News

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 […]

The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced the promotion of Sinéad Cunningham to Head of Space. Cunningham brings five years of industry experience to the role. She joined TFP in June 2021 as an Underwriting Assistant and was promoted to Underwriter in March 2024. She began her career at Bermuda-based […]

A new ZestyAI survey finds that the insurance industry is falling behind in preparing for climate-driven risks, with 61% of executives saying the sector is not adapting quickly enough, even as natural disasters become more frequent, severe, and costly. ZestyAI recently released its 2025 State of Property Insurance survey, which includes insights from more than […]

US based parametric insurer and reinsurer, NormanMax Insurance Holdings, has appointed experienced reinsurance and retrocession broker, Nick Griffiths, as its new Chief Revenue Officer. As reported by our sister publication, Artemis, Griffiths will work across all of NormanMax’s platforms, bringing his more than 27 years of industry experience to the firm as it continues to […]

The U.S. workers’ compensation line of coverage remains a key driver of the profitability of property/casualty insurance, although economic uncertainty may lead to some short-to-medium-term turbulence for insurers, according to a recent AM Best report. With a combined ratio of 88.8 in 2024, the lowest among the major P&C lines of business, U.S. workers’ compensation […]

HSB, a specialist engineering and technology insurer, has announced the launch of HSB CyberPro, a cyber insurance and incident response solution designed for micro and small businesses in the UK and Ireland with revenues of up to £10 million. Despite a rise in cyber security awareness among businesses, a recent HSB survey revealed significant preparedness […]

HDI Global, a commercial and specialty lines insurer, has announced the roll out of HDI ARGOS 4.0 (Accumulation Risk Geospatial Online System), an advanced digital risk management service for its clients. This NatCat assessment tool, created in response to the increasing frequency and severity of natural catastrophes driven by climate change, will enable companies to […]