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Specialty MGA, MNK Group’s managing general agent, has appointed Marcus Smithson as head of financial lines and networks. The appointment is in line with MGA’s overall strategy as it continues to expand its international expertise while focusing on building a differentiated product portfolio through its flexible MGA model and international distribution network. In his new…
Early forecasts point to a slightly below-average 2026 Atlantic hurricane season, and despite improving market conditions, Florida remains a key focus for the property insurance market, according to a recent Fitch ratings report. Despite the continued concentration of financial risks, the report also highlights that U.S. property and casualty insurers and reinsurers are well-positioned to…
Lloyd’s global reinsurer MS Amlin has appointed Kirsten Mitchell-Wallace as chief risk officer (CRO) and Phil Young as chief information officer (CIO), pending regulatory approval. The pair will join the reinsurer’s executive leadership team and report to MS Amlin CEO Christiern Dart. Dart commented on the appointments: “I am delighted that Kirsten and Phil will…
A recent survey by global insurance broker Gallagher shows that U.S. business owners are moving beyond passive risk management and integrating risk into the way they operate, invest and grow. Gallagher’s fourth annual Business Owner Survey, which included 1,000 business owners, highlights a broader shift toward more proactive risk practices, driven by increasing pressures on…
Global management consultancy Oliver Wyman has appointed Andrew Bainbridge as general counsel and chief compliance officer. Bainbridge takes on the new role from Paula McGlarry, who most recently served as global chief operating officer and chief of staff. Bainbridge will report jointly to Kate Brennan, Marsh’s general counsel, and Ted Moynihan, president and CEO of…
Total economic and insured losses related to the severe weather outbreak affecting large swaths of the northern and central United States and southern Canada from June 5 to June 11 could total billions of dollars, according to Aon’s most recent weekly CAT report. Between June 5 and 8, a series of storm systems swept from…
The Singapore Reinsurers Association (SRA) has announced its new leadership team following its recent executive committee meeting, which includes the appointment of Glen Riddell as chairman, succeeding James Beedle. Established in 1979, the SRA is an industry trade association representing financial institutions licensed by the Monetary Authority of Singapore (MAS) to conduct reinsurance business in…
S&P Global Ratings, a global provider of credit ratings, research and risk analytics, reports that expanding private markets are creating closer ties between banks, insurance companies and alternative asset managers across Europe, increasing interconnectedness within the financial system. In a report released on June 11, 2026, Private market linkages strengthen interconnections among European financial institutions,…
International insurer and reinsurer QBE has appointed Christopher Harris as an independent non-executive director to the QBE Group Board, with effect from 6 July 2026, subject to regulatory approval. Currently, Harris serves as chairman of QBE Capital. He has held this position since May 9, 2025 and has played a key role in promoting the…
Descartes Underwriting, a specialist in enterprise parametric re/insurance solutions for climate and emerging risks, and Nextpower™, a provider of solar and power technology solutions for utility-scale power plants, have partnered to launch a comprehensive parametric insurance solution for extreme wind conditions. By leveraging in-situ wind data from Nextpower weather stations, the new product is designed…