Ategrity Specialty Insurance Company has filed an S-1 registration statement for an initial public offering and has applied to list its common stock on the New York Stock Exchange under the symbol ASIC. For those unaware, Ategrity provides excess and surplus insurance to small and medium-sized businesses. The firm reported $344 million in revenue for […]
P&C Insurance
Steadfast rebrands London wholesale business H.W. Wood to HWS Specialty
Australian insurance broking and distribution group Steadfast has rebranded the recently acquired, London-domiciled specialist wholesale business, H.W. Wood to HWS Specialty. Founded in 1982, H.W. Wood has been a Lloyd’s broker since 2003, operating in France and Greece. It has a strong presence in wholesale, retail, and reinsurance solutions, serving clients in international marine and […]
LA wildfires an earnings event that will mostly affect US renewals: S&P
Despite significant losses from the California wildfires in January 2025, S&P Global Ratings considers it an earnings event and expects it to mostly affect US renewals rather than global markets, according to Taoufik Gharib, Director & Lead Analyst, Reinsurance Ratings. Speaking during S&P’s Fourth Quarter U.S. Insurance Webinar, Gharib noted that the wildfire losses will […]
Jason Koh joins Everest Re from Swiss Re to lead APAC Financial Risk
Everest Reinsurance, part of Bermuda-based Everest Group, has confirmed the appointment of Jason Koh from large European reinsurer Swiss Re as Head of Financial Risk, Asia Pacific (APAC). Koh joined Everest Reinsurance last month following more than seven years with Swiss Re, where he most recently served as Vice President, Senior Underwriter Credit & Surety, […]
Lara Martiner named Allianz (AGCS) Global Head of Alternative Risk Transfer
Allianz Commercial has announced the appointment of Lara Martiner as Global Head of Alternative Risk Transfer at Allianz Global Corporate & Specialty SE (AGCS), effective April 1, 2025. succeeding Grant Maxwell. Maxwell is leaving the German insurer at the end of June, and will maintain her current role as CEO of AGCS subsidiary Allianz Risk […]
IUA appoints Chris Jones as new Chief Executive
The International Underwriting Association (IUA), which represents companies in the London insurance market, has announced the appointment of Chris Jones as its new Chief Executive, effective May 1st, 2025. Jones succeeds Dave Matcham, who is retiring after a 45-year career in the London Market, including 20 years as IUA Chief Executive. The appointment was confirmed […]
Elementum appoints Jeff Davis and Paul Barker to newly created CIO roles
Elementum, an alternative investment manager specialising in collateralised natural catastrophe reinsurance investments, has appointed Jeff Davis as Chief Investment Officer (CIO), Catastrophe Bonds and Paul Barker as CIO of Private ILS. The firm states that this transition acknowledges Davis and Barker’s success in leading their respective teams and developing investment strategies for Elementum’s clients. The […]
Canopius appoints Candace Steele as Group Risk Director
Canopius Group, a global specialty and P&C insurer and reinsurer, has announced the appointment of Candace Steele as Group Risk Director, tasked with coordinating the company’s risk framework. She will lead the Group Risk function and work in collaboration with the Business Unit CROs to enrich Canopius’ global approach to risk. The executive joined Canopius […]
State Farm’s request for emergency interim rate increase conditionally approved
California Insurance Commissioner Ricardo Lara has conditionally approved State Farm’s request for an emergency interim rate increase following recent destructive wildfires in Los Angeles, provided the company can substantiate the need with data during a public hearing set for April 8, 2025. State Farm submitted its request in a letter to Commissioner Lara on March […]