News
Munich Re Specialty launches Lloyd’s construction rescue cover
New product targets tunnelling and underground infrastructure projects, funding rescue and crisis response costs following catastrophic incidents
Record capital tests reinsurer discipline as softening goes on: AM Best
Global reinsurance capital is projected to reach $705bn in 2026, and AM Best warned that growing competition and softening property catastrophe rates will test whether the underwriting discipline established since the 2023 market reset can endure
Augment Risk appoints Cripps group head of growth and broking
Cripps takes on newly created role while continuing to lead the broker’s global parametric business during a transitional period
AI can help insurers break the cycle of soaring climate rates, says Lilypad innovation chief
AI-native insurers can use more granular data to improve risk selection, customise coverage and stabilise markets facing affordability pressures from hurricanes and climate-related perils, according to Lilypad’s Rajiv Matta
AI attracts 99% of capital, as insurtech funding hits four-year high, says Gallagher Re
Gallagher Re figures recorded $2.44bn of global insurtech investment in the second quarter, driven by mega-rounds and growing interest in the infrastructure supporting AI
Arch names Barrett deputy active underwriter for Syndicate 2012
Barrett expands his London Market leadership responsibilities while retaining oversight of Arch’s cyber and healthcare portfolios
Everest agrees sale of Mexico insurance business to Fairfax
Transaction forms part of Everest’s planned exit from its remaining commercial retail insurance operations
Dive In must leave a lasting legacy, says CFC’s Line
Nick Line, chief underwriting officer at CFC and chair of Dive In 2026, says the festival has transformed the London market’s culture, but its unspecified successor should sustain momentum on progression, leadership and inclusion in an AI-driven workplace
HDI highlights four priorities for European data centre resilience
Micro-location risks, resource constraints, construction standards and operational preparedness will shape data centre exposure to natural catastrophes and climate change
Lockton Re completes first hybrid property cat and cyber ILW
Transaction combines property catastrophe and cyber triggers within a single limit structure as broker targets growth in hybrid risk transfer solutions
Gallagher Re appoints Morement to lead APAC fac broking
Singapore-based executive joins from Guy Carpenter to take on newly created regional managing director role
Miller completes Shields acquisition ahead of Dubai reinsurance broking launch
Shields Miller will combine the firms’ reinsurance broking capabilities under a unified brand as Miller expands its treaty offering and presence across the MENA region
Verisk puts Kumamoto earthquake insured losses at up to $2.1bn
Howden Re commented saying it expects losses to remain well below the 2016 Kumamoto earthquake, although the extent of business interruption will depend on restart timelines at semiconductor facilities
Soft pricing is masking rising credit risk, warns Allianz Trade’s Murrow
Sarah Murrow, president and CEO of Allianz Trade Americas, told GR that trade credit insurance pricing is competitive but insolvencies are rising as supply chain risks become more complex
LSM adds to risk engineering team with London & Dubai hires
Mundy and Chowdhury join in London, while McLachlan will support the insurer’s construction portfolio from Dubai
AM Best keeps stable outlook for GCC insurance markets
Strong capitalisation and 2025 performance should help regional insurers withstand geopolitical pressures, although prolonged conflict and changing reinsurance conditions present material risks
Munich Re Specialty launches parametric earthquake cover in Japan
Trigger-based product will provide corporate clients with rapid access to liquidity following earthquakes, including where no physical damage has occurred
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