GRM Insurance
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Gard restructures across five business units
Maritime mutual insurer Gard is restructuring across five business units in a bid to be more client-focused and improve its…
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New global cyber leader within commercial risk solutions at Aon
Brent Rieth has been appointed to the role of global cyber leader within commercial risk solutions at Aon. In his…
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Air India crash will harden global aviation (re)insurance market, says GlobalData
The Air India plane crash is set to harden the global aviation insurance and reinsurance markets, according to GlobalData. It…
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CFC hires former Markel CUO Nick Line
CFC Underwriting has named Nick Line, former chief underwriting officer at Markel, as its next CUO. Line will join CFC…
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AI insurtech Concirrus expands US footprint
London-based AI insurtech Concirrus has expanded its US footprint through a new deployment with one of the world’s top ten…
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Samsung Fire & Marine to increase its shareholding in Canopius to 40%
Korea’s Samsung Fire & Marine has entered into an agreement with Canopius to purchase an additional 21% equity stake, bringing…
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Munich Re Specialty North America launches life sciences coverage
Munich Re Specialty North America has launched a life sciences coverage programme. The coverage is designed for companies involved in…
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Managing General Agents’ Association partners with Insurance DataLab
The Managing General Agents’ Association (MGAA) has partnered with market intelligence platform Insurance DataLab. The firm has also joined the…
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New insurtech offering from Markel Insurance
A new insurance product for insurtech businesses domiciled in UK, Europe, Australia, Asia and Canada has been launched by Markel…
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Third-party litigation funding fuelling speculative claims in Canada
The Canadian court system is being used by third-party investors to profit on lawsuits, according to a new report from law firm…
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E&S market’s growth rate slows in US
The US excess and surplus (E&S) market continued to grow in 2024 but at a slower rate for the second…
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Big Ticket expands into casualty and cyber
Renewal data platform Big Ticket has expanded into casualty and cyber, with plans to extend into more lines and Europe…
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Continued rise in US commercial insurance prices, WTW says
US commercial insurance prices continue to see moderate to significant upward price adjustments for multiple lines in Q1 2025, according…
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Howden confident cyber market will shake off UK ransomware losses and continue softening
Howden doesn’t think the recent UK ransomware attacks alone will reverse softening in the UK and European cyber market, and…
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Beazley appoints head of parametric insurance
Stefan Wunderlich has been appointed as head of parametric insurance at Beazley. Reporting to Richard Montminy, group head of property…
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European MGA market sees strong growth with untapped potential
The European MGA market is growing at a five-year CAGR of around 23%, outpacing both US and global benchmarks, and…
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Ryan Specialty launches international renewable energy MGU
Ryan Specialty Underwriting Managers (RSUM) has launched a new international renewable energy managing general underwriter (MGU) Ryan Specialty Renewables. The…
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California wildfires drive US P/C sector to $1.1bn underwriting loss for Q1
The January 2025 wildfires in California were the main driver behind the US property/casualty (P/C) industry recording a $1.1bn net…
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Saudi Arabian insurance market consolidation to accelerate, says Fitch
Saudi Arabia will see insurance market consolidation accelerate over the next two years, driven by new regulatory capital requirements and…
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APAC insurers will hike non-life rates to meet solvency changes: Fitch
Fitch Ratings has maintained its 2025 sector outlook for APAC insurance at ‘neutral’, that it says is supported by resilient…