted Ben Wyatt to head of North America and UK marine, effective immediately. BHSI has expanded Wyatt’s leadership responsibilities outside the United States to include overseeing its maritime operations in the United Kingdom and Canada. In his new role, Wyatt will drive…

Global brokerage Brokerslink has strengthened its expertise in Latin America with the appointment of Brazilian broker Fidentia Corretora de Seguros as a new specialist affiliate within its international network. The São Paulo-based company was founded in 2019 and is currently managed by Executive Director Felipe Pereira. It focuses on solutions for clinical research and research-related…

Global insurance brokerage, risk management and advisory firm Gallagher has announced five new appointments to its European Private Equity and M&A (PEMA) business, including Giulio Greco as chief brokerage officer for the PEMA business in Europe, the Middle East and Africa. In this newly created role, Greco will lead and develop the brokerage strategy for…

AXA XL, the property, casualty and professional risks arm of French insurance company AXA, has partnered with Deloitte, one of the world’s largest professional services networks, to enhance its cybersecurity and provide better operational technology services to clients around the world. This suite of services, accessible through the AXA Digital Business Platform, is designed to…

XS Global, the independently owned managed general underwriting (MGU) platform, has announced the appointment of Imad Kehdy as the new head of XS Global’s Africa first-party business, responsible for real estate, engineering, power and energy. Imad brings over a decade of reinsurance experience to his new role, most recently as Reinsurance Manager at Barents Re…

A recent report from AM Best showed that the U.S. property and casualty (P&C) insurance industry recorded net underwriting gains of $16.3 billion in the first quarter of 2026, after losing $1 billion in the same period a year earlier. Net premiums increased 3.9% and losses incurred and loss adjustment expenses (LAE) fell 9.3%, offsetting…

USAA, an American financial services company serving military personnel, veterans and their families through insurance, banking, investments and retirement products, has appointed Andrew J. Pinkes to its Board of Directors, effective May 29, 2026. Pincus has more than three decades of experience in the insurance industry, with expertise in claims management, legal matters, risk oversight,…