News

Insurance companies remain cautious as inflation once again emerges as one of the leading macroeconomic risks, according to BlackRock’s 14th annual Global Insurance Report. BlackRock, the asset manager, surveyed 463 senior investment professionals across 33 markets representing a combined US$23 trillion in assets under management. The findings highlight an industry balancing prudence with selective pursuit […]

Gallagher Re, a global reinsurance brokerage and risk advisory firm, has appointed Andrew Phelan as Chairman of Global Credit, Surety (except US), and Political Risk. In his new role, Phelan will be based in Bermuda and focus on expanding the broker’s presence across the UK and International markets. Most recently, Phelan served as the Head […]

Morningstar DBRS, a provider of credit ratings and risk analysis, reports that the ability to access capital continues to be one of the most important factors influencing the Financial Strength Ratings (FSRs) of US insurance companies. According to Morningstar DBRS, capital flexibility directly affects how insurers finance growth, manage risk, and compete within a dynamic […]

Preferred Reinsurance Intermediaries, a boutique reinsurance intermediary and subsidiary of Balavant Insurance Group, has appointed Tyler King as Executive Vice President (EVP). The appointment aligns with Preferred Re’s strategy to build a leadership team with the expertise, relationships, and vision to drive growth and strengthen its position in the expanding program business segment. In his […]

Data centres offer re/insurers a massive opportunity due to their scale, but they also carry significant risks, and if the industry cannot quickly provide solutions that meet the needs of technology giants, these risks could move into captives, said Rachel Turk, Chief Underwriting Officer at Lloyd’s, the specialist insurance and reinsurance marketplace. Speaking during Aon’s […]

Speaking on a panel earlier today as part of global broker Aon’s Reinsurance Renewal Season coverage, Rachel Turk, Chief Underwriting Officer at the specialist Lloyd’s insurance and reinsurance marketplace, said that there’s “plenty of growth opportunities around” as the market looks to stay ahead of volatility. Moderated by Molly Tully, Executive Managing Director at Aon, […]

Consilium, the global specialty insurance and reinsurance wholesale broker, has announced that its Cargo Risk Solutions division has launched a stand-alone stock facility designed to deliver improved pricing, lower deductibles, and broader wordings that better reflect how clients and brokers do business. In a market facing increased supply chain volatility and evolving warehousing and storage […]

Xceedance, a global provider of technology-driven business solutions for the insurance industry, has received a growth investment from Portage Capital Solutions, an investor focused on financial technology. With this latest investment, which gives Portage a minority equity stake, Xceedance’s total raised capital, across equity and debt, stands at approximately $100 million. The capital will be […]

Africa Specialty Risks (ASR), the pan-African and Middle East-focused re/insurance group, has appointed Elaine Mason as Head of Claims, based in London. In her new role, Mason will lead ASR’s claims function, including furthering claims operations, philosophy, and technology. She will report to Tunu Sokiri, Chief Operating Officer, ASR. She will also design and implement […]

According to ratings agency AM Best, the US property and casualty (P&C) insurance industry is set to expand more rapidly than the wider economy in 2025 and is projected to sustain underwriting profitability for a second consecutive year. The findings are based on Insurance Economics and Underwriting Projections: A Forward View, a joint analysis by […]