Old Republic establishes new specialised property insurer, led by Everest’s Hagerty
Old Republic International Corporation, a specialty insurer operating in property & casualty and title insurance, has established Old Republic Property, Inc., to underwrite specialised property insurance products through a national retail broker distribution network. The new firm is the seventh…
India reportedly considering $1.5bn reinsurance fund for vessels travelling through conflict zones
The Indian government is reportedly considering a $1.5 billion fund to provide reinsurance cover to Indian vessels travelling through conflict zones, such as the Strait of Hormuz, which remains effectively closed to most international shipping due to the ongoing Iran…
ClimateWise appoints Syal and Branagan as co-chairs of Insurance Advisory Council
Cambridge Institute for Sustainability Leadership’s (CISL) ClimateWise has appointed Tokio Marine Kiln’s Vivek Syal and RenaissanceRe’s Ian Branagan as co-chairs of its C-suite Insurance Advisory Council. ClimateWise brings together the insurance industry through a member network convened by the University…
GCC insurers’ underwriting profitability at risk from Hormuz disruption, Fitch warns
Assessing insurers’ vulnerability to an adverse scenario in which the Strait of Hormuz remains effectively closed until June 2026, Fitch Ratings has warned that a spike in inflation or supply chain disruption could drive up claims costs, putting particular pressure…
Ascot names Ian Lowe as Head of Bermuda Property Treaty
Ascot, a global specialty insurance and reinsurance group, has appointed Ian Lowe as Head of Bermuda Property Treaty. In his new role, Lowe succeeds Simon Kimberley, who has resigned to pursue other opportunities. He will report to Marc Amen, Chief…
DFC and Chubb reveal new partners for expanded Maritime Reinsurance plan
The U.S. International Development Finance Corporation (DFC) and Chubb have revealed six additional American insurance partners that will provide reinsurance for the DFC’s Maritime Reinsurance plan: Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA. As previously reported, Chubb…
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US cyber rates drop 32% at April 1, bespoke solutions surge amid ample reinsurance capacity: Gallagher Re
US cyber reinsurance rates fell around 32% during the April 1 renewals, impacted by a surge in excess capacity, which combined with a stable performance and low non-proportional pricing, has fostered the development of tailored solutions for cyber portfolios, according…
Aon’s Reinsurance Solutions names Jukgrid Treesuttamas as Senior Advisor, Thailand
Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has appointed Jukgrid Treesuttamas as Senior Advisor, Thailand, effective 1st April 2026. Based in Bangkok, Treesuttamas will focus on strengthening the company’s capabilities to help its Thai clients make better…
Markel Insurance appoints James Shankland as Head of Ocean Cargo, US
Markel, the insurance operations within Markel Group Inc., has announced the appointment of James Shankland as Head of Ocean Cargo, U.S. In his new role, Shankland will lead the growth of Markel’s U.S. cargo portfolio, overseeing underwriting strategy, portfolio management,…