Archives for April 2025

Commercial insurance rates across the US continued to rise in the first quarter of 2025, with the composite rate increasing to 3%, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae Risk Group, observed, “Umbrella and excess liability, along with automobile coverages, saw the most significant rate hikes this quarter—both increasing by […]

Anne Hoffmans has been promoted to Executive Vice President of Program Underwriting at AM Specialty Insurance Company. Hoffmans has been part of ASIC since 2023, when she joined the company as SVP, Program Underwriting. “From developing robust economic models as part of our detailed program due diligence procedures to streamlining our new program pipeline, which […]

PwC has announced the appointment of Hugh Man as a Partner in its Corporate Finance team, based in the company’s London office. In his new role, Man will focus on M&A and capital raising in the insurance sector, further strengthening PwC’s established presence in this field. Man brings 20 years of experience in the insurance […]

Markel, the insurance arm of Markel Group Inc., has announced the appointment of Erik Johnson as Head of Technical Underwriting and Oversight, effective immediately. In this newly created position, Johnson will lead the International Technical Underwriting team, setting and upholding high standards for technical underwriting across the organisation. He will also oversee the Wordings team, […]

South Korea’s worst wildfire in history could prompt insurers to strengthen their risk management and underwriting expertise, and to potentially seek more protection through reinsurance, as the event could make individuals seek more protection against catastrophe and weather-related events, according S&P Global Ratings analysts. “South Korea’s wildfires will lead to moderately higher claims for property […]